Should I buy or sell Ferrari stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" RACE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RACE, but not buy additional shares or sell existing shares. View RACE analyst ratings or view top-rated stocks .

What is Ferrari's stock price target for 2024?

10 Wall Street analysts have issued 1 year target prices for Ferrari's stock. Their RACE share price targets range from $260.00 to $512.00. On average, they anticipate the company's share price to reach $393.86 in the next twelve months. This suggests that the stock has a possible downside of 4.6%. View analysts price targets for RACE or view top-rated stocks among Wall Street analysts .

How have RACE shares performed in 2024?

Ferrari's stock was trading at $338.43 at the beginning of 2024. Since then, RACE stock has increased by 22.0% and is now trading at $412.91. View the best growth stocks for 2024 here .

When is Ferrari's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. View our RACE earnings forecast .

How were Ferrari's earnings last quarter?

Ferrari (NYSE:RACE) issued its earnings results on Thursday, February, 1st. The company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.59 by $0.15. The firm earned $1.64 billion during the quarter, compared to the consensus estimate of $1.61 billion. Ferrari had a net margin of 21.06% and a trailing twelve-month return on equity of 43.84%.

How often does Ferrari pay dividends? What is the dividend yield for Ferrari?

Ferrari declared a dividend on Saturday, April 13th. Investors of record on Tuesday, April 23rd will be paid a dividend of $2.443 per share on Friday, May 3rd. This represents a dividend yield of 0.62%. The ex-dividend date of this dividend is Monday, April 22nd. Read our dividend analysis for RACE .

What guidance has Ferrari issued on next quarter's earnings?

Ferrari updated its FY 2024 earnings guidance on Thursday, February, 1st. The company provided earnings per share guidance of 8.070- for the period, compared to the consensus EPS estimate of 8.260. The company issued revenue guidance of $6.9 billion-, compared to the consensus revenue estimate of $7.1 billion.

What other stocks do shareholders of Ferrari own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ferrari investors own include Alibaba Group (BABA) , NVIDIA (NVDA) , Home Depot (HD) , Intel (INTC) , Netflix (NFLX) , Cisco Systems (CSCO) , JPMorgan Chase & Co. (JPM) , Bank of America (BAC) , Salesforce (CRM) and Walt Disney (DIS) .

Who are Ferrari's major shareholders?

Ferrari's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Rheos Capital Works Inc. (0.00%), Douglas Lane & Associates LLC (0.00%), Stonebridge Capital Management Inc. (0.00%), Park Avenue Securities LLC (0.00%), Gateway Investment Advisers LLC (0.00%) and Miracle Mile Advisors LLC (0.00%).

How do I buy shares of Ferrari?

Shares of RACE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Ferrari have any subsidiaries?

The following companies are subsidiares of Ferrari: Ferrari (HK) Limited, Ferrari Australasia Pty Limited, Ferrari Central Europe GmbH (1), Ferrari Far East Pte Limited, Ferrari Financial Services Inc., Ferrari International Cars Trading (Shanghai) Co. L.t.d., Ferrari Japan KK, Ferrari Management Consulting (Shanghai) Co. L.t.d., Ferrari North America Inc., Ferrari S.p.A., Ferrari South West Europe S.a.r.l., G.S.A. S.A., and Mugello Circuit S.p.A.. Read More

NYSE:RACE

Ferrari (RACE) Stock Price, News & Analysis

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$412.62

-3.38 (-0.81%)

(As of 05:32 PM ET)

Compare

Today's Range: $410.34
▼
$417.90
50-Day Range: $377.22
▼
$439.59
52-Week Range: $272.70
▼
$442.80

Volume: 216,055 shs
Average Volume: 308,953 shs
Market Capitalization: N/A

P/E Ratio: 55.39
Dividend Yield: N/A
Price Target: $393.86

Get Ferrari alerts:

Ferrari MarketRank™ Stock Analysis

Analyst Rating: Hold
2.40 Rating Score
Upside/Downside: 4.6% Downside
$393.86 Price Target
Short Interest: Bearish
1.33% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.41
Based on 34 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 10.59%
From $8.31 to $9.19 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.23 out of 5 stars

2.2

Analyst's Opinion

Consensus Rating
Ferrari has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 5 buy ratings, 4 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Ferrari has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
1.33% of the float of Ferrari has been sold short.
Short Interest Ratio / Days to Cover
Ferrari has a short interest ratio ("days to cover") of 5.1.
Change versus previous month

0.0

Dividend Strength

Dividend Yield
Ferrari does not currently pay a dividend.
Dividend Growth
Ferrari has only been increasing its dividend for 3 years.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RACE.

