Last Updated: 14 Sep 2024
Executive Summary
Ferguson Plc (FERG), a leading distributor of plumbing and heating products, is currently trading at $193.07. The company has a market capitalization of $38.2 billion and is expected to continue its strong performance in the coming years.
Company Overview
Ferguson Plc is a global distributor of plumbing and heating products. The company operates in the United States, the United Kingdom, Canada, and Central Europe. Ferguson Plc has a strong track record of growth and profitability. The company has a wide moat due to its scale, distribution network, and customer relationships.
Fundamental Analysis
Ferguson Plc's financial performance has been strong in recent years. The company has reported consistent revenue and earnings growth. In fiscal 2023, Ferguson Plc reported revenue of $29.5 billion and net income of $2.9 billion. The company's gross profit margin was 30.6% and its operating margin was 8.5%.
Ferguson Plc's balance sheet is also strong. The company has a low level of debt and a high level of cash. The company's current ratio is 1.5 and its debt-to-equity ratio is 0.4.
Technical Analysis
Ferguson Plc's stock price has been in a bullish trend for the past year. The stock has broken out of a trading range and is now trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also in bullish territory.
Short Term Outlook
Ferguson Plc's stock price is expected to continue to rise in the short term. The company's strong financial performance and positive technical indicators suggest that the stock is a good buy.
Long Term Outlook
Ferguson Plc is a well-positioned company with a strong track record of growth and profitability. The company is expected to continue to benefit from the growing demand for plumbing and heating products. The company's long-term outlook is positive.
Analyst Recommendations
The majority of analysts have a buy rating on Ferguson Plc. The average analyst target price is $226.87.
