Updated Aug 15 at 11:30pm ET.
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SEC filing on 2026-08-11: 8-K, 8-K filing: entered a material agreement; took on new debt or obligations.
Source: 8-K filing
Bernstein analysts reaffirmed their outperform rating, which means they expect the stock to do better than the broader market. They set a price target of 325 dollars, suggesting they see significant room for the stock to rise from its current level of about 245 dollars.
This call signals confidence in the company's ability to grow despite a slow housing market. It also reflects a belief that the company's scale and its recent move into the S&P 500 will continue to attract more buyers.
Source: Bernstein
Barclays raised its price target from 297 dollars to 313 dollars while keeping an overweight rating, which is their version of a buy recommendation. The move follows a quarter where the company beat expectations and raised its outlook for the full year.
Analysts at major firms like Barclays often adjust their targets after earnings to reflect new data. This increase shows they are becoming more optimistic about the company's profit growth as it continues to buy up smaller distributors in the plumbing and heating market.
Source: Barclays
Ferguson priced a public offering of 1.2 billion dollars in senior unsecured notes, which are bonds that are not backed by specific collateral. The debt is split between 700 million dollars due in 2029 and 500 million dollars due in 2036.
This move helps the company manage its cash and fund its ongoing strategy of buying smaller rivals. While it adds to the company's total debt, the interest rates of 4.8 percent and 5.6 percent are reasonable for a business of this size and stability.
Source: Business Wire
Ferguson earned 3.39 dollars per share on an adjusted basis, beating the 3.30 dollars that analysts were looking for. Sales rose nearly 5 percent to 8.8 billion dollars, driven by strong demand from commercial projects and a return to growth in residential work.
The company also raised its full-year guidance, signaling that it expects the rest of the year to be stronger than it previously thought. It continues to use its cash to buy smaller competitors, completing five acquisitions this quarter and signing a deal for FloWorks, a specialist in industrial parts. This strategy helps the company grow even when the overall construction market is slow.
See the full quarter, and how our tracked metrics did
Source: 8-K filing
Analysts recently raised their price targets for Ferguson following the company's better-than-expected quarterly earnings report. Most analysts, 13 of 17, rate the stock a buy, and the average target of $292 suggests a 19% upside from today's price.
Management has a reliable habit of clearing the bars set for them, beating analyst profit estimates in five of the last eight quarters.
| Expectation | |
|---|---|
| EPS | $3.32 |
| Revenue | $8.71B |
