Wall Street Zen Upgrades Ferrovial (NASDAQ:FER) to "Hold"

Key Points

• Wall Street Zen upgraded Ferrovial from “sell” to “hold.” Analyst views are mixed overall, but MarketBeat reports an average “hold” rating from five Buy and eight Hold ratings, with an average price target of $70.47.
• Ferrovial shares traded at $61.68, up $0.51, and were between a 12-month low of $48.00 and high of $74.79.
• Institutional investors and hedge funds own 22.28% of Ferrovial shares; several major holders, including Amundi and Banco Santander, increased their positions.

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

Several other research analysts have also commented on FER. Deutsche Bank lowered Ferrovial from a "buy" rating to a "hold" rating in a research report on Tuesday, October 20th. Mediobanca upgraded shares of Ferrovial to an "outperform" rating in a report on Wednesday, August 19th. UBS Group cut Ferrovial from a "buy" rating to a "neutral" rating in a research note on Wednesday, August 26th. Weiss Ratings lowered shares of Ferrovial from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, October 2nd. Finally, Kepler Capital Markets lowered shares of Ferrovial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 17th. 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.com, the company presently has an average rating of "Hold" and an average target price of $70.47.

Ferrovial Price Performance

Ferrovial stock traded up $0.51 during mid-day trading on Friday, reaching $61.68. 2,548,433 shares of the company were exchanged, compared to its average volume of 2,805,204. The business has a fifty day moving average of $54.57 and a 200 day moving average of $63.89. 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 12-month low of $48.00 and a 12-month high of $74.79.

Institutional Trading of Ferrovial

Several institutional investors and hedge funds have recently bought and sold shares of FER. Amundi boosted its holdings in 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 during the period. Banco Santander S.A. boosted its stake in shares of Ferrovial by 11.8% in the 3rd quarter. Banco Santander S.A. now owns 10,975,561 shares of the company's stock valued at $593,778,000 after buying an additional 1,161,545 shares during the period. Swiss National Bank raised its holdings in Ferrovial by 26.8% in the first quarter. Swiss National Bank now owns 1,778,470 shares of the company's stock valued at $113,643,000 after acquiring an additional 375,590 shares in the last quarter. Aberdeen Group plc purchased a new stake in shares of Ferrovial during the 3rd quarter worth $41,461,000. Finally, 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 last quarter. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

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.

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