Ferrovial’s (FER) Neutral Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Ferrovial (NASDAQ:FER) in a report issued on Tuesday morning, Marketbeat.com reports.

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

Ferrovial Trading Down 0.7%

Shares of NASDAQ FER opened at $51.46 on Tuesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.20. Ferrovial has a 52 week low of $50.76 and a 52 week high of $74.79. The business has a 50-day simple moving average of $59.44 and a two-hundred day simple moving average of $64.46.

Institutional Trading of Ferrovial

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. grew its holdings in Ferrovial by 136.8% in the first quarter. Blue Trust Inc. now owns 779 shares of the company’s stock worth $51,000 after purchasing an additional 450 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Ferrovial in the 4th quarter worth approximately $140,000. EverSource Wealth Advisors LLC boosted its position 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 worth $163,000 after purchasing an additional 1,064 shares in the last quarter. Keybank National Association OH purchased a new stake in shares of Ferrovial in the 1st quarter worth approximately $202,000. Finally, Corient Private Wealth LP bought a new position in Ferrovial during the 2nd quarter valued at approximately $257,000. 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 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.