Ferguson is a holding company. Through its subsidiaries, Co. is a distributor of plumbing and heating products in the U.S. Co. operates nationally serving the residential, commercial, civil and industrial markets. Co. operates seven business units in the U.S.: Blended Branches, which provides plumbing and heating solutions ; Waterworks standalone, which distributes pipe, valves and fittings, hydrants, meters and related water management products; B2C e-commerce, which sells directly to consumers via websites using the product range and distribution network of the Blended Branches business; as well as Other, which comprises industrial standalone, fire and fabrication, and facilities supply.
  • TickerFERG
  • ISINJE00BFYFZP55
  • CountryJersey

Analysts

Nurhayati Wan

Ferguson

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Nurhayati Wan

Ferguson

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Nurhayati Wan

Ferguson

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Nurhayati Wan

Ferguson

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Nurhayati Wan

Ferguson

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Sven Edelfelt

Imerys : Cemex : résultats T2 sans saveur

>Résultats T2 2018 en dessous des attentes - Cemex a publié ses résultats du T2 2018. L’EBITDA ressort à 714 M$, soit 4,3% en dessous du consensus (746 M$) mais en progression de 4% à pcc par rapport au T2 2017. Sur le T2, le CA augmente de 7% en réel et de 7% à pcc (3 805 M$). Le FCF recule de 26 % sur le T2 (36% sur le S1).A retenir - Redressement des prix de vente dans toutes les divisions (sans doute pour compenser les effets de la hausse des coût...

Sven Edelfelt

Imerys : Cemex: unexciting Q2 results

>Q2 2018 results lower than expected - Cemex has reported its Q2 2018 results. EBITDA came out at $ 714m, i.e. 4.3% below the consensus ($ 746m) but 4% lfl higher than in Q2 2017. Sales in Q2 grew by 7% in real terms and by 7% lfl ($ 3.805bn). FCF fell by 26% in Q2 (36% in H1).Highlights - Selling prices recovered for all the divisions (no doubt to offset the effects of higher energy costs) and volumes grew in all the regions. Volumes enjoyed a catch-...

Sven Edelfelt

ODDO : Bâtiment France : un mois de juillet difficile

>Impact boursier négatif - Chiffres en progression en juillet dans le non résidentiel, mais recul dans le résidentiel. Si le ralentissement dans le résidentiel ne faisait pas de doute, le repli des permis de construire dans le non résidentiel sur 3 mois glissants est décevant et pourrait entrainer un ralentissement en 2019 si cette tendance devait être confirmée. Des chiffres à confirmer toutefois dans la mesure où la coupe du monde de football a certainement eu un im...

Sven Edelfelt

ODDO : Building industry in France: a challenging month of July

>Negative stock market impact - Data reflects a rise in the non-residential segment in July, but a decline in the residential segment. Whilst there was no doubt as to the slowdown in the residential segment, the fall in building permits in the non-residential segment over three months rolling is disappointing and could lead to a slowdown in 2019 if this trend is confirmed. Figures that nonetheless need to be confirmed as the Football World Cup probably had an impact o...

Denise Molina

Ferguson FY18: No Signs of U.S. Slowdown but Margins Unlikely to Expand Further Next Year

While Ferguson's full-year results were in line with expectations, we think the stock sold off on concerns about tougher comparables in 2019 and the inevitable turn in the remodeling cycle. We see no indications of the cycle softening for U.S. construction; however, we think the stock has more than priced in the recent value drivers, namely taking share in the U.S., showing more discipline in branch pricing, and importantly, exiting much of its international portfolio. We retain our no-moat rati...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • François Maury
  • Georges Dieng
  • Jean-François Granjon
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Nicolas Kieffer
  • Nicolas David
  • Olfa Taamallah
  • Olivier Lebrun
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Pierre Tegner
  • Salma Bouraoui
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Thomas Zlowodzki
  • Vincent Maulay
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 27/07/2018

