Brokerages Set Ferrovial SE (NASDAQ:FER) Target Price at $73.12

Ferrovial SE (NASDAQ:FER) has been given an average rating of “Hold” by the seven research firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $73.1150.

Several analysts have recently issued reports on the stock. Citigroup reissued a “buy” rating and issued a $75.30 price target (up from $72.10) on shares of Ferrovial in a research report on Friday, December 19th. Sanford C. Bernstein downgraded shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Weiss Ratings lowered shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Jefferies Financial Group cut shares of Ferrovial from a “buy” rating to a “hold” rating and boosted their target price for the company from $70.42 to $70.93 in a report on Monday, March 9th. Finally, Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a research report on Wednesday, January 7th.

Ferrovial Stock Performance

Shares of FER opened at $62.24 on Friday. The business has a 50-day moving average of $68.33 and a 200 day moving average of $65.17. Ferrovial has a fifty-two week low of $40.46 and a fifty-two week high of $74.79. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.13 and a quick ratio of 1.05.

Ferrovial (NASDAQ:FER) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The business had revenue of $3.19 billion for the quarter. Analysts forecast that Ferrovial will post 0.72 earnings per share for the current fiscal year.

Institutional Trading of Ferrovial

Institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC grew its holdings in Ferrovial by 1.9% during the 2nd quarter. Hsbc Holdings PLC now owns 25,386,224 shares of the company’s stock valued at $1,348,444,000 after buying an additional 472,349 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Ferrovial by 40,717,866.7% in the third quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock worth $1,258,865,000 after buying an additional 21,987,648 shares in the last quarter. Amundi lifted its holdings in shares of Ferrovial by 87.0% in the third quarter. Amundi now owns 21,528,574 shares of the company’s stock worth $1,297,312,000 after buying an additional 10,016,475 shares in the last quarter. TCI Fund Management Ltd. boosted its position in shares of Ferrovial by 6.5% in the fourth quarter. TCI Fund Management Ltd. now owns 20,740,214 shares of the company’s stock valued at $1,348,163,000 after acquiring an additional 1,269,548 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Ferrovial by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 20,699,246 shares of the company’s stock valued at $1,341,125,000 after acquiring an additional 354,530 shares during the period. Hedge funds and other institutional investors own 22.28% of the company’s stock.

About Ferrovial

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.