Ferrovial (NASDAQ:FER) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Ferrovial has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment regarding the stock.
• Other analysts, including those from BNP Paribas and Morgan Stanley, have issued varying ratings, with some upgrading the stock and others rating it a hold.
• The company's stock performance shows a twelve-month low of $37.93 and a high of $56.43, indicating volatility in its market valuation.

Ferrovial (NASDAQ:FER - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

Several other equities analysts also recently weighed in on FER. BNP Paribas upgraded shares of Ferrovial from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 24th. Morgan Stanley reiterated an "overweight" rating on shares of Ferrovial in a report on Wednesday, June 25th. Finally, BNP Paribas Exane upgraded shares of Ferrovial from an "underperform" rating to a "neutral" rating in a report on Tuesday, June 24th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

Ferrovial Stock Performance

NASDAQ:FER opened at $53.39 on Friday. The firm has a 50-day moving average price of $52.14 and a two-hundred day moving average price of $47.31. Ferrovial has a twelve month low of $37.93 and a twelve month high of $56.43.

Institutional Investors Weigh In On Ferrovial

A number of hedge funds and other institutional investors have recently modified their holdings of FER. Bank of New York Mellon Corp grew its holdings in Ferrovial by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 1,114,780 shares of the company's stock valued at $50,076,000 after purchasing an additional 14,821 shares during the period. Townsquare Capital LLC purchased a new stake in Ferrovial in the fourth quarter valued at approximately $234,000. Assenagon Asset Management S.A. grew its holdings in Ferrovial by 3.6% in the first quarter. Assenagon Asset Management S.A. now owns 30,097 shares of the company's stock valued at $1,339,000 after purchasing an additional 1,059 shares during the period. Raymond James Financial Inc. purchased a new stake in Ferrovial in the fourth quarter valued at approximately $466,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ferrovial by 24.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,440 shares of the company's stock valued at $225,000 after purchasing an additional 1,073 shares during the period. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.