Goldman Sachs Keeps Their Buy Rating on Ferrovial (0P2N)

Goldman Sachs analyst Patrick Creuset reiterated a Buy rating on Ferrovial today and set a price target of €55.00. The company’s shares closed last Friday at €52.14.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Creuset covers the Industrials sector, focusing on stocks such as DSV A/S, GXO Logistics, and EasyJet. According to TipRanks, Creuset has an average return of 3.0% and a 60.65% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ferrovial with a €51.89 average price target, implying a -0.49% downside from current levels. In a report released on October 9, Bank of America Securities also reiterated a Buy rating on the stock with a €53.00 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.