Ferrovial's (FER) Neutral Rating Reaffirmed at JPMorgan Chase & Co.

Key Points

• JPMorgan reaffirmed its “neutral” rating on Ferrovial, while analyst sentiment remains mixed. MarketBeat’s consensus rating is “Hold,” based on two Buy, seven Hold, and one Sell recommendation, with a consensus price target of $70.47.
• Ferrovial shares opened at $51.84, near their 52-week low of $51.28 and below their 50-day and 200-day moving averages of $59.64 and $64.55, respectively.
• Institutional ownership stands at 22.28%, with several investors adding or initiating positions during the second quarter, including substantial increases by Tidal Investments and Groupe la Francaise.

Ferrovial (NASDAQ:FER - Get Free Report)'s stock had its "neutral" rating reiterated by investment analysts at JPMorgan Chase & Co. in a report issued on Tuesday, Benzinga reports.

FER has been the topic of several other research reports. Morgan Stanley reissued an "overweight" rating on shares of Ferrovial in a report on Tuesday, September 22nd. Zacks Research downgraded shares of Ferrovial from a "hold" rating to a "strong sell" rating in a report on Friday, August 14th. Weiss Ratings cut shares of Ferrovial from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday. Kepler Capital Markets downgraded shares of Ferrovial from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 17th. Finally, UBS Group lowered Ferrovial from a "buy" rating to a "neutral" rating in a research report on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $70.47.

Ferrovial Price Performance

FER stock opened at $51.84 on Tuesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.20. Ferrovial has a 1-year low of $51.28 and a 1-year high of $74.79. The business has a 50 day simple moving average of $59.64 and a two-hundred day simple moving average of $64.55.

Institutional Investors Weigh In On Ferrovial

Several large investors have recently bought and sold shares of FER. Tidal Investments LLC increased its holdings in shares of Ferrovial by 914.1% in the 2nd quarter. Tidal Investments LLC now owns 46,150 shares of the company's stock worth $3,163,000 after buying an additional 41,599 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in shares of Ferrovial during the 2nd quarter valued at about $1,267,000. Corient Private Wealth LP bought a new position in shares of Ferrovial in the 2nd quarter valued at about $257,000. Groupe la Francaise lifted its holdings in shares of Ferrovial by 640.9% in the 2nd quarter. Groupe la Francaise now owns 436,648 shares of the company's stock valued at $29,986,000 after acquiring an additional 377,714 shares during the last quarter. Finally, AlphaGrep UK Ltd purchased a new position in Ferrovial in the second quarter worth about $266,000. Institutional investors own 22.28% of the company's stock.

About Ferrovial

Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other public infrastructure assets. Its activities include toll roads, managed lanes, airports, energy infrastructure and infrastructure services. The company participates in projects across the United States, Canada, Spain, the United Kingdom, Poland and other international markets.

Ferrovial's highways business focuses on the development and operation of toll roads and express lanes under long-term concession agreements.

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