Analyst Expectations For Ferguson Enterprises's Future
Portfolio Pulse from Benzinga Insights
Ferguson Enterprises (NYSE:FERG) has received mixed analyst ratings over the past three months, with a general trend towards bullishness. The average 12-month price target has increased by 2.1% to $228.71. Analysts have adjusted their ratings and price targets, reflecting evolving market conditions and company performance. Ferguson is a major distributor in North America, with strong financial metrics like ROE and ROA, but faces challenges with net margin and revenue growth compared to industry peers.
October 16, 2024 | 12:00 pm
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Ferguson Enterprises has received a mix of analyst ratings, with a trend towards bullishness. The average 12-month price target has increased by 2.1% to $228.71, indicating positive sentiment. Analysts have adjusted their ratings and price targets, reflecting evolving market conditions and company performance.
The increase in the average price target and the trend towards more bullish ratings suggest a positive short-term impact on Ferguson's stock price. Analysts' adjustments reflect confidence in the company's market position and financial health, despite some challenges in net margin and revenue growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100