Added to YB: 2024-09-30
Pitch date: 2024-06-30
FERG [bullish]
Ferguson Enterprises Inc.
+18.9%
current return
Author Info
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Company Info
Ferguson Enterprises Inc. operates as a distributor serving the water and air specialized professional in the United States and Canada.
Market Cap
$45.2B
Pitch Price
$188.95
Price Target
N/A
Dividend
1.54%
EV/EBITDA
13.30
P/E
23.42
EV/Sales
1.63
Sector
Trading Companies and Distributors
Category
N/A
Show full summary:
Janus Henderson Global Research Fund Portfolio Holding: Ferguson Enterprises Inc.
FERG: Leading plumbing/building products distributor. Q1 up on rate cut hopes, Q2 down on higher-for-longer rates. Despite soft residential market, stable business. Q1 earnings beat, aided by data center demand. Management sees improving residential construction in H2. Stock volatile but fundamentals solid.
Read full article (1 min)