1.9

News and Social Media Coverage

News Sentiment
Ferrari has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 34 news articles for Ferrari this week, compared to 36 articles on an average week.
Search Interest
26 people have searched for RACE on MarketBeat in the last 30 days. This is an increase of 37% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added Ferrari to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

N/A

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ferrari insiders have not sold or bought any company stock.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Ferrari are expected to grow by 10.59% in the coming year, from $8.31 to $9.19 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ferrari is 55.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ferrari is 55.42, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 13.81.
Price to Earnings Growth Ratio
Ferrari has a PEG Ratio of 3.15. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Ferrari has a P/B Ratio of 27.82. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Ferrari Stock (NYSE:RACE)

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. In addition, the company operates Ferrari museums in Modena and Maranello; Il Cavallino restaurant in Maranello; and theme parks in Abu Dhabi and Spain. Further, it provides direct or indirect finance and leasing services to retail clients and dealers; manages racetracks; develops and sells a range of apparel and accessories; and operates franchised and owned Ferrari stores. The company also sells its products through a network of authorized dealers operating points of sale, as well as through its website. The company was founded in 1947 and is headquartered in Maranello, Italy.

RACE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

RACE Stock News Headlines

April 18, 2024 | reuters.com

Sainz is doing a better job, says Ferrari's Leclerc

April 18, 2024 | msn.com

Trouble for Daniel Ricciardo, Lewis Hamilton to Ferrari statement – F1 news roundup

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 18, 2024 | msn.com

Video: Unveiling the World's most expensive Ferrari

April 18, 2024 | yahoo.com

Make This Street-Legal Ferrari Race Car Your New Daily Driver And Be As Cool As You Are Uncomfortable

April 18, 2024 | msn.com

Brundle questions Ferrari Hamilton decision with Vettel comparison

April 18, 2024 | sports.yahoo.com

Formula 1: Lewis Hamilton says he plans to race 'well into' his 40s

April 18, 2024 | msn.com

Motor racing-Sainz is doing a better job, says Ferrari's Leclerc

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 18, 2024 | msn.com

This Stunning 2010 Ferrari 599 GTB Fiorano Seeks New Home: Here's How to Own It

April 17, 2024 | msn.com

Ferrari 296 GT3: Where Luxury Meets the Racetrack

April 17, 2024 | msn.com

Motor racing-Formula One statistics for the Chinese Grand Prix

April 17, 2024 | yahoo.com

F1 Star Charles Leclerc Adds 2024 Ferrari Purosangue SUV to His Impressive Collection

April 17, 2024 | msn.com

FIA announce verdict after Charles Leclerc’s Ferrari subject to additional Japanese GP inspections

April 17, 2024 | finance.yahoo.com

Ferrari Announces Voting Results From Its Annual General Meeting

April 16, 2024 | msn.com

Lewis Hamilton theory as Adrian Newey to Ferrari rumours grow – F1 news roundup

April 16, 2024 | msn.com

Lewis Hamilton to ‘help’ Charles Leclerc? Ferrari lay down surprise F1 2025 expectations

April 16, 2024 | msn.com

Jacques Villeneuve explains why Lewis Hamilton not the driver facing ‘make or break’ Ferrari test

April 15, 2024 | seekingalpha.com

In The Luxury Car Race We Are Betting On Porsche

April 15, 2024 | investorplace.com

3 High-Priced Stocks That Should Follow Chipotle's 50-for-1 Split

April 15, 2024 | yahoo.com

Iconic Ferrari Prototype Featured at Saratoga Automobile Museum’s Enzo Ferrari Exhibition

April 15, 2024 | msn.com

Bolshy Hamilton race CALL which underlines potential to spark Ferrari

April 15, 2024 | msn.com

F1 star hints future Ferrari move after Hamilton influence

April 15, 2024 | msn.com

'I would personally...' - Ferrari told of ideal pick for Lewis Hamilton's team-mate at Ferrari

April 15, 2024 | globenewswire.com

Ferrari N.V.: Periodic Report on the Buyback Program

April 14, 2024 | msn.com

Sainz proud of gains Ferrari have made: 'Makes racing more fun'

April 12, 2024 | msn.com

F1 reveals new venue for first race as 2025 calendar announced

See More Headlines

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Company Calendar

Last Earnings: 2/01/2024
Today: 4/18/2024
Ex-Dividend for 5/3 Dividend: 4/22/2024
Dividend Payable: 5/03/2024
Next Earnings (Confirmed): 5/07/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Auto/Tires/Trucks
Industry: Motor vehicles & car bodies
Sub-Industry: N/A
Current Symbol: NYSE:RACE
CUSIP: N/A
CIK: 1648416
Web: www.ferrari.com
Phone: 390536949111
Fax: N/A
Employees: 4,988
Year Founded: 1947

Price Target and Rating

Average Stock Price Target: $393.86
High Stock Price Target: $512.00
Low Stock Price Target: $260.00
Potential Upside/Downside: -12.6%
Consensus Rating: Hold
Rating Score (0-4): 2.30
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.45
Trailing P/E Ratio: 55.81
Forward P/E Ratio: 50.04
P/E Growth: 3.15
Net Income: $1.36 billion
Net Margins: 21.06%
Pretax Margin: 26.84%
Return on Equity: 43.84%
Return on Assets: 15.73%

