Ferrovial SE (NASDAQ:FER) Stock Has Consensus Price Target of $70.47 According to Brokerages

Shares of Ferrovial SE (NASDAQ:FER) have been given a consensus recommendation of “Hold” by the ten analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $70.47.

A number of research analysts have weighed in on the company. Weiss Ratings downgraded Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Kepler Capital Markets downgraded Ferrovial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a research report on Tuesday, September 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Ferrovial in a research report on Tuesday, October 6th. Finally, Zacks Research cut shares of Ferrovial from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th.

Institutional Trading of Ferrovial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FER. Amundi boosted its stake in shares of Ferrovial by 39.7% during the 1st 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 during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Ferrovial by 21.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,310,950 shares of the company’s stock worth $149,882,000 after purchasing an additional 408,456 shares in the last quarter. Swiss National Bank raised its holdings in Ferrovial by 26.8% in the 1st quarter. Swiss National Bank now owns 1,778,470 shares of the company’s stock worth $113,643,000 after purchasing an additional 375,590 shares during the period. J. Safra Sarasin Holding AG raised its holdings in Ferrovial by 1.9% in the 1st quarter. J. Safra Sarasin Holding AG now owns 1,074,671 shares of the company’s stock worth $68,623,000 after purchasing an additional 20,101 shares during the period. Finally, Maryland State Retirement & Pension System lifted its position in Ferrovial by 7.2% during the first quarter. Maryland State Retirement & Pension System now owns 593,034 shares of the company’s stock valued at $38,012,000 after purchasing an additional 39,694 shares in the last quarter. 22.28% of the stock is owned by hedge funds and other institutional investors.

Ferrovial Trading Up 0.4%

NASDAQ:FER opened at $50.56 on Wednesday. Ferrovial has a 12 month low of $49.43 and a 12 month high of $74.79. The company has a quick ratio of 1.09, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. The company has a 50 day simple moving average of $57.97 and a two-hundred day simple moving average of $64.01.

About Ferrovial

Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other public infrastructure assets. Its activities include toll roads, managed lanes, airports, energy infrastructure and infrastructure services. The company participates in projects across the United States, Canada, Spain, the United Kingdom, Poland and other international markets.

Ferrovial’s highways business focuses on the development and operation of toll roads and express lanes under long-term concession agreements.