Citigroup Raises Ferguson Enterprises (FERG) Price Target to $288
Key Points
- Citigroup's new price target of $288 is significantly higher than Ferguson's recent trading price of about $229.52.
- The stock is currently trading about 15.5% below its 52-week high of $271.64, indicating potential upside.
- Ferguson has a market cap of about $44.4 billion and a P/E ratio of 22.6.
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On October 27, 2026, Citigroup upgraded its rating on Ferguson Enterprises Inc. (FERG) from Hold to Buy and increased its price target to $288, up from $285. This change reflects Citigroup's confidence in Ferguson's growth prospects amid a solid performance in the industrial distribution sector.
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Ferguson Enterprises Inc.
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Other Institutional Activity in Ferguson Enterprises
Several institutional investors have recently adjusted their stakes in Ferguson. Mutual of America Capital Management grew its holdings by 17,889 shares, bringing its total to 19,775 shares valued at about $4.4 million. Conversely, Robeco Schweiz reduced its position by 35,186 shares, ending with 240,773 shares worth approximately $53.6 million. Jupiter Topco LLC maintained a substantial stake of 7,538,616 shares, valued at around $1.73 billion.
Ferguson Enterprises Inc. Stock Holds Steady
Ferguson shares recently traded around $229.52, very close to the closing price of $229.56 on the same day as the rating change. The stock is currently below its 200-day moving average by 3.4%, but it is above its 50-day moving average by 1.7%. This positioning suggests that the stock may have room to grow, especially with the new price target set by Citigroup.
$FERG price target
Ferguson Enterprises Inc. daily closes and this analyst's $288 target. Not advice.
Recent Earnings
Ferguson reported trailing twelve-month revenue of approximately $31.4 billion and an EPS of $10.16. The company's revenue growth year-over-year stands at 4.6%, and it has a net margin of 6.3%. The next earnings report is scheduled for November 9, 2026.
Analysts Set New Price Targets
On October 27, 2026, Citigroup upgraded Ferguson with a Buy rating and raised its price target to $288 from $285. This follows other analysts like UBS, Bernstein, and RBC Capital, who have maintained their ratings and price targets in recent months, indicating a generally positive outlook for the stock.
About Ferguson Enterprises Inc.
Ferguson Enterprises Inc. distributes essential water and air solutions to professionals in the U.S. and Canada. It offers a range of products and services, including plumbing, HVAC, and lighting solutions. The recent upgrade from Citigroup reflects confidence in the company's continued growth in the industrial distribution market.
Bottom Line
Investors will want to keep an eye on Ferguson's next earnings report on November 9, 2026, as well as any further analyst updates that may affect the stock's trajectory. Citigroup's upgrade is a positive sign for the company, suggesting a strong outlook ahead.
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Source: Citigroup's rating change on $FERG (Oct 27, 2026). Written by software, not financial advice. How we make alerts