Ferguson Plc. (NYSE: FERG): Retirees Don’t Worry About Volatility

Ferguson Plc. (NYSE:FERG) currently has a daily average trading volume of 1.14M but it saw 918250 shares traded in last market. With a market cap of 44.96B USD, the company’s current market price of $222.65 came rising about 1.79 while comparing to the previous closing price of $218.74. In past 52 weeks, the stock remained buoying in the range of price level as high as $224.86 and as low as $147.62.

Taking a look at 20-day trading activity of Ferguson Plc. (FERG) gives us an average price of $206.14, while its current price level is -0.98% below from 52-week high level whereas it is 50.83% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $203.10 while that of 200 days or SMA-200 reads an average of $195.09. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.54% during that period while stretching the period over a month that decreases to 2.17%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 69.06 which implies that the stock is in neutral territory.

Wells Fargo upgraded its recommendation for the stock as a “Overweight” from “Equal Weight” on January 04, 2024 while assigning a price target range of $175-$210. BofA Securities also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $160 and $138.

Over the week, FERG’s stock price is moving 6.86% up while it is 17.18% when we observe its performance for the past one month. Year-to-date it is 15.32% up and over the past year, the stock is showing an upside performance of 37.76%.

Currently, Ferguson Plc.’s total number of outstanding shares is 204.00M. Company’s return on investment (ROI) stands at 18.32% and return on equity (ROE) at 36.47%. It has a price to earnings ratio (P/E ratio) of 24.35 while having a 20.90 of forward P/E ratio. Stock’s beta reads 1.21. Stock has a price to book (P/B) ratio of 8.15 while price to sale or P/S ratio amounts to 1.52. Its return on asset (ROA) is 11.74% on average.