Ferrovial SE (NASDAQ:FER) Receives $70.47 Consensus Price Target from Analysts

Ferrovial SE (NASDAQ:FER) has received an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $70.4650.

A number of research firms have recently issued reports on FER. Citigroup cut Ferrovial from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $75.30 to $70.00 in a research report on Wednesday, May 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Ferrovial in a research report on Tuesday, June 2nd. Zacks Research upgraded Ferrovial to a “hold” rating in a research report on Tuesday, May 19th. Finally, Jefferies Financial Group cut Ferrovial from a “buy” rating to a “hold” rating and boosted their price objective for the company from $70.42 to $70.93 in a research report on Monday, March 9th.

Institutional Trading of Ferrovial

Institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC increased its position in shares of Ferrovial by 1,089.1% during the fourth quarter. Signaturefd LLC now owns 547 shares of the company’s stock valued at $35,000 after purchasing an additional 501 shares during the period. Cullen Frost Bankers Inc. grew its position in Ferrovial by 80.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after acquiring an additional 262 shares during the period. EverSource Wealth Advisors LLC grew its position in Ferrovial by 118.6% in the third quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after acquiring an additional 364 shares during the period. Blue Trust Inc. grew its position in Ferrovial by 136.8% in the first quarter. Blue Trust Inc. now owns 779 shares of the company’s stock valued at $51,000 after acquiring an additional 450 shares during the period. Finally, Larson Financial Group LLC grew its position in Ferrovial by 240.2% in the third quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after acquiring an additional 687 shares during the period. 22.28% of the stock is currently owned by institutional investors.

Ferrovial Price Performance

Shares of FER stock opened at $68.51 on Thursday. Ferrovial has a 12 month low of $50.10 and a 12 month high of $74.79. The stock has a 50 day moving average of $68.53 and a 200-day moving average of $67.79. The company has a current ratio of 1.13, a quick ratio of 1.05 and a debt-to-equity ratio of 1.25.

Ferrovial (NASDAQ:FER) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $3.19 billion for the quarter. Research analysts predict that Ferrovial will post 1.44 EPS for the current year.

Ferrovial Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 15th. Stockholders of record on Tuesday, May 19th were given a dividend of $0.5578 per share. The ex-dividend date was Tuesday, May 19th.

Ferrovial Company Profile

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.