Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Ferguson PLC stock (market cap: $45 billion) reached a significant milestone, hitting a 52-week high of 228.82 USD. This peak reflects a robust performance, with an impressive 31.6% gain year-to-date, marking a 11.47% increase in its stock value. According to InvestingPro analysis, the stock is currently trading above its Fair Value. The rise to this 52-week high underscores investor confidence and positive market sentiment surrounding Ferguson PLC. This achievement highlights the company’s resilience and strategic positioning in the market, trading at a P/E ratio of 28.3. InvestingPro has identified 10 additional investment tips for Ferguson, including strong returns over multiple timeframes. Get the complete analysis and comprehensive Pro Research Report, available for over 1,400 US stocks, to make more informed investment decisions.
In other recent news, Ferguson Enterprises Inc. announced the currency exchange rate for depositary interest holders receiving their dividend in British pounds. The exchange rate is set at 1.3404 GBP/USD for the $0.83 per share dividend. Goldman Sachs initiated coverage on Ferguson with a buy rating, highlighting improved pricing trends and setting a price target of $280. Morgan Stanley increased its price target for Ferguson to $220, maintaining an Overweight rating due to anticipated stronger organic growth and raised margin forecasts. Berenberg downgraded Ferguson’s stock rating to Hold from Buy after a significant share price surge, despite raising the price target to $215 and increasing earnings per share forecasts by 4%. Meanwhile, UBS raised its price target for Ferguson to $204, maintaining a Neutral rating while adjusting earnings per share estimates for fiscal years 2025 to 2027 due to improved revenue and margin expectations. These developments reflect ongoing adjustments and evaluations by various financial analysts following Ferguson’s recent financial performance.
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