Ferrovial (NASDAQ:FER) Downgraded to “Hold” Rating by Kepler Capital Markets

Kepler Capital Markets cut shares of Ferrovial (NASDAQ:FER) from a strong-buy rating to a hold rating in a report published on Thursday,Zacks reports.

A number of other research firms also recently issued reports on FER. Weiss Ratings upgraded shares of Ferrovial from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Citigroup downgraded shares of Ferrovial from a “buy” rating to a “neutral” rating and cut their price target for the stock from $75.30 to $70.00 in a research note on Wednesday, May 27th. Zacks Research lowered shares of Ferrovial from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. Finally, UBS Group cut shares of Ferrovial from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $70.47.

Ferrovial Stock Performance

NASDAQ FER opened at $54.65 on Thursday. Ferrovial has a 12 month low of $53.91 and a 12 month high of $74.79. The company has a 50-day moving average of $61.78 and a 200-day moving average of $65.55. 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

Institutional investors have recently modified their holdings of the company. Cloverfields Capital Group LP acquired a new position in Ferrovial during the first quarter valued at approximately $1,547,000. Cooper Investors PTY Ltd. grew its stake in Ferrovial by 23.7% during the second quarter. Cooper Investors PTY Ltd. now owns 129,165 shares of the company’s stock worth $8,862,000 after buying an additional 24,783 shares during the period. J. Safra Sarasin Holding AG increased its position in shares of Ferrovial by 1.9% in the first quarter. J. Safra Sarasin Holding AG now owns 1,074,671 shares of the company’s stock worth $68,623,000 after acquiring an additional 20,101 shares in the last quarter. Maryland State Retirement & Pension System increased its position in shares of Ferrovial by 7.2% in the first quarter. Maryland State Retirement & Pension System now owns 593,034 shares of the company’s stock worth $38,012,000 after acquiring an additional 39,694 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Ferrovial by 26.8% in the 1st quarter. Swiss National Bank now owns 1,778,470 shares of the company’s stock valued at $113,643,000 after acquiring an additional 375,590 shares during the period. Hedge funds and other institutional investors own 22.28% of the company’s stock.

About Ferrovial

Ferrovial SE is a global infrastructure company that develops, operates and manages transportation and mobility assets. Its activities include toll roads and other managed-lane highways, airports, infrastructure construction, and energy and mobility projects. Through its businesses, the company participates in the financing, design, construction, operation and maintenance of large-scale infrastructure.

The company’s highway activities are conducted primarily through Cintra, which operates and manages concession-based road projects.