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Ferrovial (NASDAQ:FER) Hits New 52-Week High - Here's Why

Ferrovial logo with Finance background

Key Points

  • Ferrovial SE's shares reached a new 52-week high of $57.85 during trading, marking a significant upward movement from the previous close of $57.33.
  • Several analysts have recently modified their ratings on Ferrovial, with BNP Paribas upgrading it to "neutral" from "underperform" while Wall Street Zen downgraded it to "hold" from "buy," indicating mixed sentiment among experts.
  • Institutional investors are increasingly active in Ferrovial, with multiple funds, including Bank of New York Mellon Corp and Zurich Insurance Group, increasing their stakes in the company during the first quarter.
  • Five stocks to consider instead of Ferrovial.

Ferrovial SE (NASDAQ:FER - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $57.78 and last traded at $57.85, with a volume of 10380 shares changing hands. The stock had previously closed at $57.33.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on Ferrovial

Ferrovial Trading Down 0.9%

The stock's 50-day moving average is $54.29 and its 200-day moving average is $50.46.

Hedge Funds Weigh In On Ferrovial

Several institutional investors and hedge funds have recently added to or reduced their stakes in FER. BNP Paribas Financial Markets bought a new stake in shares of Ferrovial in the 4th quarter valued at $25,000. AlphaCore Capital LLC bought a new stake in shares of Ferrovial in the 2nd quarter valued at $83,000. Osaic Holdings Inc. boosted its stake in shares of Ferrovial by 9,326.3% in 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 during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Ferrovial in the 1st quarter valued at $150,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Ferrovial by 24.6% in the 4th 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 last quarter. 22.28% of the stock is currently owned by institutional investors and hedge funds.

About Ferrovial

(Get Free Report)

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.

Further Reading

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