Ferrovial SE (NASDAQ:FER) Given Average Recommendation of “Hold” by Analysts

Shares of Ferrovial SE (NASDAQ:FER) have been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $70.4650.

FER has been the subject of a number of research reports. Zacks Research upgraded Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Citigroup cut 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 report on Wednesday, May 27th. Finally, Weiss Ratings downgraded shares of Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th.

Ferrovial Trading Down 1.7%

Shares of NASDAQ:FER opened at $65.39 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09. The stock has a 50 day moving average price of $66.23 and a 200-day moving average price of $67.75. Ferrovial has a 52-week low of $52.12 and a 52-week high of $74.79.

Ferrovial Dividend Announcement

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

Institutional Investors Weigh In On Ferrovial

A number of hedge funds and other institutional investors have recently bought and sold shares of FER. GF Fund Management CO. LTD. bought a new stake in Ferrovial in the fourth quarter worth $10,000,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Ferrovial during the fourth quarter valued at $14,833,000. Bank of Italy raised its position in shares of Ferrovial by 20.8% in the 4th quarter. Bank of Italy now owns 2,663,198 shares of the company’s stock worth $173,173,000 after purchasing an additional 459,192 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in Ferrovial in the 3rd quarter worth about $11,007,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in Ferrovial in the 4th quarter worth about $8,270,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Ferrovial Company Profile

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.