Ferrovial (NASDAQ:FER) Stock Rating Lowered by Wall Street Zen

Ferrovial (NASDAQ:FER) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

Other analysts have also recently issued reports about the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a report on Tuesday, September 22nd. Zacks Research upgraded Ferrovial from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Citigroup upgraded shares of Ferrovial from a “hold” rating to a “buy” rating in a research report on Wednesday. Bank of America reaffirmed a “buy” rating on shares of Ferrovial in a research note on Monday, September 14th. Finally, Weiss Ratings cut shares of Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $70.47.

Ferrovial Price Performance

Shares of NASDAQ FER opened at $58.71 on Friday. The business has a fifty day moving average price of $54.26 and a two-hundred day moving average price of $64.05. Ferrovial has a fifty-two week low of $48.00 and a fifty-two week high of $74.79. The company has a quick ratio of 1.09, a current ratio of 1.20 and a debt-to-equity ratio of 1.39.

Institutional Trading of Ferrovial

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Aberdeen Group plc purchased a new stake in Ferrovial in the third quarter valued at approximately $41,461,000. ICICI Prudential Asset Management Co Ltd acquired a new position in shares of Ferrovial in the third quarter valued at approximately $644,000. Ritholtz Wealth Management boosted its holdings in Ferrovial by 28.6% in the 3rd quarter. Ritholtz Wealth Management now owns 12,364 shares of the company’s stock worth $669,000 after acquiring an additional 2,752 shares during the period. Jacobi Capital Management LLC bought a new stake in shares of Ferrovial during the 3rd quarter valued at about $102,000. Finally, 71 West Capital Partners raised its stake in shares of Ferrovial by 1.8% in the 3rd quarter. 71 West Capital Partners now owns 215,389 shares of the company’s stock worth $11,622,000 after buying an additional 3,794 shares in the last quarter. 22.28% of the stock is owned by hedge funds and other institutional investors.

About Ferrovial

Ferrovial is a global infrastructure company that develops, builds, operates and maintains transportation and other infrastructure assets. Its activities include toll roads and airports, as well as construction and energy infrastructure projects.

Founded in Spain in 1952, the company has expanded beyond its original construction business and serves markets across North America, Europe and other regions. Its portfolio includes transportation infrastructure developed and operated through long-term projects and partnerships.

Ferrovial is led by Chief Executive Officer Ignacio Madridejos and Chairman Rafael del Pino.