Ferrovial SE (NASDAQ:FER) Receives Consensus Rating of “Hold” from Analysts

Shares of Ferrovial SE (NASDAQ:FER) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $70.4650.

A number of research firms recently weighed in on FER. Zacks Research lowered Ferrovial from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. Weiss Ratings downgraded Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Finally, Citigroup cut shares of Ferrovial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $75.30 to $70.00 in a research report on Wednesday, May 27th.

Ferrovial Stock Performance

Shares of NASDAQ FER opened at $62.74 on Tuesday. Ferrovial has a twelve month low of $53.17 and a twelve month high of $74.79. The business’s 50 day moving average price is $65.68 and its two-hundred day moving average price is $67.46. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09.

Institutional Trading of Ferrovial

Hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC raised its holdings in Ferrovial by 40,717,866.7% in the 3rd quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock valued at $1,258,865,000 after acquiring an additional 21,987,648 shares during the period. Algebris UK Ltd. acquired a new stake in Ferrovial during the fourth quarter worth approximately $839,930,000. Amundi boosted its holdings in shares of Ferrovial by 87.0% during the third quarter. Amundi now owns 21,528,574 shares of the company’s stock worth $1,297,312,000 after acquiring an additional 10,016,475 shares during the period. Norges Bank bought a new stake in shares of Ferrovial during the fourth quarter worth approximately $605,204,000. Finally, Credit Agricole S A acquired a new position in shares of Ferrovial in the third quarter valued at approximately $343,371,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

About Ferrovial

Ferrovial, SA is a Spanish multinational infrastructure company headquartered in Madrid that develops, constructs, operates and maintains transport and urban infrastructure. Its core activities include the design and construction of large civil engineering projects, the development and operation of transport concessions such as toll roads and airports, and the provision of urban and industrial services and maintenance. The company typically operates through long-term concession and public-private partnership models, combining construction expertise with asset management and operations.

Within its operating model, Ferrovial’s business spans construction contracting, concession management and services.