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

Shares of Ferrovial SE (NASDAQ:FER) have been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $70.4650.

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

Institutional Trading of Ferrovial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC lifted its stake in Ferrovial by 40,717,866.7% in the third quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock worth $1,258,865,000 after acquiring an additional 21,987,648 shares during the period. Amundi lifted its stake in Ferrovial by 87.0% in 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. TCI Fund Management Ltd. lifted its stake in Ferrovial by 6.5% in the fourth quarter. TCI Fund Management Ltd. now owns 20,740,214 shares of the company’s stock worth $1,348,163,000 after acquiring an additional 1,269,548 shares during the period. Vanguard Group Inc. lifted its stake in Ferrovial by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 20,699,246 shares of the company’s stock worth $1,341,125,000 after acquiring an additional 354,530 shares during the period. Finally, Algebris UK Ltd. purchased a new stake in Ferrovial in the fourth quarter worth $839,930,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Stock Performance

Shares of Ferrovial stock opened at $64.30 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.05 and a current ratio of 1.13. Ferrovial has a 52-week low of $50.10 and a 52-week high of $74.79. The company’s 50 day moving average price is $68.42 and its 200-day moving average price is $67.71.

Ferrovial (NASDAQ:FER) last issued its earnings results on Saturday, February 14th. The company reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $3.19 billion during the quarter. On average, sell-side analysts forecast that Ferrovial will post 1.44 EPS for the current year.

Ferrovial Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, June 15th. Stockholders of record on Tuesday, May 19th will be issued a $0.5578 dividend. The ex-dividend date is 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.