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

Shares of Ferrovial SE (NASDAQ:FER) have been given an average recommendation of “Hold” by the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $70.4650.

Several research analysts have weighed in on FER shares. Zacks Research lowered shares of Ferrovial from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a report on Tuesday. Kepler Capital Markets downgraded shares of Ferrovial from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 17th. Citigroup cut Ferrovial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. Finally, Weiss Ratings upgraded Ferrovial from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th.

Ferrovial Stock Down 1.8%

NASDAQ FER opened at $55.28 on Friday. The stock has a fifty day simple moving average of $61.12 and a 200-day simple moving average of $65.16. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. Ferrovial has a twelve month low of $53.91 and a twelve month high of $74.79.

Hedge Funds Weigh In On Ferrovial

Institutional investors have recently bought and sold shares of the company. Cullen Frost Bankers Inc. lifted its position in shares of Ferrovial by 80.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock worth $38,000 after purchasing an additional 262 shares in the last quarter. Blue Trust Inc. increased its stake in Ferrovial by 136.8% during the 1st quarter. Blue Trust Inc. now owns 779 shares of the company’s stock worth $51,000 after buying an additional 450 shares during the period. Larson Financial Group LLC lifted its holdings in Ferrovial by 30.9% during the 4th quarter. Larson Financial Group LLC now owns 1,274 shares of the company’s stock worth $82,000 after buying an additional 301 shares in the last quarter. Leonteq Securities AG purchased a new position in Ferrovial in the 4th quarter valued at approximately $88,000. Finally, EverSource Wealth Advisors LLC boosted its position in Ferrovial by 114.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,441 shares of the company’s stock valued at $93,000 after buying an additional 770 shares during the period. 22.28% of the stock is owned by institutional investors and hedge funds.

Ferrovial Company Profile

Ferrovial SE is a global infrastructure company that develops, operates and manages transportation and mobility assets. Its activities include toll roads and other managed-lane highways, airports, infrastructure construction, and energy and mobility projects. Through its businesses, the company participates in the financing, design, construction, operation and maintenance of large-scale infrastructure.

The company’s highway activities are conducted primarily through Cintra, which operates and manages concession-based road projects.