Ferrovial SE (NASDAQ:FER – Get Free Report)’s stock price gapped up prior to trading on Tuesday. The stock had previously closed at $50.35, but opened at $54.35. Ferrovial shares last traded at $53.4020, with a volume of 962,630 shares changing hands.
Analysts Set New Price Targets
Several analysts have recently weighed in on FER shares. UBS Group downgraded Ferrovial from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. Kepler Capital Markets cut Ferrovial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 17th. Mediobanca raised Ferrovial to an “outperform” rating in a report on Wednesday, August 19th. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a research note on Tuesday, September 22nd. Finally, Bank of America restated a “buy” rating on shares of Ferrovial in a report on Monday, September 14th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $70.47.
Read Our Latest Report on Ferrovial
Ferrovial Stock Performance
The company has a 50 day simple moving average of $55.53 and a 200-day simple moving average of $64.60. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of FER. Farther Finance Advisors LLC boosted its stake in Ferrovial by 32.7% during the third quarter. Farther Finance Advisors LLC now owns 1,103 shares of the company’s stock worth $60,000 after buying an additional 272 shares in the last quarter. Elevation Wealth Partners LLC raised its stake in shares of Ferrovial by 172.3% in the 3rd quarter. Elevation Wealth Partners LLC now owns 689 shares of the company’s stock valued at $37,000 after buying an additional 436 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Ferrovial by 136.8% in the 1st quarter. Blue Trust Inc. now owns 779 shares of the company’s stock valued at $51,000 after buying an additional 450 shares in the last quarter. Groupama Asset Managment lifted its holdings in shares of Ferrovial by 4.2% during the 1st quarter. Groupama Asset Managment now owns 12,377 shares of the company’s stock worth $805,000 after acquiring an additional 499 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of Ferrovial by 6.8% during the 2nd quarter. Versant Capital Management Inc now owns 9,542 shares of the company’s stock worth $654,000 after acquiring an additional 610 shares during the period. 22.28% of the stock is currently owned by institutional investors.
About Ferrovial
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.
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