Zacks Research Upgrades Ferrovial (NASDAQ:FER) to "Hold"

Key Points

• Zacks Research upgraded Ferrovial from “strong sell” to “hold.” Other analyst views were mixed, but MarketBeat’s consensus rating was “Hold,” with an average price target of $70.47.
• Ferrovial shares opened at $59.23, between their 52-week range of $48.00 to $74.79.
• Institutional investors owned 22.28% of Ferrovial shares, with several funds increasing their holdings during the third quarter.

Ferrovial (NASDAQ:FER - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Wednesday, Zacks reports.

Several other equities analysts have also issued reports on the company. Weiss Ratings lowered Ferrovial from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, October 2nd. Citigroup raised Ferrovial from a "hold" rating to a "buy" rating in a research note on Wednesday. UBS Group downgraded shares of Ferrovial from a "buy" rating to a "neutral" rating in a research report on Wednesday, August 26th. Morgan Stanley reissued an "overweight" rating on shares of Ferrovial in a research note on Tuesday, September 22nd. Finally, Bank of America restated a "buy" rating on shares of Ferrovial in a report on Monday, September 14th. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $70.47.

Ferrovial Trading Up 0.5%

NASDAQ:FER opened at $59.23 on Wednesday. Ferrovial has a 1-year low of $48.00 and a 1-year high of $74.79. The business's 50-day moving average price is $54.26 and its two-hundred day moving average price is $64.09. 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ritholtz Wealth Management raised 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 buying an additional 2,752 shares during the period. Jacobi Capital Management LLC bought a new position in Ferrovial in the third quarter valued at approximately $102,000. 71 West Capital Partners boosted its holdings in shares of Ferrovial by 1.8% in the third quarter. 71 West Capital Partners now owns 215,389 shares of the company's stock valued at $11,622,000 after buying an additional 3,794 shares during the period. M&G PLC boosted its holdings in shares of Ferrovial by 16.0% in the third quarter. M&G PLC now owns 623,268 shares of the company's stock valued at $33,900,000 after buying an additional 85,920 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of Ferrovial by 87.1% in the third quarter. Parallel Advisors LLC now owns 855 shares of the company's stock valued at $46,000 after buying an additional 398 shares during the period. 22.28% of the stock is currently owned by institutional investors.

Ferrovial Company Profile

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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