Ferrovial (NASDAQ:FER) Raised to Hold at Zacks Research

Ferrovial (NASDAQ:FER) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday, Zacks reports.

Several other research firms also recently commented on FER. Mediobanca raised Ferrovial to an “outperform” rating in a report on Wednesday, August 19th. JPMorgan Chase & Co. lowered Ferrovial from an “overweight” rating to a “neutral” rating in a research note on Tuesday, October 6th. Kepler Capital Markets cut shares of Ferrovial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 17th. Weiss Ratings downgraded Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Finally, Bank of America reaffirmed a “buy” rating on shares of Ferrovial in a report on Monday, September 14th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $70.47.

Ferrovial Stock Performance

Shares of FER opened at $59.23 on Wednesday. The firm has a fifty day simple moving average of $54.26 and a 200 day simple moving average of $64.09. Ferrovial has a 12 month low of $48.00 and a 12 month high of $74.79. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Amundi lifted its stake in shares of Ferrovial by 39.7% in the first quarter. Amundi now owns 15,301,820 shares of the company’s stock worth $995,383,000 after acquiring an additional 4,351,267 shares during the period. Groupe la Francaise grew its holdings in Ferrovial by 640.9% in the second quarter. Groupe la Francaise now owns 436,648 shares of the company’s stock worth $29,986,000 after purchasing an additional 377,714 shares during the period. Swiss National Bank grew its stake in shares of Ferrovial by 26.8% in the 1st quarter. Swiss National Bank now owns 1,778,470 shares of the company’s stock valued at $113,643,000 after buying an additional 375,590 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Ferrovial during the third quarter valued at approximately $18,089,000. Finally, Vantage Investment Partners LLC raised its holdings in Ferrovial by 47.6% during the third quarter. Vantage Investment Partners LLC now owns 519,370 shares of the company’s stock worth $28,098,000 after buying an additional 167,439 shares during the last quarter. 22.28% of the stock is owned by institutional investors and hedge funds.

Ferrovial Company Profile

Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other essential infrastructure. Its activities primarily focus on toll roads and mobility infrastructure, airports, energy infrastructure and construction services. The company participates in projects through development, investment, operations and long-term maintenance, often under public-private partnership and concession arrangements.

Ferrovial’s transportation portfolio includes managed-lane and toll-road projects, while its airports business has included the development and operation of airport infrastructure.