SunTrust Banks Initiates Coverage on Ferguson (OTCMKTS:FERGY)

SunTrust Banks began coverage on shares of Ferguson (OTCMKTS:FERGY) in a research note published on Tuesday morning, The Fly reports. The firm issued a buy rating on the stock. SunTrust Banks also issued estimates for Ferguson’s FY2019 earnings at $0.51 EPS and FY2020 earnings at $0.54 EPS.

Several other equities research analysts also recently issued reports on the company. ValuEngine downgraded Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. Berenberg Bank set a €54.00 ($62.79) price objective on 1&1 Drillisch and gave the company a buy rating in a report on Friday, June 14th. Credit Suisse Group downgraded Advanced Disposal Services from an outperform rating to a neutral rating and boosted their price objective for the company from $29.00 to $33.00 in a report on Friday, May 17th. JPMorgan Chase & Co. boosted their price objective on Edwards Lifesciences from $175.00 to $190.00 and gave the company a neutral rating in a report on Wednesday, March 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded ExlService from a hold rating to a sell rating in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $7.75.

FERGY stock opened at $7.33 on Tuesday. The stock has a market cap of $16.89 billion, a P/E ratio of 16.66, a PEG ratio of 1.28 and a beta of 1.09. Ferguson has a 12-month low of $5.95 and a 12-month high of $8.67. The company has a fifty day moving average price of $6.99.

About Ferguson

Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.

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Analyst Recommendations for Ferguson (OTCMKTS:FERGY)

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