Ferrovial (NASDAQ:FER) Downgraded to Hold Rating by Kepler Capital Markets

Key Points

• Kepler Capital Markets downgraded Ferrovial from “strong buy” to “hold,” following similar rating cuts from UBS Group and Citigroup. Analysts collectively rate the stock “Hold,” with an average price target of $70.47.
• Ferrovial shares fell 0.9% to open at $54.65, near the company’s 12-month low of $53.91 and below its 50-day and 200-day moving averages.
• Institutional ownership remains significant at 22.28%, with major investors including Amundi, Banco Santander, Norges Bank and Barclays increasing or initiating positions.

Ferrovial (NASDAQ:FER - Get Free Report) was downgraded by research analysts at Kepler Capital Markets from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Thursday, Zacks reports.

A number of other equities analysts have also recently weighed in on FER. UBS Group cut Ferrovial from a "buy" rating to a "neutral" rating in a report on Wednesday, August 26th. Citigroup lowered shares of Ferrovial from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $75.30 to $70.00 in a research note on Wednesday, May 27th. Weiss Ratings raised shares of Ferrovial from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 26th. Finally, Zacks Research downgraded shares of Ferrovial from a "hold" rating to a "strong sell" rating in a research note on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Ferrovial presently has an average rating of "Hold" and an average target price of $70.47.

Ferrovial Trading Down 0.9%

Shares of FER opened at $54.65 on Thursday. The stock's 50-day moving average is $61.78 and its two-hundred day moving average is $65.55. Ferrovial has a 12 month low of $53.91 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 Trading of Ferrovial

Several institutional investors have recently added to or reduced their stakes in the stock. Amundi raised its position in shares of Ferrovial by 39.7% during the 1st quarter. Amundi now owns 15,301,820 shares of the company's stock valued at $995,383,000 after acquiring an additional 4,351,267 shares in the last quarter. Algebris UK Ltd. bought a new stake in Ferrovial during the fourth quarter valued at $839,930,000. Banco Santander S.A. increased its stake in Ferrovial by 150.2% during the fourth quarter. Banco Santander S.A. now owns 9,678,404 shares of the company's stock valued at $625,322,000 after purchasing an additional 5,810,276 shares during the last quarter. Norges Bank acquired a new stake in shares of Ferrovial during the fourth quarter worth $605,204,000. Finally, Barclays PLC lifted its position in shares of Ferrovial by 75.0% in the 4th quarter. Barclays PLC now owns 7,809,502 shares of the company's stock worth $504,572,000 after buying an additional 3,345,735 shares during the last quarter. 22.28% of the stock is owned by institutional investors and hedge funds.

About Ferrovial

Ferrovial SE is a global infrastructure company that develops, operates and manages transportation and mobility assets. Its activities include toll roads and other managed-lane highways, airports, infrastructure construction, and energy and mobility projects. Through its businesses, the company participates in the financing, design, construction, operation and maintenance of large-scale infrastructure.

The company's highway activities are conducted primarily through Cintra, which operates and manages concession-based road projects.

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