Debt

Debt-to-Equity Ratio: 0.81
Current Ratio: 3.91
Quick Ratio: 2.98

Sales & Book Value

Annual Sales: $6.46 billion
Price / Sales: N/A
Cash Flow: $8.56 per share
Price / Cash Flow: 48.56
Book Value: $14.84 per share
Price / Book: 28.02

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Optionable
Beta: 0.97

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Key Executives

Mr. John Jacob Philip Elkann (Age 48)
Executive Chairman
Comp: $1.64M
Mr. Benedetto Vigna (Age 55)
CEO & Executive Director
Comp: $5.09M
Mr. Antonio Picca Piccon (Age 60)
Chief Financial Officer
Mr. Davide Abate (Age 40)
Chief Technologies & Infrastructures Officer
Ms. Nicoletta Russo
Head of Investor Relations
Mr. Carlo Daneo (Age 56)
General Counsel
Mr. Marco Lovati (Age 52)
Chief Internal Audit, Risk and Compliance Officer
Ms. Francesca Montini (Age 45)
Chief Communications Officer
Mr. Enrico Galliera (Age 58)
Chief Marketing & Commercial Officer
Mr. Michele Antoniazzi (Age 55)
Chief Human Resources Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

RACE Stock Analysis - Frequently Asked Questions

Should I buy or sell Ferrari stock right now?: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" RACE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RACE, but not buy additional shares or sell existing shares.
View RACE analyst ratings or view top-rated stocks.
What is Ferrari's stock price target for 2024?: 10 Wall Street analysts have issued 1 year target prices for Ferrari's stock. Their RACE share price targets range from $260.00 to $512.00. On average, they anticipate the company's share price to reach $393.86 in the next twelve months. This suggests that the stock has a possible downside of 4.6%.
View analysts price targets for RACE or view top-rated stocks among Wall Street analysts.
How have RACE shares performed in 2024?: Ferrari's stock was trading at $338.43 at the beginning of 2024. Since then, RACE stock has increased by 22.0% and is now trading at $412.91.
View the best growth stocks for 2024 here.
When is Ferrari's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our RACE earnings forecast.
How were Ferrari's earnings last quarter?: Ferrari (NYSE:RACE) issued its earnings results on Thursday, February, 1st. The company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.59 by $0.15. The firm earned $1.64 billion during the quarter, compared to the consensus estimate of $1.61 billion. Ferrari had a net margin of 21.06% and a trailing twelve-month return on equity of 43.84%.
How often does Ferrari pay dividends? What is the dividend yield for Ferrari?: Ferrari declared a dividend on Saturday, April 13th. Investors of record on Tuesday, April 23rd will be paid a dividend of $2.443 per share on Friday, May 3rd. This represents a dividend yield of 0.62%. The ex-dividend date of this dividend is Monday, April 22nd.
Read our dividend analysis for RACE.

What guidance has Ferrari issued on next quarter's earnings?: Ferrari updated its FY 2024 earnings guidance on Thursday, February, 1st. The company provided earnings per share guidance of 8.070- for the period, compared to the consensus EPS estimate of 8.260. The company issued revenue guidance of $6.9 billion-, compared to the consensus revenue estimate of $7.1 billion.
What other stocks do shareholders of Ferrari own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Ferrari investors own include Alibaba Group (BABA), NVIDIA (NVDA), Home Depot (HD), Intel (INTC), Netflix (NFLX), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM), Bank of America (BAC), Salesforce (CRM) and Walt Disney (DIS).
Who are Ferrari's major shareholders?: Ferrari's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Rheos Capital Works Inc. (0.00%), Douglas Lane & Associates LLC (0.00%), Stonebridge Capital Management Inc. (0.00%), Park Avenue Securities LLC (0.00%), Gateway Investment Advisers LLC (0.00%) and Miracle Mile Advisors LLC (0.00%).
How do I buy shares of Ferrari?: Shares of RACE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Ferrari have any subsidiaries?: The following companies are subsidiares of Ferrari: Ferrari (HK) Limited, Ferrari Australasia Pty Limited, Ferrari Central Europe GmbH (1), Ferrari Far East Pte Limited, Ferrari Financial Services Inc., Ferrari International Cars Trading (Shanghai) Co. L.t.d., Ferrari Japan KK, Ferrari Management Consulting (Shanghai) Co. L.t.d., Ferrari North America Inc., Ferrari S.p.A., Ferrari South West Europe S.a.r.l., G.S.A. S.A., and Mugello Circuit S.p.A..
Read More

This page (NYSE:RACE) was last updated on 4/18/2024 by MarketBeat.com Staff

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Ferrari (RACE) Stock Price, News & Analysis

Ferrari MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Ferrari Stock (NYSE:RACE)

RACE Stock Price History

RACE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

RACE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™