Ferrari (NYSE:RACE) Upgraded at Zacks Research

Zacks Research upgraded shares of Ferrari (NYSE:RACE) from a strong sell rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

A number of other equities analysts have also commented on the company. The Goldman Sachs Group raised Ferrari to a “strong-buy” rating in a research note on Monday, November 24th. Barclays set a $420.00 price objective on Ferrari and gave the stock an “overweight” rating in a report on Tuesday, December 9th. Loop Capital set a $481.67 target price on shares of Ferrari in a report on Thursday, December 4th. Citigroup reduced their price target on shares of Ferrari from $579.00 to $529.00 and set a “buy” rating on the stock in a research report on Thursday, October 16th. Finally, Evercore ISI lowered their price objective on shares of Ferrari from $580.00 to $475.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Ferrari presently has a consensus rating of “Moderate Buy” and an average target price of $480.67.

Ferrari Price Performance

Shares of NYSE:RACE opened at $338.91 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.78 and a current ratio of 4.90. The firm has a fifty day moving average price of $364.45 and a 200 day moving average price of $418.66. Ferrari has a fifty-two week low of $328.00 and a fifty-two week high of $519.10. The firm has a market cap of $82.15 billion, a price-to-earnings ratio of 34.23, a P/E/G ratio of 3.59 and a beta of 0.99.

Ferrari (NYSE:RACE) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.15. Ferrari had a net margin of 22.65% and a return on equity of 44.20%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.94 billion. As a group, sell-side analysts expect that Ferrari will post 9.22 earnings per share for the current fiscal year.

Institutional Trading of Ferrari

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Groupama Asset Managment grew its stake in shares of Ferrari by 5.7% during the third quarter. Groupama Asset Managment now owns 16,990,621 shares of the company’s stock valued at $8,244,189,000 after buying an additional 916,821 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Ferrari by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 5,213,450 shares of the company’s stock valued at $1,937,388,000 after acquiring an additional 58,506 shares during the period. Amundi boosted its holdings in Ferrari by 8.0% during the 3rd quarter. Amundi now owns 2,972,368 shares of the company’s stock valued at $1,461,008,000 after acquiring an additional 219,909 shares during the period. Bank of New York Mellon Corp grew its position in Ferrari by 63.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,670,762 shares of the company’s stock valued at $1,295,907,000 after acquiring an additional 1,039,234 shares during the last quarter. Finally, Bank of Italy increased its stake in Ferrari by 2.3% in the third quarter. Bank of Italy now owns 2,462,771 shares of the company’s stock worth $1,190,158,000 after purchasing an additional 55,500 shares during the period.

Key Stories Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari made a key technical hiring in an F1 backroom reshuffle — a move investors view as supportive for on-track performance, which matters for brand halo, sponsorship revenue and long‑term desirability of road cars. Ferrari makes key technical signing amid F1 backroom reshuffle
• Positive Sentiment: Zacks Research upgraded RACE from “strong sell” to “hold”, removing a negative rating and reducing near‑term downside pressure from the analyst community. Analyst upgrades can support the stock by encouraging hold/buy flows and lowering immediate sell-side momentum. Zacks.com
• Neutral Sentiment: Ferrari is scheduled/expected to post its upcoming quarterly earnings (timing noted by market writeups); earnings delivery can create short‑term volatility around results and guidance. Ferrari (RACE) Projected to Post Earnings on Tuesday
• Neutral Sentiment: Comparative coverage versus other auto/tech stocks is circulating but provides limited immediate impact on RACE fundamentals; useful for investors reweighting within autos. Ferrari (NYSE:RACE) vs. Gentex (NASDAQ:GNTX) Critical Contrast
• Negative Sentiment: A Zacks preview notes Ferrari’s earnings are expected to grow but argues the company lacks the setup for an earnings beat this quarter — a view that could weigh on the stock if results disappoint relative to consensus. Ferrari (RACE) Earnings Expected to Grow: Should You Buy?

About Ferrari

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.