Brokerages Set Ferrovial SE (NASDAQ:FER) PT at $75.30

Ferrovial SE (NASDAQ:FER) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $75.30.

Several equities analysts have weighed in on FER shares. Morgan Stanley reissued an “overweight” rating on shares of Ferrovial in a report on Wednesday, January 7th. Weiss Ratings downgraded Ferrovial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, February 19th. Citigroup reissued a “buy” rating and issued a $75.30 price objective (up from $72.10) on shares of Ferrovial in a report on Friday, December 19th. Finally, Sanford C. Bernstein downgraded shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th.

Ferrovial Price Performance

Ferrovial stock opened at $67.25 on Tuesday. The firm has a 50 day moving average price of $69.19 and a 200-day moving average price of $63.99. Ferrovial has a twelve month low of $40.46 and a twelve month high of $74.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Generali Asset Management SPA SGR increased its stake in Ferrovial by 183.0% in the third quarter. Generali Asset Management SPA SGR now owns 46,617 shares of the company’s stock valued at $2,732,000 after acquiring an additional 30,143 shares during the last quarter. Exane Asset Management increased its position in shares of Ferrovial by 15,983.6% during the 3rd quarter. Exane Asset Management now owns 644,471 shares of the company’s stock valued at $36,939,000 after purchasing an additional 640,464 shares during the last quarter. Bank of Italy purchased a new position in shares of Ferrovial during the 3rd quarter valued at about $126,229,000. Swiss National Bank lifted its position in Ferrovial by 13.9% in the 2nd quarter. Swiss National Bank now owns 1,549,642 shares of the company’s stock worth $82,172,000 after buying an additional 188,879 shares during the last quarter. Finally, Triasima Portfolio Management inc. boosted its stake in Ferrovial by 178.9% in the third quarter. Triasima Portfolio Management inc. now owns 121,550 shares of the company’s stock worth $7,123,000 after buying an additional 77,965 shares in the last quarter. 22.28% of the stock is owned by institutional investors.

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.