Analysts Set Ferrovial SE (NASDAQ:FER) PT at $70.47

Shares of Ferrovial SE (NASDAQ:FER) have earned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $70.4650.

FER has been the subject of a number of recent analyst reports. Zacks Research raised Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Citigroup downgraded Ferrovial from a “buy” rating to a “neutral” rating and cut their target price for the company from $75.30 to $70.00 in a research note on Wednesday, May 27th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Ferrovial in a research report on Tuesday, June 2nd.

Ferrovial Stock Performance

NASDAQ FER opened at $64.28 on Monday. The company has a 50-day moving average price of $67.91 and a two-hundred day moving average price of $68.03. Ferrovial has a 52 week low of $50.72 and a 52 week high of $74.79. 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 Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 15th. Investors of record on Tuesday, May 19th were paid a dividend of $0.5578 per share. The ex-dividend date was Tuesday, May 19th.

Hedge Funds Weigh In On Ferrovial

A number of institutional investors and hedge funds have recently bought and sold shares of FER. GF Fund Management CO. LTD. bought a new stake in Ferrovial during the fourth quarter worth approximately $10,000,000. Korea Investment CORP boosted its stake in Ferrovial by 34.3% during the 3rd quarter. Korea Investment CORP now owns 317,488 shares of the company’s stock valued at $18,197,000 after purchasing an additional 81,016 shares in the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of Ferrovial during the 3rd quarter valued at $1,895,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Ferrovial during the 4th quarter valued at $14,833,000. Finally, J. Safra Sarasin Holding AG raised its stake in shares of Ferrovial by 3.5% in the 4th quarter. J. Safra Sarasin Holding AG now owns 1,054,570 shares of the company’s stock worth $68,544,000 after buying an additional 35,232 shares in the last quarter. Institutional investors own 22.28% of the company’s stock.

About Ferrovial

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.