07:25 AM EDT, 06/25/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
We increase our target price to USD230 from USD216 based on an EV/EBITDA of 16.5x (+2 standard deviations above the three-year average valuation). We believe that FERG deserves a premium valuation due to its successful U.S. restructuring, Fortune 500 debut, and strong execution in a fragmented USD340B market. FERG debuted on the 2025 Fortune 500 at #146, underscoring its strong role in the USD 340B North American construction market. The ranking was driven by FY 24 (Jul.) revenue of USD29.6B and its U.S. headquarters move in August 2024. CEO Kevin Murphy credited the milestone to the team's efforts, customer ties, and value-added leadership, highlighting Ferguson's growing influence and operational strength across construction sectors. Our EPS estimates are USD9.06 for FY 25 and USD9.91 for FY 26. FERG remains a Buy due to its dominant position in the U.S. construction supply chain, strong earnings growth, and consistent market share gains.