William Blair analyst Ryan Merkel has maintained their bullish stance on FERG stock, giving a Buy rating on April 8.
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Ryan Merkel has given his Buy rating due to a combination of factors that point to earnings and revenue outpacing current expectations. His channel checks suggest industry volumes are running ahead of consensus, with additional pricing power emerging as suppliers implement sequential price increases across PVC, steel, and copper, supporting stronger margins and a first quarter EPS outcome above the Street.
He also highlights that Ferguson shares trade at a discount to comparable building products distributors despite superior positioning in large-scale projects and contractor consolidation. In his view, the company’s exposure to resilient end markets, combined with solid execution and strategic initiatives, creates meaningful upside to 2026–2027 estimates and argues for a valuation multiple more in line with peers, supporting a favorable risk/reward profile.
In another report released on April 8, Barclays also maintained a Buy rating on the stock with a $295.00 price target.