Ferrovial (NASDAQ:FER) Stock Bumped Up to "Buy" by Citigroup

Key Points

• Citigroup upgraded Ferrovial from “neutral” to “buy.” Analyst views remain mixed: five rate the stock Buy, seven Hold, and one Sell; the consensus rating is Hold with a $70.47 price target.
• Ferrovial shares rose 2.5% on Wednesday to $58.97, while trading below their 200-day moving average of $64.18.
• Institutional investors and hedge funds own 22.28% of Ferrovial shares; several major holders, including Amundi and Swiss National Bank, increased their positions.

Ferrovial (NASDAQ:FER - Get Free Report) was upgraded by stock analysts at Citigroup from a "neutral" rating to a "buy" rating in a report issued on Wednesday, Benzinga reports.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. lowered Ferrovial from an "overweight" rating to a "neutral" rating in a research note on Tuesday, October 6th. Morgan Stanley restated an "overweight" rating on shares of Ferrovial in a research report on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft lowered Ferrovial from a "buy" rating to a "hold" rating in a research note on Tuesday, October 20th. Mediobanca upgraded Ferrovial to an "outperform" rating in a research report on Wednesday, August 19th. Finally, Weiss Ratings cut Ferrovial from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, October 2nd. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Ferrovial has an average rating of "Hold" and a consensus price target of $70.47.

Ferrovial Trading Up 2.5%

NASDAQ FER traded up $1.43 on Wednesday, hitting $58.97. 1,686,398 shares of the company's stock were exchanged, compared to its average volume of 1,574,472. The stock has a 50-day moving average of $54.35 and a 200-day moving average of $64.18. The company has a quick ratio of 1.09, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. Ferrovial has a 52 week low of $48.00 and a 52 week high of $74.79.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Amundi grew 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 purchasing an additional 4,351,267 shares during the last quarter. Swiss National Bank raised its position in Ferrovial by 26.8% during the 1st quarter. Swiss National Bank now owns 1,778,470 shares of the company's stock worth $113,643,000 after purchasing an additional 375,590 shares during the last quarter. J. Safra Sarasin Holding AG raised its position in Ferrovial by 1.9% during the 1st quarter. J. Safra Sarasin Holding AG now owns 1,074,671 shares of the company's stock worth $68,623,000 after purchasing an additional 20,101 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Ferrovial by 4.5% during the 3rd quarter. ProShare Advisors LLC now owns 758,817 shares of the company's stock worth $41,036,000 after buying an additional 32,683 shares during the period. Finally, M&G PLC lifted its holdings in Ferrovial by 16.0% during the 3rd quarter. M&G PLC now owns 623,268 shares of the company's stock worth $33,900,000 after buying an additional 85,920 shares during the period. 22.28% of the stock is currently owned by institutional investors and hedge funds.

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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