Zacks Research Upgrades Ferrovial (NASDAQ:FER) to “Hold”

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

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group downgraded Ferrovial from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $70.42 to $70.93 in a report 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 investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $73.12.

View Our Latest Stock Report on FER

Ferrovial Price Performance

FER stock opened at $67.41 on Tuesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.05 and a current ratio of 1.13. Ferrovial has a 52-week low of $50.10 and a 52-week high of $74.79. The stock’s 50 day moving average is $67.39 and its two-hundred day moving average is $67.31.

Ferrovial (NASDAQ:FERGet Free Report) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $3.19 billion for the quarter. On average, analysts predict that Ferrovial will post 1.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its position 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 purchasing an additional 501 shares during the period. Cullen Frost Bankers Inc. boosted its position in 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 purchasing an additional 262 shares during the period. EverSource Wealth Advisors LLC boosted its position in Ferrovial by 118.6% during the 3rd 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 period. Blue Trust Inc. boosted its position in Ferrovial by 136.8% during the 1st quarter. Blue Trust Inc. now owns 779 shares of the company’s stock valued at $51,000 after purchasing an additional 450 shares during the period. Finally, Larson Financial Group LLC boosted its position in Ferrovial by 240.2% during the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after purchasing an additional 687 shares during the period. Institutional investors and hedge funds own 22.28% of the company’s stock.

Ferrovial Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Ferrovial (NASDAQ:FER)

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