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

Shares of Ferrovial SE (NASDAQ:FER) have been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $73.1150.

FER has been the subject of a number of research analyst reports. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a report on Wednesday, January 7th. Citigroup reissued a “buy” rating and set a $75.30 target price (up from $72.10) on shares of Ferrovial in a research report on Friday, December 19th. Weiss Ratings lowered shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research note on Thursday. Sanford C. Bernstein cut shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Finally, Jefferies Financial Group downgraded Ferrovial from a “buy” rating to a “hold” rating and upped their price objective for the company from $70.42 to $70.93 in a research note on Monday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FER. Caitong International Asset Management Co. Ltd purchased a new stake in Ferrovial in the 4th quarter worth about $140,000. Groupama Asset Managment lifted its holdings in Ferrovial by 2.6% during the fourth quarter. Groupama Asset Managment now owns 11,878 shares of the company’s stock valued at $767,000 after purchasing an additional 302 shares during the last quarter. Compound Planning Inc. boosted its position in Ferrovial by 11.0% during the fourth quarter. Compound Planning Inc. now owns 6,990 shares of the company’s stock worth $452,000 after purchasing an additional 695 shares during the period. Invesco Ltd. boosted its position in Ferrovial by 491.5% during the fourth quarter. Invesco Ltd. now owns 4,478,451 shares of the company’s stock worth $289,353,000 after purchasing an additional 3,721,377 shares during the period. Finally, Vident Advisory LLC purchased a new position in shares of Ferrovial in the fourth quarter worth about $296,000. Institutional investors own 22.28% of the company’s stock.

Ferrovial Trading Down 0.3%

NASDAQ FER opened at $65.93 on Tuesday. The business’s fifty day moving average is $69.23 and its 200-day moving average is $64.27. Ferrovial has a one year low of $40.46 and a one year high of $74.79.

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.