Analysts Set Ferrovial SE (NASDAQ:FER) PT at $75.30

Ferrovial SE (NASDAQ:FER) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $75.30.

Several equities analysts recently commented on FER shares. Sanford C. Bernstein cut shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, December 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Ferrovial in a research note on Wednesday, October 8th. Citigroup restated a “buy” rating and set a $75.30 price target (up from $72.10) on shares of Ferrovial in a research note on Friday, December 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ferrovial in a report on Monday, November 3rd.

Ferrovial Trading Down 0.2%

Shares of FER stock opened at $67.62 on Monday. Ferrovial has a 12 month low of $40.35 and a 12 month high of $68.09. The stock has a 50 day moving average of $65.44 and a 200-day moving average of $59.65.

Ferrovial Announces Dividend

The firm also recently announced a special dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 5th were given a dividend of $0.077 per share. The ex-dividend date was Friday, December 5th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its stake in shares of Ferrovial by 118.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock valued at $39,000 after purchasing an additional 364 shares in the last quarter. Larson Financial Group LLC boosted its position in Ferrovial by 240.2% in the third quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after buying an additional 687 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Ferrovial in the third quarter valued at about $66,000. Credit Industriel ET Commercial bought a new stake in Ferrovial during the third quarter worth about $72,000. Finally, AlphaCore Capital LLC acquired a new stake in shares of Ferrovial during the second quarter worth approximately $83,000. Institutional investors and hedge funds 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.