Ferguson (NASDAQ:FERG) Shares Gap Down – Time to Sell?

Shares of Ferguson plc (NASDAQ:FERG) gapped down prior to trading on Tuesday . The stock had previously closed at $237.67, but opened at $226.54. Ferguson shares last traded at $224.10, with a volume of 571,309 shares.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FERG shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $220.00 target price (up from $195.00) on shares of Ferguson in a research report on Monday, June 9th. UBS Group upped their target price on Ferguson from $173.00 to $204.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 4th. Berenberg Bank reaffirmed a “hold” rating and issued a $215.00 target price on shares of Ferguson in a research report on Thursday, June 5th. Truist Financial reaffirmed a “buy” rating and issued a $230.00 target price on shares of Ferguson in a research report on Wednesday, June 4th. Finally, The Goldman Sachs Group started coverage on Ferguson in a research report on Wednesday, June 18th. They issued a “buy” rating and a $280.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $221.00.

Ferguson Stock Performance

The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The firm has a market cap of $44.48 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 1.69 and a beta of 1.15. The stock has a fifty day moving average price of $226.60 and a 200 day moving average price of $195.28.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors grew its holdings in Ferguson by 3.9% in the 4th quarter. Captrust Financial Advisors now owns 13,656 shares of the company’s stock valued at $2,370,000 after buying an additional 514 shares during the last quarter. Cetera Investment Advisers grew its holdings in Ferguson by 16.9% in the 4th quarter. Cetera Investment Advisers now owns 10,452 shares of the company’s stock valued at $1,814,000 after buying an additional 1,511 shares during the last quarter. Focus Partners Wealth acquired a new stake in Ferguson in the 4th quarter valued at approximately $448,000. Hudson Bay Capital Management LP acquired a new stake in Ferguson in the 4th quarter valued at approximately $2,256,000. Finally, LMR Partners LLP acquired a new stake in Ferguson in the 4th quarter valued at approximately $5,993,000. Institutional investors and hedge funds own 81.98% of the company’s stock.

Ferguson Company Profile

Ferguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name.