Ferrovial (NASDAQ:FER) Reaches New 12-Month Low – Should You Sell?

Ferrovial SE (NASDAQ:FER)’s share price reached a new 52-week low on Thursday . The stock traded as low as $55.69 and last traded at $55.8170, with a volume of 2167 shares trading hands. The stock had previously closed at $56.56.

Wall Street Analysts Forecast Growth

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

Ferrovial Stock Up 1.2%

The stock has a 50 day simple moving average of $62.67 and a two-hundred day simple moving average of $66.13. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.20.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FER. Cloverfields Capital Group LP acquired a new stake in shares of Ferrovial during the 1st quarter worth approximately $1,547,000. Cooper Investors PTY Ltd. lifted its stake in shares of Ferrovial by 23.7% in the 2nd quarter. Cooper Investors PTY Ltd. now owns 129,165 shares of the company’s stock valued at $8,862,000 after purchasing an additional 24,783 shares during the period. J. Safra Sarasin Holding AG boosted its holdings in Ferrovial by 1.9% during the first quarter. J. Safra Sarasin Holding AG now owns 1,074,671 shares of the company’s stock worth $68,623,000 after buying an additional 20,101 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in Ferrovial by 7.2% during the first quarter. Maryland State Retirement & Pension System now owns 593,034 shares of the company’s stock worth $38,012,000 after buying an additional 39,694 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Ferrovial by 26.8% during the first quarter. Swiss National Bank now owns 1,778,470 shares of the company’s stock worth $113,643,000 after buying an additional 375,590 shares in the last quarter. 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, 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.