Ferrovial (NASDAQ:FER) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Ferrovial (NASDAQ:FER) to a hold rating in a report published on Tuesday,Zacks.com reports.

FER has been the subject of several other reports. Weiss Ratings downgraded Ferrovial from a “buy (b+)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. Jefferies Financial Group downgraded Ferrovial from a “buy” rating to a “hold” rating and lifted their target price for the stock from $70.42 to $70.93 in a research report on Monday, March 9th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $73.12.

Ferrovial Price Performance

Shares of FER opened at $67.41 on Tuesday. The business has a fifty day moving average of $67.39 and a 200 day moving average of $67.31. Ferrovial has a 52-week low of $50.10 and a 52-week high of $74.79. 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 (NASDAQ:FER) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $3.19 billion during the quarter. On average, research analysts predict that Ferrovial will post 1.44 EPS for the current fiscal year.

Ferrovial Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 15th. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.5578 per share. The ex-dividend date is Tuesday, May 19th.

Institutional Trading of Ferrovial

Several institutional investors and hedge funds have recently made changes to their positions in FER. Lazard Asset Management LLC raised its holdings in shares of Ferrovial by 40,717,866.7% in the third quarter. Lazard Asset Management LLC now owns 21,987,702 shares of the company’s stock valued at $1,258,865,000 after acquiring an additional 21,987,648 shares in the last quarter. Algebris UK Ltd. bought a new stake in shares of Ferrovial in the fourth quarter valued at about $839,930,000. Amundi raised its holdings in shares of Ferrovial by 87.0% in the third quarter. Amundi now owns 21,528,574 shares of the company’s stock valued at $1,297,312,000 after acquiring an additional 10,016,475 shares in the last quarter. Norges Bank bought a new stake in shares of Ferrovial in the fourth quarter valued at about $605,204,000. Finally, Credit Agricole S A bought a new stake in shares of Ferrovial in the third quarter valued at about $343,371,000. 22.28% of the stock is currently owned by institutional investors.

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.