Fintel reports that on October 4, 2023, RBC Capital reiterated coverage of Ferguson Plc. (NYSE:FERG) with a Outperform recommendation.
Analyst Price Forecast Suggests 0.30% Downside
As of August 31, 2023, the average one-year price target for Ferguson Plc. is 159.97. The forecasts range from a low of 107.06 to a high of $197.40. The average price target represents a decrease of 0.30% from its latest reported closing price of 160.45.
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The projected annual revenue for Ferguson Plc. is 29,891MM, an increase of 0.53%. The projected annual non-GAAP EPS is 9.48.
What is the Fund Sentiment?
There are 683 funds or institutions reporting positions in Ferguson Plc.. This is an increase of 110 owner(s) or 19.20% in the last quarter. Average portfolio weight of all funds dedicated to FERG is 0.63%, a decrease of 18.68%. Total shares owned by institutions increased in the last three months by 4.29% to 170,798K shares. 
The put/call ratio of FERG is 0.64, indicating a bullish outlook.
What are Other Shareholders Doing?
Janus Henderson Group holds 6,729K shares representing 3.30% ownership of the company. In it's prior filing, the firm reported owning 7,054K shares, representing a decrease of 4.84%. The firm increased its portfolio allocation in FERG by 5.13% over the last quarter.
Invesco holds 6,486K shares representing 3.19% ownership of the company. In it's prior filing, the firm reported owning 6,612K shares, representing a decrease of 1.94%. The firm increased its portfolio allocation in FERG by 1,071.37% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,386K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 6,426K shares, representing a decrease of 0.63%. The firm increased its portfolio allocation in FERG by 7.84% over the last quarter.
APG Asset Management N.V. holds 5,762K shares representing 2.83% ownership of the company. In it's prior filing, the firm reported owning 5,883K shares, representing a decrease of 2.09%. The firm increased its portfolio allocation in FERG by 9.06% over the last quarter.
Trian Fund Management holds 5,495K shares representing 2.70% ownership of the company. In it's prior filing, the firm reported owning 5,864K shares, representing a decrease of 6.72%. The firm increased its portfolio allocation in FERG by 6.54% over the last quarter.
Ferguson Plc. Background Information
(This description is provided by the company.)
Ferguson plc (formerly Wolseley plc) is a British-American multinational plumbing and heating products distributor with its head office in Wokingham, England. Its brands include Ferguson Enterprises (in the United States).
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