Ferrovial (NASDAQ:FER) Stock Rating Upgraded by Citigroup

Ferrovial (NASDAQ:FER) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a report released on Wednesday, Benzinga reports.

A number of other research analysts also recently issued reports on the stock. Bank of America reiterated a “buy” rating on shares of Ferrovial in a research report on Monday, September 14th. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a report on Tuesday, September 22nd. Mediobanca raised shares of Ferrovial to an “outperform” rating in a research note on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft lowered shares of Ferrovial from a “buy” rating to a “hold” rating in a report on Tuesday, October 20th. Finally, Weiss Ratings cut shares of Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $70.47.

Ferrovial Trading Up 2.5%

Shares of NASDAQ:FER traded up $1.43 during trading on Wednesday, reaching $58.97. The stock had a trading volume of 1,686,398 shares, compared to its average volume of 1,574,472. The firm’s fifty day moving average is $54.35 and its 200 day moving average is $64.18. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. Ferrovial has a 52 week low of $48.00 and a 52 week high of $74.79.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. M&G PLC grew its holdings in Ferrovial by 16.0% during the third quarter. M&G PLC now owns 623,268 shares of the company’s stock valued at $33,900,000 after purchasing an additional 85,920 shares during the period. Parallel Advisors LLC increased its position in Ferrovial by 87.1% in the third quarter. Parallel Advisors LLC now owns 855 shares of the company’s stock worth $46,000 after buying an additional 398 shares during the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of Ferrovial in the third quarter valued at $3,454,000. Salomon & Ludwin LLC raised its stake in shares of Ferrovial by 84.5% in the third quarter. Salomon & Ludwin LLC now owns 546 shares of the company’s stock valued at $30,000 after buying an additional 250 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Ferrovial by 2.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 121,885 shares of the company’s stock valued at $6,594,000 after buying an additional 3,424 shares during the last quarter. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

About Ferrovial

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.