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

Key Points

• Ferrari N.V. has received an average consensus rating of "Moderate Buy" from thirteen brokerages, with nine analysts recommending a buy and only one analyst suggesting a sell.
• The stock's average price target is set at $528.80, with notable upgrades from HSBC and UBS Group raising their targets to $470.00 and $579.00 respectively.
• Ferrari reported a 4.4% increase in quarterly revenue year-over-year, exceeding analysts' expectations, and has set its FY 2025 EPS guidance at 9.751.

Ferrari N.V. (NYSE:RACE - Get Free Report) has been given an average rating of "Moderate Buy" by the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $528.80.

RACE has been the subject of several recent research reports. HSBC raised 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. Berenberg Bank set a $570.00 price target on shares of Ferrari in a research report on Friday, October 3rd. UBS Group upped their price target on shares of Ferrari from $570.00 to $579.00 and gave the stock a "buy" rating in a research report on Friday, October 3rd. Weiss Ratings reissued a "buy (b)" rating on shares of Ferrari in a research report on Wednesday. Finally, Citigroup reissued a "sell" rating on shares of Ferrari in a research report on Monday, August 11th.

Ferrari Stock Down 15.0%

RACE stock opened at $407.20 on Friday. The business has a 50-day moving average of $471.50 and a 200-day moving average of $469.93. Ferrari has a fifty-two week low of $391.54 and a fifty-two week high of $519.10. The stock has a market capitalization of $98.70 billion, a P/E ratio of 42.02, a P/E/G ratio of 3.86 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 (NYSE:RACE - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $2.70 EPS for the quarter, beating the consensus estimate of $2.57 by $0.13. Ferrari had a return on equity of 45.41% and a net margin of 22.95%.The firm had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2.05 billion. During the same period in the prior year, the firm posted $2.29 earnings per share. The business'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. On average, sell-side analysts anticipate that Ferrari will post 9.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ferrari

A number of institutional investors have recently bought and sold shares of the business. Sound View Wealth Advisors Group LLC increased its position in Ferrari by 1.0% during the first quarter. Sound View Wealth Advisors Group LLC now owns 2,198 shares of the company's stock worth $940,000 after buying an additional 21 shares during the last quarter. GAMMA Investing LLC lifted its position in Ferrari by 41.2% during the second quarter. GAMMA Investing LLC now owns 72 shares of the company's stock worth $35,000 after acquiring an additional 21 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Ferrari by 3.7% during the second quarter. Benjamin Edwards Inc. now owns 613 shares of the company's stock worth $299,000 after acquiring an additional 22 shares during the last quarter. Allworth Financial LP lifted its position in Ferrari by 7.5% during the second quarter. Allworth Financial LP now owns 330 shares of the company's stock worth $162,000 after acquiring an additional 23 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its position in Ferrari by 2.2% during the second quarter. Valeo Financial Advisors LLC now owns 1,086 shares of the company's stock worth $532,000 after acquiring an additional 23 shares during the last quarter.

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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