Ferrovial (NASDAQ:FER) Stock Rating Reaffirmed as “Neutral” by JPMorgan Chase & Co.

Ferrovial (NASDAQ:FER)‘s stock had its “neutral” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report released on Tuesday, MarketBeat.com reports.

Several other brokerages also recently weighed in on FER. Kepler Capital Markets downgraded Ferrovial from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 17th. Zacks Research cut Ferrovial from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferrovial in a research report on Tuesday, September 22nd. UBS Group lowered Ferrovial from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. Finally, Weiss Ratings downgraded Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $70.47.

Ferrovial Stock Performance

Shares of NASDAQ FER opened at $50.60 on Tuesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09. Ferrovial has a 1 year low of $50.36 and a 1 year high of $74.79. The firm has a 50-day simple moving average of $59.20 and a two-hundred day simple moving average of $64.37.

Institutional Trading of Ferrovial

Several institutional investors and hedge funds have recently made changes to their positions in FER. Elevation Wealth Partners LLC lifted its stake in Ferrovial by 172.3% in the third quarter. Elevation Wealth Partners LLC now owns 689 shares of the company’s stock worth $37,000 after acquiring an additional 436 shares during the period. Blue Trust Inc. increased its position in Ferrovial by 136.8% during the 1st quarter. Blue Trust Inc. now owns 779 shares of the company’s stock valued at $51,000 after purchasing an additional 450 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Ferrovial during the 4th quarter valued at about $140,000. EverSource Wealth Advisors LLC raised its holdings 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 purchasing an additional 1,064 shares in the last quarter. Finally, Keybank National Association OH bought a new stake in shares of Ferrovial in the 1st quarter valued at about $202,000. 22.28% of the stock is currently owned by institutional investors.

Ferrovial News Summary

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

Ferrovial Company Profile

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.