Ferrovial SE (NASDAQ:FER) Receives $70.47 Consensus PT from Analysts

Ferrovial SE (NASDAQ:FER) has received a consensus rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $70.4650.

Several brokerages have commented on FER. UBS Group lowered shares of Ferrovial from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. Weiss Ratings upgraded shares of Ferrovial from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Citigroup downgraded shares of Ferrovial from a “buy” rating to a “neutral” rating and dropped their target price for the company from $75.30 to $70.00 in a research report on Wednesday, May 27th. Finally, Zacks Research lowered shares of Ferrovial from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th.

Hedge Funds Weigh In On Ferrovial

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of Ferrovial by 2.0% in the 1st quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock valued at $564,000 after purchasing an additional 246 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Ferrovial by 880.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company’s stock valued at $2,204,000 after purchasing an additional 47,892 shares during the period. Jane Street Group LLC grew its stake in Ferrovial by 346.5% during the 1st quarter. Jane Street Group LLC now owns 24,238 shares of the company’s stock worth $1,080,000 after buying an additional 18,809 shares during the last quarter. Quantbot Technologies LP purchased a new position in Ferrovial during the 2nd quarter worth approximately $310,000. Finally, Marshall Wace LLP increased its position in Ferrovial by 481.5% during the second quarter. Marshall Wace LLP now owns 166,778 shares of the company’s stock worth $8,934,000 after buying an additional 138,098 shares during the period. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Stock Performance

Shares of NASDAQ FER opened at $58.55 on Tuesday. The stock’s 50-day simple moving average is $64.71 and its 200-day simple moving average is $67.07. Ferrovial has a fifty-two week low of $53.17 and a fifty-two week high of $74.79. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09.

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.