Ferrovial (NASDAQ:FER) Upgraded by Zacks Research to “Hold” Rating

Ferrovial (NASDAQ:FER) was upgraded by research analysts at Zacks Research to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research analysts have also commented on the company. Weiss Ratings lowered Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. Jefferies Financial Group downgraded Ferrovial from a “buy” rating to a “hold” rating and raised their price objective for the stock from $70.42 to $70.93 in a research note on Monday, March 9th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $73.12.

Ferrovial Stock Up 3.7%

FER stock opened at $67.41 on Tuesday. Ferrovial has a 1-year low of $50.10 and a 1-year high of $74.79. The business’s 50 day moving average is $67.39 and its 200-day moving average is $67.31. 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 results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The business had revenue of $3.19 billion for the quarter. On average, sell-side analysts expect that Ferrovial will post 1.44 earnings per share for the current year.

Hedge Funds Weigh In On Ferrovial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AlphaCore Capital LLC grew its holdings in Ferrovial by 3.2% during the fourth quarter. AlphaCore Capital LLC now owns 6,357 shares of the company’s stock worth $411,000 after purchasing an additional 197 shares during the period. Drive Wealth Management LLC boosted its stake in shares of Ferrovial by 5.4% in the fourth quarter. Drive Wealth Management LLC now owns 3,983 shares of the company’s stock valued at $257,000 after buying an additional 203 shares during the period. ProShare Advisors LLC boosted its stake in shares of Ferrovial by 0.4% in the third quarter. ProShare Advisors LLC now owns 52,209 shares of the company’s stock valued at $2,990,000 after buying an additional 206 shares during the period. MML Investors Services LLC lifted its stake in Ferrovial by 3.4% during the fourth quarter. MML Investors Services LLC now owns 6,887 shares of the company’s stock worth $445,000 after purchasing an additional 226 shares during the last quarter. Finally, Hancock Whitney Corp lifted its stake in Ferrovial by 1.6% during the third quarter. Hancock Whitney Corp now owns 14,394 shares of the company’s stock worth $843,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 22.28% of the company’s stock.

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.