Canaccord Genuity Downgrades Ferguson (LON:FERG); Fayez Sarofim & Company Has Boosted Constellationbrandsinc. (STZ) Holding

December 7, 2017 - By wolcottdaily

Canaccord Genuity has decreased Ferguson (LON:FERG) stock to a “Hold” in analysts note revealed to clients and investors on Wednesday, 6 December, and has set a 12 month target price at GBX 5870.00. This target is 8.60% from FERG’s last price.

Fayez Sarofim & Company increased Constellationbrandsinc. (STZ) stake by 3.66% reported in 2017Q2 SEC filing. Fayez Sarofim & Company acquired 13,260 shares as Constellationbrandsinc. (STZ)’s stock rose 13.40%. The Fayez Sarofim & Company holds 375,220 shares with $72.69 million value, up from 361,960 last quarter. Constellationbrandsinc. now has $42.43B valuation. The stock increased 0.05% or $0.11 during the last trading session, reaching $216.93. About 964,226 shares traded. Constellation Brands, Inc. (NYSE:STZ) has risen 17.20% since December 7, 2016 and is uptrending. It has outperformed by 0.50% the S&P500.

Among 10 analysts covering Ferguson (LON:FERG), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Ferguson has GBX 5870 highest and GBX 4700 lowest target. GBX 5427.50’s average target is -0.14% below currents GBX 5435 stock price. Ferguson had 20 analyst reports since August 30, 2017 according to SRatingsIntel. Deutsche Bank maintained Ferguson plc (LON:FERG) on Wednesday, October 4 with “Hold” rating. Jefferies maintained the stock with “Hold” rating in Thursday, October 5 report. As per Wednesday, October 25, the company rating was maintained by Berenberg. The rating was upgraded by Citigroup on Tuesday, September 19 to “Buy”. The stock of Ferguson plc (LON:FERG) has “Overweight” rating given on Tuesday, September 19 by Barclays Capital. On Tuesday, December 5 the stock rating was maintained by Liberum Capital with “Buy”. JP Morgan maintained the stock with “Overweight” rating in Wednesday, August 30 report. As per Wednesday, December 6, the company rating was maintained by Peel Hunt. The firm earned “Buy” rating on Friday, September 29 by Liberum Capital. The company was maintained on Wednesday, December 6 by JP Morgan.

Ferguson plc distributes plumbing and heating products, and building materials in the United States, Canada, the United Kingdom, the Nordic, and Central Europe. The company has market cap of 13.51 billion GBP. It offers plumbing supplies to the residential, commercial, municipal, and industrial sectors for new construction, as well as for repair, maintenance, and improvement projects; and bathroom, kitchen, and lighting products. It has a 17.57 P/E ratio. The firm also distributes pipes, valves, fittings, hydrants, meters, and related water management products, as well as offers related services, such as water line tapping and pipe fusion for governments and municipal contractors, water treatment plant contractors, and waterworks contractors on residential, commercial, and municipal projects across the water, sanitary sewer, and storm water management markets.

The stock increased 0.56% or GBX 30 during the last trading session, reaching GBX 5435. About 69,298 shares traded or Infinity% up from the average. Ferguson plc (LON:FERG) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

Among 21 analysts covering Constellation Brands (NYSE:STZ), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. Constellation Brands has $280 highest and $130 lowest target. $204.10’s average target is -5.91% below currents $216.93 stock price. Constellation Brands had 68 analyst reports since August 27, 2015 according to SRatingsIntel. Goldman Sachs maintained Constellation Brands, Inc. (NYSE:STZ) on Thursday, April 7 with “Buy” rating. The company was maintained on Friday, October 2 by Argus Research. RBC Capital Markets maintained the shares of STZ in report on Friday, October 6 with “Outperform” rating. RBC Capital Markets maintained Constellation Brands, Inc. (NYSE:STZ) on Thursday, September 14 with “Buy” rating. The stock of Constellation Brands, Inc. (NYSE:STZ) earned “Outperform” rating by RBC Capital Markets on Wednesday, December 16. The rating was initiated by Credit Suisse with “Neutral” on Friday, September 16. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Buy” rating given on Friday, June 30 by Wells Fargo. The stock has “Neutral” rating by Citigroup on Monday, April 11. Citigroup maintained the shares of STZ in report on Monday, October 9 with “Neutral” rating. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Overweight” rating given on Thursday, December 17 by Barclays Capital.

Fayez Sarofim & Company decreased Wal (NYSE:WMT) stake by 17,872 shares to 987,441 valued at $74.73M in 2017Q2. It also reduced Blackrockinc (NYSE:BLK) stake by 6,320 shares and now owns 516,501 shares. Statestreetcorp (NYSE:STT) was reduced too.

Investors sentiment increased to 1.16 in 2017 Q2. Its up 0.34, from 0.82 in 2017Q1. It is positive, as 42 investors sold STZ shares while 242 reduced holdings. 108 funds opened positions while 221 raised stakes. 143.15 million shares or 0.40% less from 143.73 million shares in 2017Q1 were reported. Ls Inv Advisors Ltd holds 0.06% or 4,958 shares in its portfolio. State Of Alaska Department Of Revenue reported 0.05% in Constellation Brands, Inc. (NYSE:STZ). Kbc Gp Nv holds 0.11% or 58,421 shares in its portfolio. 1,446 are held by Cwm Ltd Llc. Veritable Limited Partnership stated it has 0.02% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Texas-based Teacher Retirement Systems Of Texas has invested 0.12% in Constellation Brands, Inc. (NYSE:STZ). Korea Corp accumulated 161,289 shares. Prudential Finance invested in 0.1% or 353,962 shares. 180,746 are owned by Canada Pension Plan Inv Board. Evercore Wealth Management Ltd Liability Corporation reported 0% in Constellation Brands, Inc. (NYSE:STZ). Lord Abbett & Company Limited Liability Corp accumulated 226,675 shares. 10,990 were reported by Advisors Asset Inc. Soroban Cap Prtn LP owns 3.34M shares. Fiduciary Fincl Of The Southwest Tx has 2,271 shares for 0.14% of their portfolio. Nationwide Fund Advsrs has invested 0.09% in Constellation Brands, Inc. (NYSE:STZ).

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