Ferrari N.V. (NYSE:RACE – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $531.6667.
RACE has been the subject of several analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of Ferrari in a report on Monday, August 4th. Zacks Research cut Ferrari from a “strong-buy” rating to a “hold” rating in a report on Friday, August 29th. UBS Group upped their target price on Ferrari from $540.00 to $570.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Cfra Research cut Ferrari from a “hold” rating to a “moderate sell” rating in a report on Thursday, July 31st. Finally, Citigroup restated a “sell” rating on shares of Ferrari in a report on Monday, August 11th.
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Read Our Latest Analysis on Ferrari
Ferrari Stock Down 0.3%
Shares of RACE opened at $477.89 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.94 and a current ratio of 5.09. The stock has a 50 day moving average price of $478.37 and a 200 day moving average price of $466.15. The stock has a market capitalization of $115.83 billion, a price-to-earnings ratio of 49.32, a PEG ratio of 5.45 and a beta of 1.09. Ferrari has a one year low of $391.54 and a one year high of $519.10.
Ferrari (NYSE:RACE – Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.13. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Ferrari had a return on equity of 45.41% and a net margin of 22.95%.The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.29 EPS. Ferrari has set its FY 2025 guidance at 9.751- EPS. Equities research analysts forecast that Ferrari will post 9.22 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Ferrari
Hedge funds have recently modified their holdings of the business. Newbridge Financial Services Group Inc. purchased a new position in shares of Ferrari during the 2nd quarter worth $30,000. GW&K Investment Management LLC grew its holdings in shares of Ferrari by 288.9% during the 1st quarter. GW&K Investment Management LLC now owns 70 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares during the period. Virtus Advisers LLC purchased a new position in shares of Ferrari during the 2nd quarter worth $34,000. GAMMA Investing LLC grew its holdings in shares of Ferrari by 41.2% during the 2nd quarter. GAMMA Investing LLC now owns 72 shares of the company’s stock worth $35,000 after purchasing an additional 21 shares during the period. Finally, Park Square Financial Group LLC purchased a new position in shares of Ferrari during the 4th quarter worth $32,000.
Ferrari Company Profile
(Get Free Report)
Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods.
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