Morgan Stanley analyst Annelies Vermeulen upgrades $Ferguson (FERG.US)$ to a buy rating, and adjusts the target price from $200.7 to $221.72.
According to TipRanks data, the analyst has a success rate of 40.0% and a total average return of -0.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Ferguson (FERG.US)$'s main analysts recently are as follows:
Market sentiment has rapidly shifted towards peak pessimism regarding homebuilder stocks by 2025, which is often seen as creating the most attractive buying opportunities for the group. However, the valuation of Ferguson is considered to appropriately reflect modest near-term growth.
Ferguson is viewed as an appealing long-term growth opportunity at present share levels. The prospect of increased U.S. inflation is seen as a supportive factor for Ferguson's pricing and margin strategies beginning in the second half of 2025, with current consensus estimates considered 'realistic.' Notably, despite the challenging high interest rates environment, key demand indicators continue to demonstrate resilience, commodity prices are showing signs of stabilization, and Ferguson has been consistently outperforming its underlying markets in recent quarters.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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