NYSE:RACE Ferrari (RACE) Stock Price, News & Analysis → AI Hell Will Break Loose [June 30, 2024] … (From Banyan Hill Publishing) (Ad) Free RACE Stock Alerts $414.30 -2.62 (-0.63%) (As of 01:43 PM ET) Add Compare Share Share Today's Range$413.50▼$416.7050-Day Range$401.00▼$435.9452-Week Range$285.02▼$442.80Volume100,898 shsAverage Volume290,561 shsMarket CapitalizationN/AP/E Ratio52.91Dividend YieldN/APrice Target$456.67 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Ferrari alerts: Email Address Ferrari MarketRank™ Stock AnalysisAnalyst RatingHold2.40 Rating ScoreUpside/Downside10.2% Upside$456.67 Price TargetShort InterestBearish1.38% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.74Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth11.10%From $8.20 to $9.11 Per ShareSee Full Details Hide Full Details 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.2.43 out of 5 starsAuto/Tires/Trucks Sector58th out of 82 stocksMotor Vehicles & Car Bodies Industry17th out of 27 stocks 3.2 Analyst's Opinion Consensus RatingFerrari 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 CoverageFerrari has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Ferrari's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted1.38% of the float of Ferrari has been sold short.Short Interest Ratio / Days to CoverFerrari has a short interest ratio ("days to cover") of 6.4.Change versus previous monthShort interest in Ferrari has recently increased by 0.60%, indicating that investor sentiment is decreasing. Previous Next 0.8 Dividend Strength Dividend YieldFerrari does not currently pay a dividend.Dividend GrowthFerrari has only been increasing its dividend for 3 years.Dividend SustainabilityBased on earnings estimates, Ferrari will have a dividend payout ratio of 28.76% next year. This indicates that Ferrari will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RACE. Previous Next 1.5 News and Social Media Coverage News SentimentFerrari has a news sentiment score of 0.74. 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 WeekMarketBeat has tracked 5 news articles for Ferrari this week, compared to 38 articles on an average week.Search InterestOnly 15 people have searched for RACE on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.MarketBeat FollowsOnly 5 people have added Ferrari to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days. Previous Next N/A Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ferrari insiders have not sold or bought any company stock.Read more about Ferrari's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Ferrari are expected to grow by 11.10% in the coming year, from $8.20 to $9.11 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ferrari is 52.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.60.Price to Earnings Ratio vs. SectorThe P/E ratio of Ferrari is 52.93, 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 9.69.Price to Earnings Growth RatioFerrari has a PEG Ratio of 5.12. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFerrari has a P/B Ratio of 27.93. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Ferrari's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Banyan Hill PublishingWhy June 30 Will Be the Tipping Point for AIAI is already replacing workers in warehouses. It’s spreading like lightning in the software, legal and engineering industries… It’s now estimated at least 300 million jobs worldwide are in AI’s crosshairs.Click here for details. 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.Read More RACE Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RACE Stock News HeadlinesJune 6 at 4:00 PM | fortune.comPorsche and Ferrari sales slump in China as car buyers flock to EVs insteadJune 3, 2024 | globenewswire.comFerrari N.V.: Periodic Report on the Buyback ProgramJune 1, 2024 | fool.comWhy I'm Not Selling My Ferrari Stock Even After a 100% GainMay 31, 2024 | seekingalpha.comFerrari: I'm Waiting For A Better Valuation (Downgrade)May 30, 2024 | americanbankingnews.comFerrari (NYSE:RACE) Lowered to "Hold" at StockNews.comMay 29, 2024 | msn.comFerrari star delivers HOPEFUL verdict amid Red Bull strugglesMay 28, 2024 | americanbankingnews.comFerrari (NYSE:RACE) Given Average Recommendation of "Hold" by AnalystsMay 27, 2024 | msn.comFerrari’s Leclerc wins F1 Monaco GP after 1st lap crash takes out Perez and 2 other carsMay 27, 2024 | msn.comHamilton dealt new Ferrari blow amid F1 record lowMay 27, 2024 | msn.comLeclerc's win removes Monaco millstone. Ferrari boss hopeful the gap to Red Bull is closingMay 27, 2024 | globenewswire.comFerrari N.V.: Periodic Report on the Buyback ProgramMay 26, 2024 | msn.comF1 Monaco Grand Prix live stream: Watch the race for freeMay 26, 2024 | reuters.comVerstappen says Monaco was cool, race less soMay 26, 2024 | msn.comFerrari’s Charles Leclerc in tears after finally winning home race in MonacoMay 26, 2024 | fortune.comFerrari 296 GTS Hybrid Review: ‘Arresting, uncanny beauty’ with $366,139 price tagMay 26, 2024 | msn.comFIA announce Monaco penalty verdict for Ferrari starMay 25, 2024 | msn.comWhat channel is Monaco Grand Prix on today? TV schedule, start time for 2024 raceMay 23, 2024 | msn.comFerrari CEO compares the Chinese EV challenge to Formula 