William Blair analyst Ryan Merkel has maintained their bullish stance on FERG stock, giving a Buy rating on September 4.
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Ryan Merkel’s rating is based on a combination of factors including Ferguson PLC’s stable demand and rising prices, which are expected to result in an in-line quarter. The company’s fiscal 2026 earnings per share guidance is anticipated to be slightly below market expectations, but the projected price increase of 3%-4% is likely to support an in-line guide and a muted stock reaction.
Additionally, Ferguson’s strong positioning in mega projects and infrastructure spending, along with its unique blended branch go-to-market strategy, positions it well to serve dual-trade contractor rollups. This strategic positioning, coupled with the anticipation of a Federal Reserve rate cutting cycle, suggests that Ferguson is likely to continue outperforming in the coming years, justifying a premium to its historical multiple.
In another report released on September 4, J.P. Morgan also maintained a Buy rating on the stock with a $225.00 price target.