Oppenheimer Initiates Coverage of Ferguson with Outperform Rating and $234 Price Target
Oppenheimer has initiated coverage of Ferguson PLC (FERG) with an Outperform rating and a price target of $234, highlighting the company’s strong market position in the building and remodeling products distribution sector. Analysts expect Ferguson’s organic growth to outpace competitors, bolstered by recent stock performance updates and increased price targets from Baird and JPMorgan. As Ferguson actively engages with investors and maintains transparency, its strategic initiatives position it as a compelling investment opportunity for those seeking growth in the industry.
Ferguson plc (NASDAQ:FERG) Expected to Post Earnings of $9.85 Per Share for Fiscal Year 2024
Ferguson plc (NASDAQ:FERG) is expected to post earnings of $9.85 per share for the fiscal year 2024, as forecasted by equity research analysts at William Blair. This estimate has been increased from their prior forecast of $9.84, indicating a positive outlook for the company’s performance. Other analysts have also shared their insights on Ferguson’s stock, with various rating changes and target prices. The latest earnings report showed a slight miss on EPS and revenue, with institutional investors making adjustments to their holdings.