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Oppenheimer analysts initates an Outperform rating for Ferguson Enterprises Inc (FERG)

Ferguson Enterprises Inc’s filing revealed that its Director BECKWITT RICHARD acquired Company’s shares for reported $0.48 million on Dec 11 ’24. In the deal valued at $193.69 per share,2,500 shares were bought. As a result of this transaction, BECKWITT RICHARD now holds 3,719 shares worth roughly $0.69 million.

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Then, Winckler Richard sold 1,325 shares, generating $267,319 in total proceeds. Upon selling the shares at $201.75, the Chief Accounting Officer now owns 1,000 shares.

Before that, Williams Garland sold 1,118 shares. Ferguson Enterprises Inc shares valued at $224,963 were divested by the Senior Vice President-Blended at a price of $201.22 per share. As a result of the transaction, Williams Garland now holds 1,882 shares, worth roughly $0.35 million.

Oppenheimer initiated its Ferguson Enterprises Inc [FERG] rating to an Outperform in a research note published on October 23, 2024; the price target was $234. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “a Mkt perform”. Wells Fargo also remained covering FERG and has increased its forecast on January 04, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. BofA Securities revised its rating on October 31, 2023. It rated FERG as “an Underperform” which previously was an “a Neutral”.

Price Performance Review of FERG

On Tuesday, Ferguson Enterprises Inc [NYSE:FERG] saw its stock fall -0.34% to $185.05. Over the last five days, the stock has lost -5.07%. Ferguson Enterprises Inc shares have fallen nearly -4.15% since the year began. Nevertheless, the stocks have fallen -2.04% over the past one year. While a 52-week high of $225.62 was reached on 07/31/24, a 52-week low of $183.63 was recorded on 12/17/24. SMA at 50 days reached $202.98, while 200 days put it at $205.43.

Levels Of Support And Resistance For FERG Stock

The 24-hour chart illustrates a support level at 183.72, which if violated will result in even more drops to 182.39. On the upside, there is a resistance level at 186.15. A further resistance level may holdings at 187.25. The Relative Strength Index (RSI) on the 14-day chart is 30.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -19.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.07%. Stochastics %K at 2.69% indicates the stock is a buying.

How much short interest is there in Ferguson Enterprises Inc?

A steep rise in short interest was recorded in Ferguson Enterprises Inc stocks on 2024-11-15, dropping by -0.15 million shares to a total of 2.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.71 million shares. There was a decline of -5.84%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on October 17, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $175 price target.

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