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

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

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

Ferrovial Stock Up 3.7%

Shares of NASDAQ:FER opened at $67.41 on Tuesday. 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 has a one year low of $50.10 and a one year high of $74.79. The business’s 50-day simple moving average is $67.39 and its 200 day simple moving average is $67.31.

Ferrovial (NASDAQ:FER) last announced its earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The company had revenue of $3.19 billion for the quarter. As a group, equities research analysts forecast that Ferrovial will post 1.44 earnings per share for the current year.

Hedge Funds Weigh In On Ferrovial

A number of hedge funds have recently modified their holdings of FER. Signaturefd LLC grew its holdings 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 buying an additional 501 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of Ferrovial by 80.9% during the 4th 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 last quarter. EverSource Wealth Advisors LLC grew its holdings in Ferrovial by 118.6% during the third quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after purchasing an additional 364 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Ferrovial by 136.8% during the 1st quarter. Blue Trust Inc. now owns 779 shares of the company’s stock worth $51,000 after purchasing an additional 450 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Ferrovial by 240.2% during the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock worth $57,000 after purchasing an additional 687 shares during the last quarter. 22.28% of the stock is currently owned by institutional investors and hedge funds.

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.