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

Key Points

• Ferrovial has a consensus “Hold” rating from nine analysts: six holds, two buys and one sell. The average 12-month price target is $70.47, above the latest share price of $55.04.
• Recent analyst sentiment has weakened, with UBS, Citigroup and Kepler Capital Markets downgrading the stock, while Zacks Research moved its rating to “strong sell.” Citigroup also cut its price target from $75.30 to $70.00.
• Institutional investors own 22.28% of Ferrovial, with Amundi, Banco Santander and Barclays among firms that recently increased their holdings. The stock is near its 52-week low of $53.91 and below its 50-day and 200-day moving averages.

Shares of Ferrovial SE (NASDAQ:FER - Get Free Report) have received an average recommendation of "Hold" from the nine research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $70.4650.

FER has been the subject of several recent analyst reports. Weiss Ratings raised shares of Ferrovial from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 26th. UBS Group downgraded shares of Ferrovial from a "buy" rating to a "neutral" rating in a research report on Wednesday, August 26th. Citigroup lowered shares of Ferrovial from a "buy" rating to a "neutral" rating and cut their target price for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. Zacks Research cut shares of Ferrovial from a "hold" rating to a "strong sell" rating in a report on Friday, August 14th. Finally, Kepler Capital Markets downgraded shares of Ferrovial from a "strong-buy" rating to a "hold" rating in a research note on Thursday.

Institutional Trading of Ferrovial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amundi boosted its holdings in Ferrovial by 39.7% in the first quarter. Amundi now owns 15,301,820 shares of the company's stock worth $995,383,000 after acquiring an additional 4,351,267 shares in the last quarter. Algebris UK Ltd. acquired a new stake in Ferrovial in the fourth quarter valued at approximately $839,930,000. Banco Santander S.A. increased its holdings in shares of Ferrovial by 150.2% during the fourth quarter. Banco Santander S.A. now owns 9,678,404 shares of the company's stock valued at $625,322,000 after acquiring an additional 5,810,276 shares in the last quarter. Norges Bank acquired a new position in shares of Ferrovial during the fourth quarter worth approximately $605,204,000. Finally, Barclays PLC raised its position in shares of Ferrovial by 75.0% during the fourth quarter. Barclays PLC now owns 7,809,502 shares of the company's stock worth $504,572,000 after purchasing an additional 3,345,735 shares during the period. 22.28% of the stock is owned by institutional investors.

Ferrovial Price Performance

Shares of FER stock opened at $55.04 on Friday. Ferrovial has a fifty-two week low of $53.91 and a fifty-two week high of $74.79. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. The stock has a 50 day simple moving average of $61.60 and a two-hundred day simple moving average of $65.48.

Ferrovial Company Profile

Ferrovial SE is a global infrastructure company that develops, operates and manages transportation and mobility assets. Its activities include toll roads and other managed-lane highways, airports, infrastructure construction, and energy and mobility projects. Through its businesses, the company participates in the financing, design, construction, operation and maintenance of large-scale infrastructure.

The company's highway activities are conducted primarily through Cintra, which operates and manages concession-based road projects.

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