Analysts Set Ferrovial SE (NASDAQ:FER) PT at $73.12

Ferrovial SE (NASDAQ:FER) has received an average rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $73.1150.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FER. Royal Bank of Canada increased its position in shares of Ferrovial by 2.0% during the 1st quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock valued at $564,000 after purchasing an additional 246 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Ferrovial by 880.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company’s stock valued at $2,204,000 after buying an additional 47,892 shares in the last quarter. Jane Street Group LLC grew its holdings in Ferrovial by 346.5% during the first quarter. Jane Street Group LLC now owns 24,238 shares of the company’s stock worth $1,080,000 after acquiring an additional 18,809 shares during the period. Geode Capital Management LLC grew its holdings in Ferrovial by 0.4% during the second quarter. Geode Capital Management LLC now owns 605,725 shares of the company’s stock worth $32,449,000 after acquiring an additional 2,682 shares during the period. Finally, SG Americas Securities LLC raised its position in Ferrovial by 93.4% in the second quarter. SG Americas Securities LLC now owns 6,830 shares of the company’s stock worth $366,000 after acquiring an additional 3,298 shares in the last quarter. 22.28% of the stock is currently owned by institutional investors.

Ferrovial Stock Up 3.0%

Ferrovial stock opened at $67.02 on Friday. Ferrovial has a 52-week low of $40.46 and a 52-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. The firm has a 50-day moving average price of $68.31 and a two-hundred day moving average price of $65.23.

Ferrovial (NASDAQ:FER) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The firm had revenue of $3.19 billion during the quarter. As a group, equities analysts predict that Ferrovial will post 0.72 earnings per share for the current fiscal year.

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.