Ferguson: Weaker Demand And Elevated Valuation Make This HVAC Distributor A Hold [Seeking Alpha]
Ferguson plc Ordinary Shares (FERG)
Company Research
Source: Seeking Alpha
The company has a diversified customer base and a history of strong financial performance and growth. With weaker demand, the growth rate across both residential and non-residential markets has slowed, which also translated to lower profitability in the company's financials. Analysts have a bullish outlook for Ferguson, but the stock is currently trading at a potentially overvalued level, suggesting it may not be a good entry point. Introduction Ferguson plc ( NYSE: FERG ) is a value-added distributor that does everything from HVAC, plumbing, and appliances to help customers replace and maintain equipment. In this article, I'll discuss the company's Q2 2024 results, my outlook for the company, and analyze the current valuation and risks to see if the current share price offers investors an attractive entry point. Company Overview Ferguson is a distributor of HVAC and plumbing products in the United States and Canada. With just under $30 billion of annual revenue today, th
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FERG
News
- Ferguson Share Repurchase Program - Weekly ReportBusiness Wire
- Ferguson plc ("Company"): Total Voting RightsBusiness Wire
- Ferguson plc: Block Listing Six Monthly ReturnBusiness Wire
- Ferguson Share Repurchase Program - Weekly ReportBusiness Wire
- Ferguson's Supply Chain Initiative Drives Customer Satisfaction [Forbes]Forbes
FERG
Sec Filings
- 4/18/24 - Form 425
- 4/18/24 - Form 8-K
- 4/18/24 - Form DEFM14A
- FERG's page on the SEC website