Ferrovial SE (NASDAQ:FER) Receives Average Recommendation of “Hold” from Brokerages

Ferrovial SE (NASDAQ:FERGet Free Report) has been given an average rating of “Hold” by the seven research firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $70.4650.

Several research firms have commented on FER. Citigroup lowered shares of Ferrovial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. Zacks Research raised shares of Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings lowered shares of Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday.

Check Out Our Latest Stock Analysis on Ferrovial

Institutional Trading of Ferrovial

Several institutional investors have recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. bought a new position in shares of Ferrovial during the fourth quarter valued at approximately $10,000,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Ferrovial during the 4th quarter worth approximately $14,833,000. Bank of Italy lifted its stake in shares of Ferrovial by 20.8% during the 4th quarter. Bank of Italy now owns 2,663,198 shares of the company’s stock worth $173,173,000 after acquiring an additional 459,192 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in Ferrovial during the 3rd quarter valued at $11,007,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in Ferrovial during the 4th quarter valued at $8,270,000. Institutional investors own 22.28% of the company’s stock.

Ferrovial Stock Performance

NASDAQ:FER opened at $65.12 on Friday. The stock’s fifty day moving average is $66.48 and its 200 day moving average is $67.81. Ferrovial has a fifty-two week low of $50.72 and a fifty-two week high of $74.79. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.05 and a current ratio of 1.20.

Ferrovial Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, June 15th. Investors of record on Tuesday, May 19th were given a $0.5578 dividend. The ex-dividend date of this dividend was Tuesday, May 19th.

About Ferrovial

(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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