Ferrovial SE (NASDAQ:FER) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Ferrovial has a consensus “Hold” rating from seven analysts: four holds, two buys and one sell. The average 12-month price target is $70.47.
• Recent analyst sentiment has weakened, with Citigroup downgrading the stock to “neutral” and Zacks Research cutting its view to “strong sell”; Citigroup also reduced its target to $70.
• Ferrovial shares opened at $62.74, below their 50-day and 200-day moving averages of $65.68 and $67.46, respectively. Institutional investors and hedge funds own 22.28% of the company.

Shares of Ferrovial SE (NASDAQ:FER - Get Free Report) have been assigned an average recommendation of "Hold" from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $70.4650.

Several equities analysts have recently weighed in on FER shares. Weiss Ratings cut Ferrovial from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, July 29th. Citigroup lowered Ferrovial from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $75.30 to $70.00 in a report on Wednesday, May 27th. Finally, Zacks Research cut Ferrovial from a "hold" rating to a "strong sell" rating in a research report on Friday, August 14th.

Ferrovial Price Performance

Shares of NASDAQ:FER opened at $62.74 on Tuesday. The company's 50-day moving average price is $65.68 and its two-hundred day moving average price is $67.46. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09. Ferrovial has a one year low of $53.17 and a one year high of $74.79.

Institutional Investors Weigh In On Ferrovial

Large investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. increased its holdings in Ferrovial by 80.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company's stock worth $38,000 after buying an additional 262 shares during the last quarter. Blue Trust Inc. lifted its stake in Ferrovial by 136.8% in the first quarter. Blue Trust Inc. now owns 779 shares of the company's stock valued at $51,000 after acquiring an additional 450 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Ferrovial by 240.2% in the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company's stock valued at $57,000 after acquiring an additional 687 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Ferrovial in the 3rd quarter valued at about $66,000. Finally, J.Safra Asset Management Corp bought a new position in shares of Ferrovial in the 4th quarter valued at about $68,000. Institutional investors and hedge funds own 22.28% of the company's stock.

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.

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