Ferrari N.V. (NYSE:RACE) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Ferrari N.V. has received a consensus rating of "Moderate Buy" from nine analysts, with seven buy recommendations, one hold, and one sell recommendation.
• The average one-year price target for Ferrari shares is $531.67, with UBS recently raising their target from $540 to $570.
• Ferrari reported earnings of $2.70 per share, exceeding estimates, along with a revenue of $2.12 billion, marking a year-over-year increase of 4.4%.

Shares of Ferrari N.V. (NYSE:RACE - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the nine analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $531.6667.

Several brokerages have recently weighed in on RACE. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ferrari in a research note on Monday, August 4th. UBS Group upped their target price on Ferrari from $540.00 to $570.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Cfra Research downgraded Ferrari from a "hold" rating to a "moderate sell" rating in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft raised Ferrari from a "hold" rating to a "buy" rating in a research note on Tuesday, September 2nd. Finally, Zacks Research downgraded Ferrari from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 29th.

Institutional Trading of Ferrari

Several large investors have recently made changes to their positions in RACE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ferrari by 60.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 148 shares of the company's stock worth $63,000 after purchasing an additional 56 shares in the last quarter. NorthRock Partners LLC increased its position in shares of Ferrari by 6.0% during the fourth quarter. NorthRock Partners LLC now owns 617 shares of the company's stock worth $262,000 after purchasing an additional 35 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Ferrari by 9.2% during the fourth quarter. Quantinno Capital Management LP now owns 11,734 shares of the company's stock worth $4,996,000 after purchasing an additional 985 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Ferrari during the fourth quarter worth approximately $444,000. Finally, Silvercrest Asset Management Group LLC increased its position in shares of Ferrari by 0.4% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 22,174 shares of the company's stock worth $9,420,000 after purchasing an additional 92 shares in the last quarter.

Ferrari Trading Down 0.3%

Shares of NYSE:RACE opened at $477.89 on Monday. Ferrari has a 12-month low of $391.54 and a 12-month high of $519.10. The company has a market capitalization of $115.83 billion, a PE ratio of 49.32, a PEG ratio of 5.45 and a beta of 1.09. The business has a 50 day moving average of $478.37 and a two-hundred day moving average of $466.15. The company has a current ratio of 5.09, a quick ratio of 3.94 and a debt-to-equity ratio of 0.89.

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

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