Ferrovial SE (NASDAQ:FER) Stock Has Average Target Price of $70.47

Ferrovial SE (NASDAQ:FER) has earned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $70.47.

Several research firms have commented on FER. Weiss Ratings lowered Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Morgan Stanley reissued an “overweight” rating on shares of Ferrovial in a report on Tuesday, September 22nd. UBS Group downgraded Ferrovial from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft lowered Ferrovial from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Zacks Research cut Ferrovial from a “hold” rating to a “strong sell” rating in a research report on Friday, August 14th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amundi boosted its holdings in shares of Ferrovial by 39.7% during the 1st quarter. Amundi now owns 15,301,820 shares of the company’s stock worth $995,383,000 after purchasing an additional 4,351,267 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Ferrovial by 21.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,310,950 shares of the company’s stock valued at $149,882,000 after purchasing an additional 408,456 shares in the last quarter. Swiss National Bank grew its position in shares of Ferrovial by 26.8% in the first quarter. Swiss National Bank now owns 1,778,470 shares of the company’s stock valued at $113,643,000 after purchasing an additional 375,590 shares in the last quarter. J. Safra Sarasin Holding AG grew its position in shares of Ferrovial by 1.9% in the first quarter. J. Safra Sarasin Holding AG now owns 1,074,671 shares of the company’s stock valued at $68,623,000 after purchasing an additional 20,101 shares in the last quarter. Finally, Maryland State Retirement & Pension System increased its holdings in shares of Ferrovial by 7.2% in the first quarter. Maryland State Retirement & Pension System now owns 593,034 shares of the company’s stock valued at $38,012,000 after purchasing an additional 39,694 shares during the last quarter. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Price Performance

Shares of Ferrovial stock opened at $49.23 on Wednesday. Ferrovial has a twelve month low of $48.00 and a twelve month high of $74.79. The firm’s 50-day moving average price is $56.32 and its 200 day moving average price is $63.50. The company has a quick ratio of 1.09, a current ratio of 1.20 and a debt-to-equity ratio of 1.39.

About Ferrovial

Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other essential infrastructure. Its activities primarily focus on toll roads and mobility infrastructure, airports, energy infrastructure and construction services. The company participates in projects through development, investment, operations and long-term maintenance, often under public-private partnership and concession arrangements.

Ferrovial’s transportation portfolio includes managed-lane and toll-road projects, while its airports business has included the development and operation of airport infrastructure.