Ferrovial (NASDAQ:FER) Stock Price Breaks Above 50-Day Moving Average - What's Next?

Key Points

• Ferrovial shares rose above their 50-day moving average, reaching $57.14 and last trading at $56.92 on volume of roughly 3.27 million shares. However, the 200-day moving average remains higher at $64.34.
• Analyst sentiment is mixed: the stock carries an overall “Hold” rating, with four Buy, eight Hold and one Sell recommendation. The average price target is $70.47.
• Institutional ownership stands at 22.28%, with major investors including Amundi and the Swiss National Bank increasing their holdings during the reported periods.

Ferrovial SE (NASDAQ:FER - Get Free Report) shares crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $54.73 and traded as high as $57.14. Ferrovial shares last traded at $56.92, with a volume of 3,272,292 shares.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FER. Morgan Stanley reissued an "overweight" rating on shares of Ferrovial in a report on Tuesday, September 22nd. UBS Group downgraded Ferrovial from a "buy" rating to a "neutral" rating in a research note on Wednesday, August 26th. Mediobanca upgraded shares of Ferrovial to an "outperform" rating in a research report on Wednesday, August 19th. Zacks Research lowered shares of Ferrovial from a "hold" rating to a "strong sell" rating in a research report on Friday, August 14th. Finally, Bank of America reissued a "buy" rating on shares of Ferrovial in a research note on Monday, September 14th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $70.47.

Ferrovial Price Performance

The company has a quick ratio of 1.09, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. The firm's 50 day moving average is $54.73 and its two-hundred day moving average is $64.34.

Hedge Funds Weigh In On Ferrovial

Institutional investors have recently modified their holdings of the company. Amundi grew its stake in Ferrovial by 39.7% in the 1st quarter. Amundi now owns 15,301,820 shares of the company's stock worth $995,383,000 after acquiring an additional 4,351,267 shares during the period. Swiss National Bank lifted its stake in shares of Ferrovial by 26.8% during the 1st quarter. Swiss National Bank now owns 1,778,470 shares of the company's stock worth $113,643,000 after purchasing an additional 375,590 shares during the period. J. Safra Sarasin Holding AG lifted its stake in shares of Ferrovial by 1.9% during the 1st quarter. J. Safra Sarasin Holding AG now owns 1,074,671 shares of the company's stock worth $68,623,000 after purchasing an additional 20,101 shares during the period. ProShare Advisors LLC lifted its stake in shares of Ferrovial by 4.5% during the 3rd quarter. ProShare Advisors LLC now owns 758,817 shares of the company's stock worth $41,036,000 after purchasing an additional 32,683 shares during the period. Finally, Maryland State Retirement & Pension System boosted its holdings in shares of Ferrovial by 7.2% during the first quarter. Maryland State Retirement & Pension System now owns 593,034 shares of the company's stock worth $38,012,000 after purchasing an additional 39,694 shares during the last quarter. Institutional investors and hedge funds own 22.28% of the company's stock.

Ferrovial Company Profile

Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other essential infrastructure. Its activities primarily focus on toll roads and mobility infrastructure, airports, energy infrastructure and construction services. The company participates in projects through development, investment, operations and long-term maintenance, often under public-private partnership and concession arrangements.

Ferrovial's transportation portfolio includes managed-lane and toll-road projects, while its airports business has included the development and operation of airport infrastructure.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.