Ferrovial SE (NASDAQ:FER) Receives $73.12 Average Target Price from Analysts
by Doug Wharley · The Cerbat GemFerrovial SE (NASDAQ:FER – Get Free Report) has earned an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $73.1150.
FER has been the subject of several analyst reports. Weiss Ratings lowered Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a report on Thursday, March 5th. Jefferies Financial Group lowered Ferrovial from a “buy” rating to a “hold” rating and increased their price objective for the company from $70.42 to $70.93 in a report on Monday, March 9th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ferrovial in a report on Wednesday, January 7th.
Read Our Latest Research Report on FER
Institutional Trading of Ferrovial
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC lifted its holdings in shares of Ferrovial by 40,717,866.7% during the 3rd quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock valued at $1,258,865,000 after purchasing an additional 21,987,648 shares during the last quarter. Amundi lifted its holdings in shares of Ferrovial by 87.0% during the 3rd quarter. Amundi now owns 21,528,574 shares of the company’s stock valued at $1,297,312,000 after purchasing an additional 10,016,475 shares during the last quarter. TCI Fund Management Ltd. lifted its holdings in shares of Ferrovial by 6.5% during the 4th quarter. TCI Fund Management Ltd. now owns 20,740,214 shares of the company’s stock valued at $1,348,163,000 after purchasing an additional 1,269,548 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Ferrovial by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 20,699,246 shares of the company’s stock valued at $1,341,125,000 after purchasing an additional 354,530 shares during the last quarter. Finally, Algebris UK Ltd. acquired a new position in shares of Ferrovial in the 4th quarter valued at $839,930,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.
Ferrovial Stock Performance
Ferrovial stock opened at $69.09 on Wednesday. The business has a fifty day moving average of $68.29 and a two-hundred day moving average of $66.66. 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 has a twelve month low of $47.85 and a twelve month high of $74.79.
Ferrovial (NASDAQ:FER – Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.32 EPS for the quarter. The business had revenue of $3.19 billion for the quarter.
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.