1May 23, 2024 | finance.yahoo.comFerrari Aims to Challenge Tesla with Launch of Electric Supercar in 2025May 22, 2024 | msn.comThe One Thing the Ferrari 458 Speciale Was MissingMay 22, 2024 | msn.comDoes Ferrari have an F1 engine power problem in qualifying?May 22, 2024 | investorplace.com3 No Brainer EV Stocks to Buy and Hold for the Long TermMay 21, 2024 | msn.comRival F1 star 'preferred' to Lewis Hamilton at FerrariMay 21, 2024 | reuters.comFrom Trento to the podium, the Ferrari putting fizz into F1May 21, 2024 | msn.comMotor racing-From Trento to the podium, the Ferrari putting fizz into F1See More Headlines Receive RACE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ferrari and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 5/3 Dividend4/22/2024Dividend Payable5/03/2024Last Earnings5/07/2024Today6/07/2024Next Earnings (Estimated)8/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorAuto/Tires/Trucks Industry Motor vehicles & car bodies Sub-IndustryN/A Current SymbolNYSE:RACE CUSIPN/A CIK1648416 Webwww.ferrari.com Phone390536949111FaxN/AEmployees4,988Year Founded1947Price Target and Rating Average Stock Price Target$456.67 High Stock Price Target$512.00 Low Stock Price Target$400.00 Potential Upside/Downside+9.6%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$7.83 Trailing P/E Ratio53.21 Forward P/E Ratio50.81 P/E Growth5.12Net Income$1.36 billion Net Margins21.42% Pretax Margin27.14% Return on Equity43.94% Return on Assets16.10% Debt Debt-to-Equity Ratio0.80 Current Ratio4.18 Quick Ratio3.25 Sales & Book Value Annual Sales$6.46 billion Price / SalesN/A Cash Flow$8.36 per share Price / Cash Flow49.86 Book Value$14.84 per share Price / Book28.08Miscellaneous Outstanding SharesN/AFree FloatN/AMarket CapN/A OptionableOptionable Beta1.01 Social Links Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. John Jacob Philip Elkann (Age 48)Executive Chairman Comp: $1.64MMr. Benedetto Vigna (Age 55)CEO & Executive Director Comp: $5.09MMr. Antonio Picca Piccon (Age 60)Chief Financial Officer Mr. Davide Abate (Age 40)Chief Technologies & Infrastructures Officer Ms. Nicoletta RussoHead of Investor RelationsMr. 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 More ExecutivesKey CompetitorsHonda MotorNYSE:HMCVinFast AutoNASDAQ:VFSTeslaNASDAQ:TSLAToyota MotorNYSE:TMStellantisNYSE:STLAView All CompetitorsInstitutional OwnershipDekaBank Deutsche GirozentraleBought 20,426 shares on 6/4/2024Ownership: 0.000%Cetera Investment AdvisersBought 5,490 shares on 5/24/2024Ownership: 0.000%Cetera Advisors LLCBought 1,267 shares on 5/24/2024Ownership: 0.000%Beck Bode LLCBought 30 shares on 5/22/2024Ownership: 0.000%LRI Investments LLCBought 200 shares on 5/21/2024Ownership: 0.000%View All Institutional Transactions RACE Stock Analysis - Frequently Asked Questions Should I buy or sell Ferrari stock right now? 10 Wall Street equities research 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 equities research 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 brokers have issued 12-month price objectives for Ferrari's shares. Their RACE share price targets range from $400.00 to $512.00. On average, they predict the company's stock price to reach $456.67 in the next twelve months. This suggests a possible upside of 10.2% from the stock's current price. 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 22.5% and is now trading at $414.46. 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 Wednesday, August 7th 2024. View our RACE earnings forecast. How were Ferrari's earnings last quarter? Ferrari (NYSE:RACE) issued its quarterly earnings results on Tuesday, May, 7th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.04 by $0.08. The business earned $1.72 billion during the quarter, compared to the consensus estimate of $1.73 billion. Ferrari had a net margin of 21.42% and a trailing twelve-month return on equity of 43.94%. How often does Ferrari pay dividends? What is the dividend yield for Ferrari? Ferrari announced an annual dividend on Saturday, April 13th. Investors of record on Tuesday, April 23rd will be given a dividend of $2.443 per share on Friday, May 3rd. This represents a yield of 0.62%. The ex-dividend date of this dividend is Monday, April 22nd. Read our dividend analysis for RACE. What ETFs hold Ferrari's stock? ETFs with the largest weight of Ferrari (NYSE:RACE) stock in their portfolio include Alpha Architect International Quantitative Momentum ETF (IMOM). What guidance has Ferrari issued on next quarter's earnings? Ferrari updated its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of 8.150- for the period, compared to the consensus EPS estimate of 8.370. The company issued revenue guidance of $7.0 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 many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (0.00%), Vanguard Group Inc. (2.46%), Bank of New York Mellon Corp (0.00%), Price T Rowe Associates Inc. MD (0.00%), Capital Research Global Investors (0.00%) and WCM Investment Management 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 6/7/2024 by MarketBeat.com Staff From Our PartnersCollapse of the Petrodollar The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. 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