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

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

A number of other brokerages have also commented on FER. Zacks Research upgraded Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Jefferies Financial Group lowered Ferrovial from a “buy” rating to a “hold” rating and upped their target price for the company from $70.42 to $70.93 in a research note on Monday, March 9th. Finally, Weiss Ratings lowered Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $70.47.

Ferrovial Price Performance

Shares of FER stock opened at $69.52 on Wednesday. Ferrovial has a 12 month low of $50.10 and a 12 month high of $74.79. The stock has a 50 day moving average of $67.76 and a 200-day moving average of $67.50. The company has a current ratio of 1.13, a quick ratio of 1.05 and a debt-to-equity ratio of 1.25.

Ferrovial (NASDAQ:FER) last issued its 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. Research analysts predict that Ferrovial will post 1.44 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FER. Lazard Asset Management LLC raised its stake in Ferrovial by 40,717,866.7% during the third quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock worth $1,258,865,000 after acquiring an additional 21,987,648 shares in the last quarter. Algebris UK Ltd. acquired a new position in Ferrovial during the fourth quarter worth $839,930,000. Amundi raised its stake in Ferrovial by 87.0% during the third quarter. Amundi now owns 21,528,574 shares of the company’s stock worth $1,297,312,000 after acquiring an additional 10,016,475 shares in the last quarter. Norges Bank acquired a new position in Ferrovial during the fourth quarter worth $605,204,000. Finally, Credit Agricole S A acquired a new position in Ferrovial during the third quarter worth $343,371,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

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.