Ferrovial (NASDAQ:FER) Shares Gap Up – Time to Buy?

Ferrovial SE (NASDAQ:FER)’s stock price gapped up prior to trading on Tuesday. The stock had previously closed at $50.35, but opened at $54.35. Ferrovial shares last traded at $53.4020, with a volume of 962,630 shares.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FER. Bank of America restated a “buy” rating on shares of Ferrovial in a research note on Monday, September 14th. Zacks Research lowered Ferrovial from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. Kepler Capital Markets cut Ferrovial from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 17th. Mediobanca raised Ferrovial to an “outperform” rating in a report on Wednesday, August 19th. Finally, Weiss Ratings downgraded Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $70.47.

Ferrovial Stock Up 7.0%

The company has a 50-day simple moving average of $55.53 and a 200-day simple moving average of $64.60. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09.

Institutional Trading of Ferrovial

A number of hedge funds and other institutional investors have recently made changes to their positions in FER. Farther Finance Advisors LLC lifted its position in Ferrovial by 32.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,103 shares of the company’s stock worth $60,000 after buying an additional 272 shares in the last quarter. Elevation Wealth Partners LLC grew its holdings in 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 acquiring an additional 436 shares during the last quarter. Blue Trust Inc. grew its holdings in Ferrovial by 136.8% during the 1st quarter. Blue Trust Inc. now owns 779 shares of the company’s stock worth $51,000 after acquiring an additional 450 shares during the last quarter. Groupama Asset Managment increased its position in Ferrovial by 4.2% in the 1st quarter. Groupama Asset Managment now owns 12,377 shares of the company’s stock valued at $805,000 after acquiring an additional 499 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in Ferrovial by 6.8% in the 2nd quarter. Versant Capital Management Inc now owns 9,542 shares of the company’s stock valued at $654,000 after acquiring an additional 610 shares in the last quarter. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Ferrovial Company Profile

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.