Ferrovial (NASDAQ:FER) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Shares of Ferrovial SE (NASDAQ:FER) crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $54.73 and traded as high as $57.14. Ferrovial shares last traded at $56.92, with a volume of 3,272,292 shares traded.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings lowered Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Deutsche Bank Aktiengesellschaft lowered shares of Ferrovial from a “buy” rating to a “hold” rating in a report on Tuesday, October 20th. JPMorgan Chase & Co. cut shares of Ferrovial from an “overweight” rating to a “neutral” rating in a research note on Tuesday, October 6th. Mediobanca raised shares of Ferrovial to an “outperform” rating in a research note on Wednesday, August 19th. Finally, Zacks Research cut Ferrovial from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $70.47.

Ferrovial Trading Down 2.9%

The firm has a 50-day simple moving average of $54.57 and a 200 day simple moving average of $64.28. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.20.

Hedge Funds Weigh In On Ferrovial

A number of large investors have recently modified their holdings of the business. Salomon & Ludwin LLC grew its holdings in Ferrovial by 84.5% in the 3rd 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. Farther Finance Advisors LLC grew its stake in shares of Ferrovial by 32.7% in the third 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 in the last quarter. Elevation Wealth Partners LLC lifted its position in shares of Ferrovial by 172.3% during the third quarter. Elevation Wealth Partners LLC now owns 689 shares of the company’s stock worth $37,000 after purchasing an additional 436 shares in the last quarter. Blue Trust Inc. increased 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 purchasing an additional 450 shares during the last quarter. Finally, Groupama Asset Managment raised its holdings in Ferrovial by 4.2% in the first 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. 22.28% of the stock is owned by hedge funds and other institutional investors.

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.