Quels titres favoriser pour l’été ? Nous avons tenté de répondre à cette question en criblant sur des critères simples le Stoxx 600 : acheter les titres qui connaissent une dynamique de révision de BPA positive à 1m, 3m et 6m et qui ne sont pas « chers » (prime maximale de 20% en P/E et P/B) par rapport à leurs secteurs de rattachement respectifs. Nous retenons les titres recommandés à l’Achat par nos analystes et pour lesquels notre chartiste (R. Colombero) a une opinion positive : A...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • François Maury
  • Georges Dieng
  • Jean-François Granjon
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Nicolas Kieffer
  • Nicolas David
  • Olfa Taamallah
  • Olivier Lebrun
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Salma Bouraoui
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Thomas Zlowodzki
  • Vincent Maulay
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/27/2018

Which stocks should be picked over the summer? We have sought to answer this question by screening the Stoxx 600 using simple criteria: buy stocks with positive 1m, 3m and 6m EPS revision and that are not expensive (maximum premium of 20% on P/E and P/B) relative to their respective sectors. We have selected stocks on which our analysts have Buy recommendations and our chart analyst (Rémy Colombero) has a positive opinion: Ahold, Aegon, Alten, Arkema, Eiffage and Ipsen. Applying a sym...

Alexandre Iatrides ...
  • Benoit Valleaux
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Manuel Martin
  • Olivier Lebrun
  • Sven Edelfelt
  • Thomas Effler
  • Vincent Maulay
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 30/08/2018

...

Alexandre Iatrides ...
  • Benoit Valleaux
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Manuel Martin
  • Olivier Lebrun
  • Sven Edelfelt
  • Thomas Effler
  • Vincent Maulay
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/30/2018

A number of recent indicators in France have disappointed and the upturn in Legrand’s activity there (16% of sales) has not been as robust as hoped, prompting concerns about underlying difficulties. But we think Legrand’s business in France is in line with market trends and, importantly, the group has found alternative sources of growth. We reiterate our Buy recommendation. Cf. report published today. - - ...

Alex Koagne ...
  • Benoit Valleaux
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Manuel Martin
  • Sven Edelfelt
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 29/11/2018

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Nurhayati Wan

Ferguson

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Nurhayati Wan

Ferguson

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Nurhayati Wan

Ferguson

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Nurhayati Wan

Ferguson

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Nurhayati Wan

Ferguson

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MarketLine Department

Mitsubishi Heavy Industries, Ltd. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Mitsubishi Heavy Industries, Ltd. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Mitsubishi Heavy Industries, Ltd. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain...

Expert Corporate Governance Service (ECGS)

Ferguson - EGM 29 April 2019

The Proposals are being implemented by way of a Jersey scheme of arrangement which requires two shareholder meetings to be held: a Court Meeting and the subsequent Scheme General Meeting. This report addresses the General Meeting. At the Court meeting held immediately prior to this General Meeting, shareholders were asked to approve a scheme of arrangement. Under the scheme, shares held in the Company will be exchanged for shares in New Ferguson at a one to one ratio. The shares in New Ferguson will have the same rights as shares in the Company. Shareholders will, thus, become shareholders of...

Valérie GASTALDY

Analyse moyen terme - FERGUSON PLC : Les cours progressent toujours.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 6 340,00 p et 6 725,00 p. La tendance serait invalidée sous le support à 5 011,70 p.

Valérie GASTALDY

Medium term view - FERGUSON PLC : Prices are still making progress.

The background trend is clearly bullish. Prices are still making progress. The following targets are at 6,340.00 p and 6,725.00 p. The trend would be invalidated below the support at 5,011.70 p.

Matthieu DRIOL

Short term view - FERGUSON PLC : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress. The following targets are at 6,345.00 p and 6,520.62 p. The trend would be invalidated below the support at 5,870.00 p.

Matthieu DRIOL

Analyse court terme - FERGUSON PLC : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 6 345,00 p et 6 520,62 p. La tendance serait invalidée sous le support à 5 870,00 p.

Valérie GASTALDY

Analyse moyen terme - FERGUSON PLC : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 6 340,00 p et 6 725,00 p. La tendance serait invalidée sous le support à 5 011,70 p.

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