Ferrovial SE (NASDAQ:FER) Given Consensus Rating of “Hold” by Analysts

Ferrovial SE (NASDAQ:FER) has earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $70.4650.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. GF Fund Management CO. LTD. bought a new position in Ferrovial during the fourth quarter valued at approximately $10,000,000. Fisher Asset Management LLC grew its position in Ferrovial by 8.4% during the third quarter. Fisher Asset Management LLC now owns 538,220 shares of the company’s stock valued at $31,540,000 after acquiring an additional 41,783 shares during the last quarter. Korea Investment CORP grew its position in Ferrovial by 34.3% during the third quarter. Korea Investment CORP now owns 317,488 shares of the company’s stock valued at $18,197,000 after acquiring an additional 81,016 shares during the last quarter. Hudson Bay Capital Management LP bought a new position in Ferrovial during the third quarter valued at approximately $1,895,000. Finally, Barclays PLC grew its position in Ferrovial by 7.9% during the third quarter. Barclays PLC now owns 4,463,767 shares of the company’s stock valued at $261,577,000 after acquiring an additional 325,912 shares during the last quarter. 22.28% of the stock is currently owned by institutional investors.

Ferrovial Price Performance

FER 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. The company’s 50 day moving average is $68.42 and its 200 day moving average is $67.71. Ferrovial has a 1-year low of $50.10 and a 1-year high of $74.79.

Ferrovial (NASDAQ:FER) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.32 earnings per share for the quarter. The company had revenue of $3.19 billion during the quarter. Analysts expect that Ferrovial will post 1.44 EPS for the current fiscal year.

Ferrovial Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, June 15th. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.5578 per share. The ex-dividend date is Tuesday, May 19th.

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.