Ferrovial (NASDAQ:FER) Reaches New 52-Week Low – Here’s What Happened

Ferrovial SE (NASDAQ:FER)’s share price hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $51.28 and last traded at $51.84, with a volume of 3162273 shares changing hands. The stock had previously closed at $53.64.

More Ferrovial News

Here are the key news stories impacting Ferrovial this week:

• Positive Sentiment: A Ferrovial-led consortium was awarded a $3.27 billion Czech highway project. The contract strengthens Ferrovial’s infrastructure backlog and supports its long-term growth prospects, although the company’s share of the project’s revenue and profits was not specified. Ferrovial Consortium Awarded $3.27 Billion Czech Highway Project
• Neutral Sentiment: JPMorgan reaffirmed its Neutral rating on Ferrovial, indicating that the bank sees limited near-term catalysts despite the company’s infrastructure portfolio. Ferrovial’s Neutral Rating Reaffirmed at JPMorgan Chase
• Negative Sentiment: J.P. Morgan cut its price target for Ferrovial to EUR 50, reinforcing concerns that the shares offer limited upside at current levels. The target reduction follows the bank’s move to downgrade the stock to Neutral. J.P. Morgan Cuts Target for Ferrovial Stock to EUR 50 JPMorgan Downgrades Ferrovial to Neutral
• Negative Sentiment: Concerns over Ferrovial’s I-24 Choice Lanes project are weighing on sentiment. A rival bidder has sued the Tennessee Department of Transportation for access to project records, creating potential legal, procurement and timing uncertainty. Rival Bidder Sues TDOT Over I-24 Choice Lanes Records

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. restated a “neutral” rating on shares of Ferrovial in a research report on Tuesday. Morgan Stanley reiterated an “overweight” rating on shares of Ferrovial in a research note on Tuesday, September 22nd. Weiss Ratings cut Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. UBS Group downgraded Ferrovial from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. Finally, Kepler Capital Markets lowered Ferrovial from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 17th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $70.47.

Ferrovial Stock Performance

The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.20. The stock has a 50 day simple moving average of $59.20 and a 200 day simple moving average of $64.37.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Elevation Wealth Partners LLC lifted its position in Ferrovial by 172.3% during the third quarter. Elevation Wealth Partners LLC now owns 689 shares of the company’s stock worth $37,000 after purchasing an additional 436 shares during the period. Blue Trust Inc. increased its holdings in Ferrovial by 136.8% in the 1st quarter. Blue Trust Inc. now owns 779 shares of the company’s stock valued at $51,000 after buying an additional 450 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Ferrovial in the 4th quarter valued at about $140,000. EverSource Wealth Advisors LLC raised its position in shares of Ferrovial by 73.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,505 shares of the company’s stock valued at $163,000 after buying an additional 1,064 shares in the last quarter. Finally, Keybank National Association OH acquired a new position in shares of Ferrovial in the 1st quarter valued at approximately $202,000. Institutional investors own 22.28% of the company’s stock.

About Ferrovial

Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other public infrastructure assets. Its activities include toll roads, managed lanes, airports, energy infrastructure and infrastructure services. The company participates in projects across the United States, Canada, Spain, the United Kingdom, Poland and other international markets.

Ferrovial’s highways business focuses on the development and operation of toll roads and express lanes under long-term concession agreements.