Ferrovial SE (NASDAQ:FER) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Ferrovial SE has received a consensus rating of "Moderate Buy" from six brokerages, with three analysts advising to hold and three to buy the stock.
• Recent reports indicate that BNP Paribas upgraded Ferrovial from a "strong sell" to a "hold" rating, reflecting improved sentiment among analysts towards the company's stock performance.
• Institutional investors have increased their positions significantly in Ferrovial, with notable increases from Hsbc Holdings PLC and Vanguard Group Inc. during the second quarter.

Shares of Ferrovial SE (NASDAQ:FER - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six brokerages that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.

A number of analysts recently issued reports on FER shares. BNP Paribas raised Ferrovial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Ferrovial in a research report on Saturday, September 27th. BNP Paribas Exane raised Ferrovial from an "underperform" rating to a "neutral" rating in a research report on Tuesday, June 24th. Wall Street Zen downgraded Ferrovial from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Ferrovial in a research report on Wednesday, June 25th.

Ferrovial Price Performance

Shares of NASDAQ:FER opened at $59.80 on Friday. The business has a 50-day moving average price of $55.27 and a 200 day moving average price of $51.41. Ferrovial has a 12-month low of $37.93 and a 12-month high of $59.99.

Hedge Funds Weigh In On Ferrovial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC grew its position in shares of Ferrovial by 1.9% during the second quarter. Hsbc Holdings PLC now owns 25,386,224 shares of the company's stock worth $1,348,444,000 after buying an additional 472,349 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Ferrovial by 3.1% during the second quarter. Vanguard Group Inc. now owns 19,957,338 shares of the company's stock worth $1,064,584,000 after buying an additional 601,503 shares in the last quarter. TCI Fund Management Ltd. grew its position in shares of Ferrovial by 0.7% during the second quarter. TCI Fund Management Ltd. now owns 19,470,666 shares of the company's stock worth $1,038,720,000 after buying an additional 137,238 shares in the last quarter. Amundi grew its position in shares of Ferrovial by 43.9% during the first quarter. Amundi now owns 17,636,889 shares of the company's stock worth $808,475,000 after buying an additional 5,376,610 shares in the last quarter. Finally, Norges Bank purchased a new stake in Ferrovial during the second quarter worth approximately $498,625,000. 22.28% of the stock is owned by institutional investors and hedge funds.

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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