Ferrovial stock gains 1.32 percent as I-24 deal locks in 50 years

Published on 10/04/2026 at 12:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ferrovial stock gained 1.32 percent to USD 53.64 on October 2, 2026, after the group reached commercial close on a 50-year Tennessee concession. H1 revenue rose 5.2 percent to EUR 4.70 billion.

Börsenszene mit Sektorcharts symbolisiert Ferrovial SE, ISIN NL0015001IX2, Aktienhandel — Börsen-Editorialfoto mit Sektorcharts am belebten Handelsplatz repräsentiert Ferrovial SE, ISIN NL0015001IX2, notiert an Euronext Amsterdam, Illustration mit AI erstellt.

Ferrovial stock (ISIN NL0015001FS8) closed at USD 53.64 on Nasdaq on October 2, 2026, up 1.32 percent from the prior session. The company had reached commercial close on September 30, 2026, for the 50-year I-24 Southeast Choice Lanes concession in Tennessee, according to StockTitan.

50-year Tennessee concession

The Ferrovial-led DriveTN consortium will finance, design, build, operate and maintain new choice lanes under the concession. The project covers 26 miles in both directions between Nashville and Murfreesboro, linking a long-term toll-road asset with one of the company's main growth markets.

Ferrovial said the agreement followed Tennessee's selection of the consortium in August 2026 and described the project as the state's largest single capital investment and first public-private partnership. The 50-year term supports visibility beyond construction, but it also concentrates financing, delivery and traffic-demand exposure in one corridor.

Revenue grows while profit falls

Ferrovial's first-half 2026 revenue reached EUR 4.70 billion, up 5.2 percent from the first half of 2025, while adjusted earnings per share came to EUR 0.35 versus EUR 0.73 a year earlier, according to Simply Wall St.

The first-half operating picture was stronger in several concessions. In its first-half 2026 earnings call, Yahoo Finance reported that 407 ETR revenue increased 18.7 percent, while the construction order book reached EUR 18 billion, up 2.8 percent like for like from December 2025. That combination gives the I-24 award strategic weight, although reported profit remains more sensitive to asset-rotation gains and project costs.

Analysts keep a Hold view

MarketBeat shows a Hold consensus from 9 analysts, comprising 2 Buy ratings, 6 Hold ratings and 1 Sell rating. The average 12-month target is USD 70.47, with a high of USD 70.93 and a low of USD 70.00; the average target lies 31.37 percent above the USD 53.64 reference price.

Individual views remain differentiated. Markets Insider reported on September 22, 2026, that Morgan Stanley cut its Ferrovial price target from EUR 72 to EUR 65 while retaining an Overweight rating.

Ferrovial stock stays below yearly high

Ferrovial stock closed at USD 53.64 on Nasdaq on October 2, 2026, with a 52-week range of USD 52.24 to USD 74.79 and market capitalization of USD 38.9 billion. The next scheduled company checkpoints are October 5, 2026, for the I-24 conference, October 21, 2026, for 407 ETR nine-month results, and October 27, 2026, for Ferrovial's nine-month results, as listed by Ferrovial.