Analysts Set Ferrari N.V. (NYSE:RACE) Price Target at $526.25

Key Points

• Ferrari N.V. has received a consensus rating of "Moderate Buy" from nine research firms, with seven analysts rating it as a buy, one as hold, and one as sell.
• The average 1-year price target for Ferrari's stock is $526.25, reflecting optimism among analysts about its future performance.
• Ferrari reported earnings of $2.70 per share, surpassing estimates and revealing a 4.4% year-over-year revenue growth, totaling $2.12 billion for the recent quarter.

Shares of Ferrari N.V. (NYSE:RACE - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $526.25.

RACE has been the topic of several research analyst reports. Cfra Research cut shares of Ferrari from a "hold" rating to a "moderate sell" rating in a research report on Thursday, July 31st. Citigroup reiterated a "sell" rating on shares of Ferrari in a research report on Monday, August 11th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Ferrari in a research report on Monday, August 4th. Wall Street Zen cut shares of Ferrari from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, UBS Group lifted their price objective on shares of Ferrari from $520.00 to $560.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th.

Hedge Funds Weigh In On Ferrari

Several institutional investors and hedge funds have recently modified their holdings of the stock. Groupama Asset Managment grew its holdings in shares of Ferrari by 24,598.5% during the 2nd quarter. Groupama Asset Managment now owns 16,073,800 shares of the company's stock valued at $7,888,057,000 after acquiring an additional 16,008,720 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Ferrari by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 5,071,130 shares of the company's stock valued at $2,165,683,000 after acquiring an additional 377,929 shares in the last quarter. Bank of Italy grew its holdings in shares of Ferrari by 2.9% during the 1st quarter. Bank of Italy now owns 2,407,271 shares of the company's stock valued at $1,021,078,000 after acquiring an additional 67,651 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Ferrari by 52.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,277,115 shares of the company's stock valued at $974,332,000 after acquiring an additional 781,587 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Ferrari by 5.6% during the 2nd quarter. Alliancebernstein L.P. now owns 1,866,558 shares of the company's stock valued at $915,995,000 after acquiring an additional 99,221 shares in the last quarter.

Ferrari Price Performance

Ferrari stock traded up $4.1790 during mid-day trading on Thursday, hitting $471.1990. The company's stock had a trading volume of 319,786 shares, compared to its average volume of 603,656. The company has a quick ratio of 3.94, a current ratio of 5.09 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $114.21 billion, a P/E ratio of 48.63, a P/E/G ratio of 5.09 and a beta of 1.09. Ferrari has a twelve month low of $391.54 and a twelve month high of $519.10. The stock's fifty day moving average price is $476.99 and its two-hundred day moving average price is $466.95.

Ferrari (NYSE:RACE - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.13. Ferrari had a net margin of 22.95% and a return on equity of 45.41%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the business posted $2.29 earnings per share. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. Ferrari has set its FY 2025 guidance at 9.751- EPS. Research analysts forecast that Ferrari will post 9.22 earnings per share for the current year.

About Ferrari

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.