Ferrovial (NASDAQ:FER) Upgraded to “Hold” at Citigroup

Ferrovial (NASDAQ:FER) was upgraded by analysts at Citigroup to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Zacks Research upgraded Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Weiss Ratings cut Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a report on Thursday, March 5th. Finally, Jefferies Financial Group cut Ferrovial from a “buy” rating to a “hold” rating and increased their target price for the stock from $70.42 to $70.93 in a report on Monday, March 9th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ferrovial has a consensus rating of “Hold” and an average price target of $70.47.

Ferrovial Trading Up 0.2%

Shares of FER stock opened at $69.52 on Wednesday. The stock’s fifty day moving average is $67.76 and its 200-day moving average is $67.50. 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 has a 52 week low of $50.10 and a 52 week high of $74.79.

Ferrovial (NASDAQ:FER) last announced its earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The business had revenue of $3.19 billion for the quarter. As a group, sell-side analysts forecast that Ferrovial will post 1.44 EPS for the current year.

Hedge Funds Weigh In On Ferrovial

Hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in Ferrovial by 1,089.1% in the fourth quarter. Signaturefd LLC now owns 547 shares of the company’s stock valued at $35,000 after acquiring an additional 501 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Ferrovial by 80.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after acquiring an additional 262 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Ferrovial by 118.6% in the third quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after acquiring an additional 364 shares during the last quarter. Blue Trust Inc. boosted its holdings in Ferrovial by 136.8% in the first quarter. Blue Trust Inc. now owns 779 shares of the company’s stock valued at $51,000 after acquiring an additional 450 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Ferrovial by 240.2% in the third quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after acquiring an additional 687 shares during the last quarter. 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.