Oppenheimer Sticks to Their Buy Rating for Ferguson PLC (FERG)
Oppenheimer analyst Scott Schneeberger reiterated a Buy rating on Ferguson PLC today and set a price target of $255.00.
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Schneeberger covers the Industrials sector, focusing on stocks such as XPO, WillScot Mobile Mini Holdings, and Mcgrath Rentcorp. According to TipRanks, Schneeberger has an average return of 11.4% and a 60.44% success rate on recommended stocks.
In addition to Oppenheimer, Ferguson PLC also received a Buy from Robert W. Baird’s David Manthey in a report issued on December 10. However, yesterday, Deutsche Bank maintained a Hold rating on Ferguson PLC (LSE: FERG).
Based on Ferguson PLC’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $8.17 billion and a net profit of $570 million. In comparison, last year the company earned a revenue of $7.77 billion and had a net profit of $470 million
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FERG in relation to earlier this year.
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