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

Shares of Ferrovial SE (NASDAQ:FER) have been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $70.4650.

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

Ferrovial Stock Performance

FER opened at $67.72 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.05 and a debt-to-equity ratio of 1.25. The firm has a 50-day moving average price of $68.21 and a 200-day moving average price of $68.06. Ferrovial has a twelve month low of $50.72 and a twelve month high of $74.79.

Ferrovial Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC grew its holdings in Ferrovial by 1,089.1% during the 4th quarter. Signaturefd LLC now owns 547 shares of the company’s stock valued at $35,000 after buying an additional 501 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in shares of Ferrovial by 80.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after buying an additional 262 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Ferrovial by 118.6% in the third quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock worth $39,000 after buying an additional 364 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Ferrovial by 136.8% in the first quarter. Blue Trust Inc. now owns 779 shares of the company’s stock worth $51,000 after buying an additional 450 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of 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. Institutional investors 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.