Ferrovial SE (NASDAQ:FER) Receives Average Rating of “Hold” from Brokerages

Ferrovial SE (NASDAQ:FER) has earned an average rating of “Hold” from the nine analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $70.47.

Several research firms have commented on FER. Kepler Capital Markets lowered shares of Ferrovial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 17th. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a report on Tuesday. UBS Group cut shares of Ferrovial from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 26th. Weiss Ratings raised shares of Ferrovial from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Finally, Zacks Research lowered Ferrovial from a “hold” rating to a “strong sell” rating in a research report on Friday, August 14th.

Ferrovial Stock Up 0.8%

NASDAQ FER opened at $55.83 on Friday. The stock has a 50 day moving average price of $60.80 and a 200-day moving average price of $65.02. Ferrovial has a one year low of $53.91 and a one year high of $74.79. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39.

Hedge Funds Weigh In On Ferrovial

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cullen Frost Bankers Inc. raised its holdings in Ferrovial by 80.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after buying an additional 262 shares during the period. Larson Financial Group LLC raised its stake in shares of Ferrovial by 30.9% in the fourth quarter. Larson Financial Group LLC now owns 1,274 shares of the company’s stock valued at $82,000 after acquiring an additional 301 shares during the period. Groupama Asset Managment raised its stake in shares of Ferrovial by 2.6% in the fourth quarter. Groupama Asset Managment now owns 11,878 shares of the company’s stock valued at $767,000 after acquiring an additional 302 shares during the period. Blue Trust Inc. lifted its holdings in shares of Ferrovial by 136.8% in the 1st quarter. Blue Trust Inc. now owns 779 shares of the company’s stock worth $51,000 after acquiring an additional 450 shares during the last quarter. Finally, Athena Wealth Management LLC boosted its position in shares of Ferrovial by 10.9% during the first quarter. Athena Wealth Management LLC now owns 4,684 shares of the company’s stock valued at $305,000 after buying an additional 462 shares during the period. Hedge funds and other institutional investors own 22.28% of the company’s stock.

About Ferrovial

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.