Ferrovial SE (NASDAQ:FER) Given Consensus Recommendation of “Hold” by Brokerages

Ferrovial SE (NASDAQ:FER – Get Free Report) has received an average recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $73.1150.

FER has been the subject of several research analyst reports. Jefferies Financial Group lowered Ferrovial from a “buy” rating to a “hold” rating and raised their price target for the stock from $70.42 to $70.93 in a research report on Monday, March 9th. Weiss Ratings lowered Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. Finally, Zacks Research upgraded Ferrovial to a “hold” rating in a research report on Tuesday, May 19th.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AlphaCore Capital LLC grew its stake in Ferrovial by 3.2% during the 4th quarter. AlphaCore Capital LLC now owns 6,357 shares of the company’s stock worth $411,000 after purchasing an additional 197 shares in the last quarter. Drive Wealth Management LLC grew its stake in Ferrovial by 5.4% during the 4th quarter. Drive Wealth Management LLC now owns 3,983 shares of the company’s stock worth $257,000 after purchasing an additional 203 shares in the last quarter. ProShare Advisors LLC grew its stake in Ferrovial by 0.4% during the 3rd quarter. ProShare Advisors LLC now owns 52,209 shares of the company’s stock worth $2,990,000 after purchasing an additional 206 shares in the last quarter. MML Investors Services LLC grew its stake in Ferrovial by 3.4% during the 4th quarter. MML Investors Services LLC now owns 6,887 shares of the company’s stock worth $445,000 after purchasing an additional 226 shares in the last quarter. Finally, Hancock Whitney Corp grew its stake in Ferrovial by 1.6% during the 3rd quarter. Hancock Whitney Corp now owns 14,394 shares of the company’s stock worth $843,000 after purchasing an additional 230 shares in the last quarter. 22.28% of the stock is owned by institutional investors and hedge funds.

Ferrovial Stock Down 1.3%

FER opened at $67.48 on Friday. Ferrovial has a 52 week low of $50.10 and a 52 week high of $74.79. The business has a fifty day simple moving average of $67.48 and a 200-day simple moving average of $67.36. 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 (NASDAQ:FER – Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The firm had revenue of $3.19 billion for the quarter. On average, equities analysts predict that Ferrovial will post 1.44 earnings per share for the current year.

Ferrovial Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, June 15th. Investors of record on Tuesday, May 19th will be paid a dividend of $0.5578 per share. The ex-dividend date of this dividend is Tuesday, May 19th.

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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