Analysts Set Ferrari N.V. (NYSE:RACE) PT at $482.17

Ferrari N.V. (NYSE:RACEGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $482.1670.

RACE has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on shares of Ferrari from $460.00 to $457.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Ferrari in a report on Monday, December 29th. Citigroup upgraded shares of Ferrari from a “sell” rating to a “neutral” rating in a report on Thursday. HSBC reissued a “hold” rating on shares of Ferrari in a research report on Tuesday, January 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ferrari in a research report on Wednesday.

Get Our Latest Stock Analysis on RACE

Hedge Funds Weigh In On Ferrari

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new stake in shares of Ferrari in the third quarter worth $27,000. Westside Investment Management Inc. raised its holdings in Ferrari by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 56 shares of the company’s stock worth $27,000 after acquiring an additional 28 shares during the period. Root Financial Partners LLC acquired a new position in Ferrari during the 3rd quarter worth $28,000. Fideuram Asset Management Ireland dac bought a new stake in Ferrari during the fourth quarter valued at about $29,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Ferrari during the second quarter valued at about $30,000.

Key Stories Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

Ferrari Stock Performance

Shares of NYSE RACE opened at $378.83 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.90 and a quick ratio of 3.78. Ferrari has a one year low of $328.00 and a one year high of $519.10. The business’s 50-day moving average price is $360.34 and its two-hundred day moving average price is $411.32. The company has a market capitalization of $91.82 billion, a P/E ratio of 37.47, a price-to-earnings-growth ratio of 3.64 and a beta of 0.99.

About Ferrari

(Get Free Report)

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.

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Analyst Recommendations for Ferrari (NYSE:RACE)

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