Ferrovial (NASDAQ:FER) Shares Gap Up – What’s Next?

Ferrovial SE (NASDAQ:FER) gapped up before the market opened 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 trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a report on Tuesday, September 22nd. Zacks Research lowered shares of Ferrovial from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. JPMorgan Chase & Co. cut shares of Ferrovial from an “overweight” rating to a “neutral” rating in a research report on Tuesday, October 6th. Bank of America reissued a “buy” rating on shares of Ferrovial in a research note on Monday, September 14th. Finally, Kepler Capital Markets lowered shares of Ferrovial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 17th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Ferrovial has a consensus rating of “Hold” and an average price target of $70.47.

Ferrovial Price Performance

The company’s 50-day moving average price is $54.88 and its 200 day moving average price is $64.39. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09.

Hedge Funds Weigh In On Ferrovial

A number of institutional investors have recently bought and sold shares of FER. Elevation Wealth Partners LLC boosted its stake in 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 acquiring an additional 436 shares in the last quarter. 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. Farther Finance Advisors LLC grew its holdings in Ferrovial by 32.7% in the third quarter. Farther Finance Advisors LLC now owns 1,103 shares of the company’s stock worth $60,000 after purchasing an additional 272 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Ferrovial by 73.8% in the first 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 during the period. Finally, Signaturefd LLC increased its stake in shares of Ferrovial by 48.1% during the third quarter. Signaturefd LLC now owns 3,195 shares of the company’s stock valued at $173,000 after purchasing an additional 1,037 shares in the last quarter. 22.28% of the stock is owned by 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.