UBS Sticks to Its Buy Rating for Ferrovial (0P2N)
In a report released today, Cristian Nedelcu from UBS maintained a Buy rating on Ferrovial, with a price target of €58.00. The company’s shares closed yesterday at €52.75.
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According to TipRanks, Nedelcu is a 4-star analyst with an average return of 7.6% and a 60.22% success rate. Nedelcu covers the Industrials sector, focusing on stocks such as Vinci SA, Ferrovial, and Flughafen Zurich AG.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ferrovial with a €53.26 average price target, which is a 0.97% upside from current levels. In a report released on October 13, Goldman Sachs also maintained a Buy rating on the stock with a €55.00 price target.
Based on Ferrovial’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €2.23 billion and a net profit of €270 million. In comparison, last year the company earned a revenue of €2.39 billion and had a net profit of €207 million
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0P2N in relation to earlier this year.
