Ferrari (NYSE:RACE – Get Rating) was upgraded by analysts at Kepler Capital Markets from a “reduce” rating to a “hold” rating in a research note issued to investors on Wednesday, Stock Target Advisor reports.
RACE has been the topic of several other research reports. StockNews.com downgraded Ferrari from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. Redburn Partners upgraded Ferrari from a “neutral” rating to a “buy” rating in a report on Friday, March 11th. UBS Group upped their price target on Ferrari from $260.00 to $263.00 and gave the stock a “buy” rating in a report on Monday, April 4th. BNP Paribas upgraded Ferrari from a “neutral” rating to an “outperform” rating and set a $255.00 price target on the stock in a report on Tuesday, April 12th. Finally, Morgan Stanley cut their price target on Ferrari from $350.00 to $300.00 and set an “overweight” rating on the stock in a report on Tuesday, May 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $241.09.
NYSE:RACE traded up $3.13 on Wednesday, reaching $194.29. The company’s stock had a trading volume of 2,689 shares, compared to its average volume of 511,259. The company has a quick ratio of 3.24, a current ratio of 3.82 and a debt-to-equity ratio of 1.14. The firm has a market cap of $35.90 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 3.50 and a beta of 0.94. Ferrari has a 12-month low of $178.87 and a 12-month high of $278.78. The stock has a 50 day moving average price of $205.72 and a 200 day moving average price of $224.82.
About Ferrari (Get Rating)
Ferrari N.V., through its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hyper cars; one-off and track cars; and Icona cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars.
- Get a free copy of the StockNews.com research report on Ferrari (RACE)
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