Ferrovial SE (NASDAQ:FER) Receives Average Rating of “Moderate Buy” from Analysts

Ferrovial SE (NASDAQ:FER) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat reports. Three research 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 analysts that have updated their coverage on the stock in the last year is $75.30.

Several equities research analysts have issued reports on the stock. Citigroup reiterated a “buy” rating and set a $75.30 price objective (up previously from $72.10) on shares of Ferrovial in a research report on Friday, December 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ferrovial in a research report on Monday, November 3rd. 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 reissued an “overweight” rating on shares of Ferrovial in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Ferrovial in a report on Wednesday, October 8th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FER. EverSource Wealth Advisors LLC increased its position in shares of Ferrovial by 118.6% during the third quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock worth $39,000 after buying an additional 364 shares during the period. Larson Financial Group LLC lifted its holdings 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 during the period. Wilmington Savings Fund Society FSB bought a new stake in Ferrovial during the third quarter valued at $66,000. Credit Industriel ET Commercial acquired a new stake in Ferrovial during the 3rd quarter worth about $72,000. Finally, AlphaCore Capital LLC bought a new position in shares of Ferrovial in the 2nd quarter worth about $83,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Ferrovial Stock Down 1.6%

NASDAQ:FER opened at $66.35 on Monday. The business has a 50 day moving average price of $65.19 and a two-hundred day moving average price of $59.39. Ferrovial has a twelve month low of $40.07 and a twelve month high of $68.09.

Ferrovial Announces Dividend

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

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.