Ferrovial is chosen for USD 8.9 billion project. BofA cuts target for Ferrovial stock to EUR 60

Published on 10/19/2026 at 10:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ferrovial stock costs EUR 43.37 on October 19, 2026, above its EUR 42.77 low. Fiscal 2025 revenue was EUR 9.6 billion, with EUR 5.1 billion liquidity.

Atlanta project and analyst target

Ferrovial was selected for an USD 8.9 billion Atlanta project on October 15, 2026.
Bank of America Securities set a EUR 60.00 target on October 16, 2026 after cutting it from EUR 67.00.
Ferrovial stock traded at EUR 43.37 at 10:08 a.m. CEST at Lang & Schwarz on October 19, 2026.
Ferrovial will publish 9M 2026 results on October 27, 2026.

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Ferrovial (ISIN NL0015001FS8) was selected for the USD 8.9 billion I-285 East Express Lanes project in Greater Atlanta, while its stock traded at EUR 43.37 at Lang & Schwarz on October 19, 2026 at 10:08 a.m. CEST. The infrastructure group disclosed the project on October 15, 2026, and Bank of America Securities cut its price target from EUR 67.00 to EUR 60.00 on October 16, 2026.

Atlanta adds a major project

According to Ferrovial, the company-led Top End Mobility Group will finance, design, build, operate and maintain Phase 1. That phase covers 21 miles of express lanes, while all planned phases could reach 37.5 miles in each direction. The construction value is USD 8.9 billion.

The award follows two other dated developments. On September 30, 2026, Ferrovial announced the commercial close of the I-24 Southeast Choice Lanes project in Tennessee. On October 6, 2026, its consortium became preferred bidder for the EUR 2.90 billion D35 highway public-private partnership in the Czech Republic, according to Ferrovial. The Georgia selection on October 15, 2026, is the latest of the three events.

What does the target cut mean?

Markets Insider reported that Bank of America Securities retained a Buy rating while lowering the target to EUR 60.00 from EUR 67.00. The latest target is EUR 16.63 above the Lang & Schwarz price, but the cut shows that project risk remains part of the valuation debate.

Ferrovial's investor-relations page lists EUR 9.6 billion of fiscal 2025 revenue, EUR 40.6 billion of capitalization and EUR 5.1 billion of total liquidity. The figures provide a dated operating and balance-sheet backdrop for the new project pipeline, rather than a forecast for the 2026 results.

When are the next results?

Ferrovial's investor calendar lists the 407 ETR nine-month results release for October 21, 2026 and Ferrovial's own nine-month 2026 results release for October 27, 2026. The company also schedules its results conference call and webcast for October 28, 2026, according to Ferrovial.

Stock valuation stays event-driven

For investors, the next results date and the execution profile of the Atlanta and Czech projects are the clearest scheduled reference points. Ferrovial stock was trading at EUR 43.37 at Lang & Schwarz on October 19, 2026 at 10:08 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Ferrovial stock.