Ferrari N.V. (NYSE:RACE) Receives $528.80 Consensus Price Target from Analysts

Shares of Ferrari N.V. (NYSE:RACE) have been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $519.8333.

Several brokerages recently issued reports on RACE. Hsbc Global Res upgraded shares of Ferrari from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. HSBC upgraded shares of Ferrari from a “hold” rating to a “buy” rating and set a $470.00 price target for the company in a research report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft raised shares of Ferrari from a “hold” rating to a “buy” rating in a research note on Tuesday, September 2nd. Cfra Research downgraded shares of Ferrari from a “hold” rating to a “moderate sell” rating in a research note on Thursday, July 31st. Finally, Zacks Research downgraded shares of Ferrari from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 29th.

Institutional Investors Weigh In On Ferrari

Institutional investors have recently made changes to their positions in the company. Bridgewater Advisors Inc. purchased a new stake in shares of Ferrari during the first quarter valued at approximately $492,000. Thoroughbred Financial Services LLC raised its position in Ferrari by 39.7% in the first quarter. Thoroughbred Financial Services LLC now owns 10,286 shares of the company’s stock worth $4,401,000 after acquiring an additional 2,925 shares during the period. Banco Santander S.A. raised its position in Ferrari by 35.3% in the first quarter. Banco Santander S.A. now owns 560,999 shares of the company’s stock worth $240,040,000 after acquiring an additional 146,279 shares during the period. Callan Family Office LLC lifted its stake in shares of Ferrari by 58.5% during the 2nd quarter. Callan Family Office LLC now owns 4,378 shares of the company’s stock valued at $2,148,000 after buying an additional 1,615 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its stake in shares of Ferrari by 75.1% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 3,580 shares of the company’s stock valued at $1,532,000 after buying an additional 1,535 shares in the last quarter.

Ferrari Stock Down 3.0%

RACE opened at $395.30 on Friday. The company has a fifty day moving average price of $470.68 and a 200-day moving average price of $470.35. The firm has a market capitalization of $95.81 billion, a P/E ratio of 40.79, a price-to-earnings-growth ratio of 3.19 and a beta of 1.08. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.09 and a quick ratio of 3.94. Ferrari has a one year low of $391.54 and a one year high of $519.10.

Ferrari (NYSE:RACE) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.13. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.05 billion. Ferrari had a net margin of 22.95% and a return on equity of 45.41%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.29 EPS. Ferrari has set its FY 2025 guidance at 9.751- EPS. Equities research analysts expect that Ferrari will post 9.22 earnings per share for the current fiscal year.

Ferrari Company Profile

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.