Zacks Research Upgrades Ferrovial (NASDAQ:FER) to “Hold”

Ferrovial (NASDAQ:FER) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday, Zacks reports.

A number of other brokerages also recently issued reports on FER. Deutsche Bank Aktiengesellschaft downgraded Ferrovial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 20th. JPMorgan Chase & Co. lowered Ferrovial from an “overweight” rating to a “neutral” rating in a research report on Tuesday, October 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a research note on Tuesday, September 22nd. Citigroup raised Ferrovial from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Bank of America reaffirmed a “buy” rating on shares of Ferrovial in a research report on Monday, September 14th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $70.47.

Ferrovial Price Performance

NASDAQ:FER opened at $59.23 on Wednesday. The stock’s 50-day moving average is $54.26 and its 200-day moving average is $64.09. Ferrovial has a 1-year low of $48.00 and a 1-year high of $74.79. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.20.

Hedge Funds Weigh In On Ferrovial

A number of large investors have recently bought and sold shares of FER. Amundi raised its holdings in Ferrovial by 39.7% in the first quarter. Amundi now owns 15,301,820 shares of the company’s stock worth $995,383,000 after buying an additional 4,351,267 shares during the last quarter. Swiss National Bank grew its holdings in shares of Ferrovial by 26.8% in the first quarter. Swiss National Bank now owns 1,778,470 shares of the company’s stock worth $113,643,000 after acquiring an additional 375,590 shares during the period. J. Safra Sarasin Holding AG increased its position 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 valued at $68,623,000 after purchasing an additional 20,101 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Ferrovial by 4.5% in 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, M&G PLC boosted its holdings in shares of Ferrovial by 16.0% in the third quarter. M&G PLC now owns 623,268 shares of the company’s stock worth $33,900,000 after buying an additional 85,920 shares during the last quarter. 22.28% of the stock is owned by hedge funds and other institutional investors.

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.