Ferrovial (NASDAQ:FER) Hits New 12-Month High - Should You Buy?

Key Points

• Ferrovial shares reached a new 52-week high, trading at $58.95 during the latest session, indicating strong market performance.
• Analyst ratings for Ferrovial vary, with two investment analysts recommending a "Buy" rating while three suggest a "Hold," resulting in an average rating of "Hold."
• Institutional investors have shown significant activity, with notable new positions acquired by BNP Paribas Financial Markets and Osaic Holdings Inc., contributing to 22.28% of the company's stock ownership.

Ferrovial SE (NASDAQ:FER - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $58.95 and last traded at $58.56, with a volume of 640469 shares. The stock had previously closed at $57.65.

Analysts Set New Price Targets

Several brokerages have recently commented on FER. Wall Street Zen lowered Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. BNP Paribas upgraded Ferrovial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. BNP Paribas Exane upgraded Ferrovial from an "underperform" rating to a "neutral" rating in a research report on Tuesday, June 24th. Finally, Morgan Stanley restated an "overweight" rating on shares of Ferrovial in a research report on Wednesday, June 25th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Ferrovial has an average rating of "Hold".

Ferrovial Stock Performance

The stock has a 50-day simple moving average of $54.41 and a 200-day simple moving average of $50.61.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets acquired a new position in Ferrovial during the 4th quarter worth $25,000. AlphaCore Capital LLC acquired a new position in Ferrovial during the 2nd quarter worth $83,000. Osaic Holdings Inc. boosted its position in Ferrovial by 9,326.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,791 shares of the company's stock worth $96,000 after acquiring an additional 1,772 shares during the period. Banque Cantonale Vaudoise acquired a new position in Ferrovial during the 1st quarter worth $150,000. Finally, Earned Wealth Advisors LLC acquired a new position in Ferrovial during the 2nd quarter worth $240,000. Institutional investors and hedge funds own 22.28% of the company's stock.

About Ferrovial

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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