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

Shares of Ferrovial SE (NASDAQ:FER) have earned an average recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $70.4650.

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

Ferrovial Stock Performance

Shares of FER opened at $64.28 on Monday. Ferrovial has a 12 month low of $50.72 and a 12 month high of $74.79. The firm has a fifty day simple moving average of $67.91 and a 200 day simple moving average of $68.01. 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 declared a dividend, which was paid on Monday, June 15th. Shareholders of record on Tuesday, May 19th were paid a $0.5578 dividend. The ex-dividend date was Tuesday, May 19th.

Institutional Investors Weigh In On Ferrovial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of Ferrovial by 2.0% in the first quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock valued at $564,000 after buying an additional 246 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Ferrovial by 880.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company’s stock worth $2,204,000 after acquiring an additional 47,892 shares in the last quarter. Jane Street Group LLC lifted its stake in Ferrovial by 346.5% in the first 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 acquired a new stake in Ferrovial in the second quarter valued at $310,000. Finally, Marshall Wace LLP grew its position 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 period. Institutional investors 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.