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

Ferrovial SE (NASDAQ:FER) hit 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 traded. The stock had previously closed at $56.56.

Wall Street Analysts Forecast Growth

FER has been the subject of a number of analyst reports. Citigroup downgraded Ferrovial from a “buy” rating to a “neutral” rating and reduced their price target for the company from $75.30 to $70.00 in a report on Wednesday, May 27th. Weiss Ratings upgraded Ferrovial from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. UBS Group lowered Ferrovial from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 26th. Finally, Zacks Research cut Ferrovial from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. Two research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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 company has a fifty day moving average of $63.15 and a two-hundred day moving average of $66.32.

Institutional Investors Weigh In On Ferrovial

A number of institutional investors have recently made changes to their positions in the company. Cullen Frost Bankers Inc. raised its position in shares of Ferrovial by 80.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 586 shares of the company’s stock valued at $38,000 after acquiring an additional 262 shares in the last quarter. Blue Trust Inc. boosted its holdings in Ferrovial by 136.8% in the first quarter. Blue Trust Inc. now owns 779 shares of the company’s stock worth $51,000 after purchasing an additional 450 shares during the period. Larson Financial Group LLC boosted its holdings in Ferrovial by 240.2% in the third quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock worth $57,000 after purchasing an additional 687 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Ferrovial during the third quarter valued at $66,000. Finally, J.Safra Asset Management Corp bought a new stake in Ferrovial during the fourth quarter valued at $68,000. 22.28% of the stock is currently owned by 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.