Ferrovial (NASDAQ:FER) Hits New 1-Year Low – Here’s What Happened

Shares of Ferrovial SE (NASDAQ:FER) reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $49.22 and last traded at $48.75, with a volume of 1,076,712 shares. The stock had previously closed at $50.19.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FER shares. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ferrovial in a research note on Tuesday, October 6th. UBS Group downgraded Ferrovial from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 26th. Kepler Capital Markets lowered Ferrovial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 17th. Weiss Ratings lowered Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Finally, Zacks Research cut Ferrovial from a “hold” rating to a “strong sell” rating in a research report on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $70.47.

Ferrovial Price Performance

The company has a quick ratio of 1.09, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. The stock’s fifty day simple moving average is $57.64 and its 200 day simple moving average is $63.92.

Hedge Funds Weigh In On Ferrovial

Several large investors have recently modified their holdings of the business. Elevation Wealth Partners LLC grew its holdings in shares of Ferrovial by 172.3% during the 3rd 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 position in shares of Ferrovial by 136.8% during the 1st quarter. Blue Trust Inc. now owns 779 shares of the company’s stock worth $51,000 after purchasing an additional 450 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Ferrovial by 32.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,103 shares of the company’s stock valued at $60,000 after buying an additional 272 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Ferrovial in the 4th quarter valued at about $140,000. Finally, EverSource Wealth Advisors LLC raised its holdings in 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 during the period. Institutional investors and hedge funds own 22.28% of the company’s stock.

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.