Ferrovial (NASDAQ:FER) Hits New 1-Year High - Time to Buy?

Key Points

• Ferrovial's stock reached a new 52-week high of $61.31, indicating strong trading activity with over 1 million shares exchanged.
• Several analysts have provided mixed ratings for Ferrovial, with a consensus of "Moderate Buy" as three analysts rate it a Buy and three a Hold.
• Institutional investors now own 22.28% of Ferrovial's stock, with significant investments noted from AlphaCore Capital LLC and Osaic Holdings Inc.

Shares of Ferrovial SE (NASDAQ:FER - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $61.31 and last traded at $61.29, with a volume of 1053267 shares changing hands. The stock had previously closed at $60.70.

Analysts Set New Price Targets

FER has been the topic of a number of research analyst reports. BNP Paribas Exane upgraded shares of Ferrovial from an "underperform" rating to a "neutral" rating in a research note on Tuesday, June 24th. Morgan Stanley restated an "overweight" rating on shares of Ferrovial in a research note on Wednesday, June 25th. BNP Paribas upgraded shares of Ferrovial from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. Weiss Ratings restated a "buy (b+)" rating on shares of Ferrovial in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Ferrovial from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Ferrovial has a consensus rating of "Moderate Buy".

Ferrovial Trading Up 2.3%

The firm's 50-day moving average is $56.30 and its 200 day moving average is $52.15.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. AlphaCore Capital LLC bought a new position in Ferrovial during the 2nd quarter worth approximately $83,000. Osaic Holdings Inc. increased its stake in Ferrovial by 9,326.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,791 shares of the company's stock valued at $96,000 after purchasing an additional 1,772 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Ferrovial during the 1st quarter worth $150,000. Earned Wealth Advisors LLC purchased a new position in Ferrovial during the 2nd quarter worth $240,000. Finally, Simon Quick Advisors LLC purchased a new position in shares of Ferrovial in the 2nd quarter worth about $274,000. Institutional investors own 22.28% of the company's stock.

Ferrovial Company Profile

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.

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