Ferrovial (NASDAQ:FER) Cut to “Hold” at Jefferies Financial Group

Jefferies Financial Group cut shares of Ferrovial (NASDAQ:FER) from a buy rating to a hold rating in a report released on Monday morning, MarketBeat.com reports. Jefferies Financial Group currently has $70.93 target price on the stock, up from their prior target price of $70.42.

A number of other brokerages also recently commented on FER. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a research report on Wednesday, January 7th. Sanford C. Bernstein downgraded shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, December 10th. Citigroup reissued a “buy” rating and set a $75.30 target price (up from $72.10) on shares of Ferrovial in a research note on Friday, December 19th. Finally, Weiss Ratings cut shares of Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Ferrovial presently has an average rating of “Hold” and an average price target of $73.12.

Ferrovial Trading Down 0.5%

Shares of FER opened at $65.68 on Monday. Ferrovial has a fifty-two week low of $40.46 and a fifty-two week high of $74.79. The business’s 50-day moving average is $69.27 and its 200-day moving average is $64.35.

Hedge Funds Weigh In On Ferrovial

A number of hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in Ferrovial by 1,089.1% in the fourth quarter. Signaturefd LLC now owns 547 shares of the company’s stock valued at $35,000 after acquiring an additional 501 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of Ferrovial by 80.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after purchasing an additional 262 shares in the last quarter. EverSource Wealth Advisors LLC lifted 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 during the last quarter. Larson Financial Group LLC lifted its stake in shares of Ferrovial by 240.2% in the 3rd quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock valued at $57,000 after purchasing an additional 687 shares during the last quarter. Finally, J.Safra Asset Management Corp bought a new stake in Ferrovial in the fourth quarter worth $68,000. Institutional investors and hedge funds 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.