Ferrovial (NASDAQ:FER) Shares Gap Down – What’s Next?
by Renee Jackson · The Cerbat GemFerrovial SE (NASDAQ:FER – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $67.46, but opened at $65.74. Ferrovial shares last traded at $65.8590, with a volume of 168,467 shares changing hands.
Analysts Set New Price Targets
A number of equities analysts have issued reports on FER shares. Weiss Ratings restated a “buy (b+)” rating on shares of Ferrovial in a research report on Wednesday, October 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a research report on Wednesday. Citigroup reiterated a “buy” rating and issued a $75.30 price objective (up previously from $72.10) on shares of Ferrovial in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ferrovial in a research note on Monday, November 3rd. Finally, Sanford C. Bernstein cut shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $75.30.
View Our Latest Research Report on Ferrovial
Ferrovial Stock Performance
The company’s 50-day moving average is $65.09 and its 200-day moving average is $59.19.
Ferrovial Dividend Announcement
The company also recently disclosed a special dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 5th were issued a $0.077 dividend. The ex-dividend date was Friday, December 5th.
Institutional Investors Weigh In On Ferrovial
Large investors have recently modified their holdings of the stock. Altfest L J & Co. Inc. increased its stake in Ferrovial by 0.9% in the 3rd quarter. Altfest L J & Co. Inc. now owns 18,426 shares of the company’s stock valued at $1,080,000 after purchasing an additional 165 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Ferrovial by 0.4% in the third quarter. ProShare Advisors LLC now owns 52,209 shares of the company’s stock valued at $2,990,000 after purchasing an additional 206 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Ferrovial by 2.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,693 shares of the company’s stock worth $412,000 after purchasing an additional 214 shares during the last quarter. Hancock Whitney Corp grew its holdings in Ferrovial by 1.6% during the 3rd quarter. Hancock Whitney Corp now owns 14,394 shares of the company’s stock valued at $843,000 after buying an additional 230 shares during the last quarter. Finally, Ensign Peak Advisors Inc increased its position in Ferrovial by 0.7% during the second quarter. Ensign Peak Advisors Inc now owns 33,520 shares of the company’s stock worth $1,781,000 after buying an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 22.28% of the company’s stock.
About Ferrovial
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.