Ferrovial becomes preferred bidder on D35 project while Ferrovial stock costs EUR 45.41

Published on 10/15/2026 at 10:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA cut its target from EUR 67.00 to EUR 60.00 on October 12, 2026. Ferrovial stock costs EUR 45.41 on October 15, 2026.

D35 bid and target cut

Ferrovial became preferred bidder for the D35 project on October 6, 2026, valued at EUR 2.90 billion.
BofA cut its target from EUR 67.00 to EUR 60.00 on October 12, 2026.
Ferrovial stock trades at EUR 45.41 at 10:38 a.m. CEST at Lang & Schwarz on October 15, 2026.

Fotorealistische Autobahn-Flughafen-Szene zu Ferrovial SE, ISIN NL0015001IX2, Infrastruktur — Fotorealistische Autobahnbrücke und moderner Flughafen zeigen anschaulich Ferrovial SE, ISIN NL0015001IX2, führenden Infrastrukturkonzern der Branche, Illustration mit AI erstellt.

Ferrovial stock costs EUR 45.41 at Lang & Schwarz on October 15, 2026 at 10:38 a.m. CEST. The company became preferred bidder for a EUR 2.90 billion Czech highway project on October 6, 2026, according to Ferrovial.

Three projects set the chronology

On September 16, 2026, Ferrovial highlighted autonomous machinery for airport construction in a company release. On September 30, 2026, it announced the commercial close of the I-24 Southeast Choice Lanes project in Tennessee. On October 6, 2026, its Cintra and Budimex units joined the consortium selected for the D35 highway project, which covers 35.4 kilometers and includes design, financing, construction, operation and maintenance, according to Ferrovial and Ferrovial.

What does the target cut mean?

The valuation debate is sharper after Bank of America lowered its Ferrovial target from EUR 67.00 to EUR 60.00 on October 12, 2026, while keeping a Buy rating, as reported by Markets Insider. The D35 concession is planned for 28 years from financial close, giving the project a long operating horizon but leaving construction and financing milestones ahead.

Two reporting dates are next

Ferrovial's investor calendar lists the 407 ETR nine-month results for October 21, 2026 and Ferrovial's nine-month results for October 27, 2026, with the conference call scheduled for October 28, 2026, according to Ferrovial.

Revenue provides the wider scale

Ferrovial's investor-relations page reports EUR 9.60 billion of revenue and EUR 5.10 billion of total liquidity for fiscal year 2025. It also lists EUR 40.60 billion of capitalization for 2025, placing the D35 project within a group with substantial reported scale.

Stock price and project scale

Ferrovial stock was trading at EUR 45.41 at Lang & Schwarz on October 15, 2026 at 10:38 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Ferrovial stock.