Ferrovial (NASDAQ:FER) Hits New 1-Year Low - Time to Sell?

Key Points

• Ferrovial shares fell to a new 52-week low of $55.69 during Thursday trading, below the previous close of $56.56 and well under its 50-day and 200-day moving averages.
• Analyst sentiment has weakened: UBS and Citigroup downgraded the stock to “neutral,” while Zacks Research cut its rating to “strong sell.” The overall consensus remains “Hold,” with an average price target of $70.47.
• Institutional interest was mixed but included substantial position increases from Tidal Investments and Groupe la Française; hedge funds and other institutions collectively own 22.28% of Ferrovial.

Ferrovial SE (NASDAQ:FER - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $55.69 and last traded at $55.8170, with a volume of 2167 shares. The stock had previously closed at $56.56.

Analyst Ratings Changes

Several research firms recently commented on FER. UBS Group lowered shares of Ferrovial from a "buy" rating to a "neutral" rating in a report on Wednesday, August 26th. Citigroup downgraded shares of Ferrovial from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. Zacks Research lowered shares of Ferrovial from a "hold" rating to a "strong sell" rating in a research report on Friday, August 14th. Finally, Weiss Ratings raised shares of Ferrovial from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $70.47.

Ferrovial Price Performance

The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09. The company's 50-day simple moving average is $63.15 and its 200-day simple moving average is $66.32.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FER. Tidal Investments LLC grew its holdings in Ferrovial by 914.1% during the 2nd quarter. Tidal Investments LLC now owns 46,150 shares of the company's stock valued at $3,163,000 after purchasing an additional 41,599 shares in the last quarter. Baird Financial Group Inc. acquired a new position in Ferrovial in the 2nd quarter worth $1,267,000. Corient Private Wealth LP purchased a new position in Ferrovial in the 2nd quarter valued at about $257,000. Groupe la Francaise boosted its position in Ferrovial by 640.9% in the 2nd quarter. Groupe la Francaise now owns 436,648 shares of the company's stock valued at $29,986,000 after buying an additional 377,714 shares during the last quarter. Finally, AlphaGrep UK Ltd purchased a new position in Ferrovial in the 2nd quarter valued at about $266,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Ferrovial Company Profile

Ferrovial SE is a global infrastructure company that develops, operates and manages transportation and mobility assets. Its activities include toll roads and other managed-lane highways, airports, infrastructure construction, and energy and mobility projects. Through its businesses, the company participates in the financing, design, construction, operation and maintenance of large-scale infrastructure.

The company's highway activities are conducted primarily through Cintra, which operates and manages concession-based road projects.

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