Ferrovial (NASDAQ:FER) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Ferrovial from “hold” to “sell.” Other recent analyst views were mixed, with five Buy ratings and eight Hold ratings.
• Despite the downgrade, the stock carries a consensus “Hold” rating and an average analyst price target of $70.47.
• Ferrovial shares opened at $58.71 and were down 0.9%; they have traded between $48.00 and $74.79 over the past year.

Ferrovial (NASDAQ:FER - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday, Wall Street Zen reports.

A number of other brokerages also recently issued reports on FER. Zacks Research upgraded shares of Ferrovial from a "strong sell" rating to a "hold" rating in a report on Wednesday. Kepler Capital Markets lowered shares of Ferrovial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 17th. Bank of America reissued a "buy" rating on shares of Ferrovial in a research note on Monday, September 14th. UBS Group downgraded Ferrovial from a "buy" rating to a "neutral" rating in a report on Wednesday, August 26th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Ferrovial in a report on Tuesday, September 22nd. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, Ferrovial currently has a consensus rating of "Hold" and an average target price of $70.47.

Ferrovial Stock Down 0.9%

Shares of NASDAQ:FER opened at $58.71 on Friday. Ferrovial has a 1 year low of $48.00 and a 1 year high of $74.79. The business's 50-day moving average is $54.26 and its 200-day moving average is $64.05. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09.

Institutional Trading of Ferrovial

A number of institutional investors have recently added to or reduced their stakes in the stock. Aberdeen Group plc purchased a new stake in shares of Ferrovial during the 3rd quarter valued at about $41,461,000. ICICI Prudential Asset Management Co Ltd purchased a new position in shares of Ferrovial during the 3rd quarter worth approximately $644,000. Ritholtz Wealth Management increased its holdings in Ferrovial by 28.6% during the 3rd quarter. Ritholtz Wealth Management now owns 12,364 shares of the company's stock worth $669,000 after purchasing an additional 2,752 shares during the last quarter. Jacobi Capital Management LLC purchased a new stake in shares of Ferrovial during the third quarter worth $102,000. Finally, 71 West Capital Partners grew its holdings in shares of Ferrovial by 1.8% in the 3rd quarter. 71 West Capital Partners now owns 215,389 shares of the company's stock worth $11,622,000 after purchasing an additional 3,794 shares during the last quarter. Hedge funds and other institutional investors own 22.28% of the company's stock.

About Ferrovial

Ferrovial is a global infrastructure company that develops, builds, operates and maintains transportation and other infrastructure assets. Its activities include toll roads and airports, as well as construction and energy infrastructure projects.

Founded in Spain in 1952, the company has expanded beyond its original construction business and serves markets across North America, Europe and other regions. Its portfolio includes transportation infrastructure developed and operated through long-term projects and partnerships.

Ferrovial is led by Chief Executive Officer Ignacio Madridejos and Chairman Rafael del Pino.

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