Ferrovial SE (NASDAQ:FER) Receives $70.47 Consensus Price Target from Analysts

Ferrovial SE (NASDAQ:FER) has earned a consensus rating of “Hold” from the eight research firms that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $70.4650.

Several research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ferrovial in a research report on Tuesday, June 2nd. Citigroup cut Ferrovial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $75.30 to $70.00 in a report on Wednesday, May 27th. Jefferies Financial Group cut Ferrovial from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $70.42 to $70.93 in a report on Monday, March 9th. Finally, Zacks Research raised Ferrovial to a “hold” rating in a report on Tuesday, May 19th.

Ferrovial Stock Performance

FER opened at $68.73 on Thursday. Ferrovial has a fifty-two week low of $50.10 and a fifty-two week high of $74.79. The company has a current ratio of 1.13, a quick ratio of 1.05 and a debt-to-equity ratio of 1.25. The firm’s fifty day moving average price is $68.64 and its two-hundred day moving average price is $67.84.

Ferrovial (NASDAQ:FER) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $3.19 billion for the quarter. On average, equities analysts anticipate that Ferrovial will post 1.44 EPS for the current year.

Ferrovial Announces Dividend

The business also recently declared a dividend, which was paid on Monday, June 15th. Stockholders of record on Tuesday, May 19th were paid a $0.5578 dividend. The ex-dividend date of this dividend was Tuesday, May 19th.

Institutional Trading of Ferrovial

A number of institutional investors and hedge funds have recently modified their holdings of FER. Royal Bank of Canada increased its stake in shares of Ferrovial by 2.0% in the 1st quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock valued at $564,000 after acquiring an additional 246 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ferrovial by 880.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company’s stock valued at $2,204,000 after acquiring an additional 47,892 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Ferrovial by 346.5% in the 1st quarter. Jane Street Group LLC now owns 24,238 shares of the company’s stock valued at $1,080,000 after acquiring an additional 18,809 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Ferrovial in the 2nd quarter valued at about $310,000. Finally, Marshall Wace LLP increased its stake in shares of Ferrovial by 481.5% in the 2nd quarter. Marshall Wace LLP now owns 166,778 shares of the company’s stock valued at $8,934,000 after acquiring an additional 138,098 shares during the last quarter. 22.28% of the stock is owned by institutional investors.

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.