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Low Beta Stocks To Offset A Possible Hard Landing
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S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
The Odds Are High Costco Will Declare a Special Dividend Soon 
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Stock market today: Global shares mostly fall over China worries
Would Buffett Approve of This Growth Strategy? (Ad)
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
Video: Jack in the Box Employee Shoots at Customer Over Alleged Missing Curly Fries, Family Files Lawsuit
Would Buffett Approve of This Growth Strategy? (Ad)
Low Beta Stocks To Offset A Possible Hard Landing
3 Mid-Cap Momentum Plays to Ride Into Q4
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
The Odds Are High Costco Will Declare a Special Dividend Soon 
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Stock market today: Global shares mostly fall over China worries
Would Buffett Approve of This Growth Strategy? (Ad)
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
Video: Jack in the Box Employee Shoots at Customer Over Alleged Missing Curly Fries, Family Files Lawsuit
Would Buffett Approve of This Growth Strategy? (Ad)
Low Beta Stocks To Offset A Possible Hard Landing
3 Mid-Cap Momentum Plays to Ride Into Q4
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
The Odds Are High Costco Will Declare a Special Dividend Soon 
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Stock market today: Global shares mostly fall over China worries
Would Buffett Approve of This Growth Strategy? (Ad)
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
Video: Jack in the Box Employee Shoots at Customer Over Alleged Missing Curly Fries, Family Files Lawsuit
Would Buffett Approve of This Growth Strategy? (Ad)
Low Beta Stocks To Offset A Possible Hard Landing
3 Mid-Cap Momentum Plays to Ride Into Q4
NYSE:RACE

Ferrari (RACE) Stock Forecast, Price & News

$287.56
+1.82 (+0.64%)
(As of 09/27/2023 ET)
Compare
Today's Range
$285.05
$290.26
50-Day Range
$285.65
$321.74
52-Week Range
$176.82
$329.88
Volume
297,961 shs
Average Volume
270,677 shs
Market Capitalization
N/A
P/E Ratio
46.31
Dividend Yield
N/A
Price Target
$308.73

Ferrari MarketRank™ Forecast

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
7.4% Upside
$308.73 Price Target
Short Interest
Bearish
1.78% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.24mentions of Ferrari in the last 14 days
Based on 32 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.31%
From $7.05 to $8.20 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.84 out of 5 stars


RACE stock logo

About Ferrari (NYSE:RACE) Stock

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. Ferrari N.V. was founded in 1947 and is headquartered in Maranello, Italy.

RACE Price History

RACE Stock News Headlines

Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Ferrari N. V. Periodic Report on the Buyback Program
Vasseur CONFIDENT Ferrari can outpace McLaren
Verstappen completes Japanese GP practice sweep
Ferrari RTW Spring 2024
Why This Engine Was Banned From Racing
See More Headlines
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RACE Company Calendar

Last Earnings
8/02/2023
Today
9/28/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
N/A
Fax
N/A
Employees
4,919
Year Founded
1947

Price Target and Rating

Average Stock Price Forecast
$308.73
High Stock Price Forecast
$380.00
Low Stock Price Forecast
$230.60
Forecasted Upside/Downside
+7.4%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$982.60 million
Pretax Margin
24.99%

Debt

Sales & Book Value

Annual Sales
$5.52 billion
Cash Flow
$8.46 per share
Book Value
$14.84 per share

Miscellaneous

Free Float
N/A
Market Cap
$53.13 billion
Optionable
Optionable
Beta
1.02

Social Links

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Key Executives

  • Mr. John Jacob Philip Elkann (Age 47)
    Exec. Chairman
    Comp: $1.29M
  • Mr. Benedetto Vigna (Age 54)
    CEO & Exec. Director
    Comp: $4.25M
  • Mr. Antonio Picca Piccon (Age 59)
    Chief Financial Officer
  • Mr. Davide Abate (Age 39)
    Chief Technologies & Infrastructures Officer
  • Ms. Nicoletta Russo
    Head of Investor Relations
  • Mr. Carlo Daneo (Age 55)
    Gen. Counsel
  • Ms. Sabina Fasciolo (Age 55)
    Chief Compliance Officer
  • Ms. Francesca Montini
    Chief Communications Officer
  • Mr. Enrico Galliera (Age 57)
    Chief Marketing & Commercial Officer
  • Mr. Michele Antoniazzi (Age 54)
    Chief HR Officer













RACE Stock - Frequently Asked Questions

Should I buy or sell Ferrari stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

9 brokerages have issued 12-month price objectives for Ferrari's shares. Their RACE share price forecasts range from $230.60 to $380.00. On average, they expect the company's stock price to reach $308.73 in the next twelve months. This suggests a possible upside of 7.4% 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 2023?

Ferrari's stock was trading at $214.22 at the beginning of 2023. Since then, RACE shares have increased by 34.2% and is now trading at $287.56.
View the best growth stocks for 2023 here
.

When is Ferrari's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our RACE earnings forecast
.

How were Ferrari's earnings last quarter?

Ferrari (NYSE:RACE) issued its quarterly earnings data on Wednesday, August, 2nd. The company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.22. The company had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.58 billion. Ferrari had a net margin of 19.60% and a trailing twelve-month return on equity of 40.70%.

How often does Ferrari pay dividends? What is the dividend yield for Ferrari?

Ferrari declared an annual dividend on Tuesday, April 18th. Shareholders of record on Tuesday, April 25th will be paid a dividend of $1.9876 per share on Friday, May 5th. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, April 24th. This is a positive change from the stock's previous annual dividend of $1.36.
Read our dividend analysis for RACE
.

Is Ferrari a good dividend stock?

Ferrari (NYSE:RACE) pays an annual dividend of $0.51 per share and currently has a dividend yield of 0.00%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RACE will have a dividend payout ratio of 6.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RACE.

What guidance has Ferrari issued on next quarter's earnings?

Ferrari issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $6.81-$6.98 for the period, compared to the consensus earnings per share estimate of $7.04. The company issued revenue guidance of $6.32 billion-$6.32 billion, compared to the consensus revenue estimate of $6.44 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).

What is Ferrari's stock symbol?

Ferrari trades on the New York Stock Exchange (NYSE) under the ticker symbol "RACE."

Who are Ferrari's major shareholders?

Ferrari's stock is owned by a number of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (0.00%), Bank of Italy (0.00%), WCM Investment Management LLC (0.00%), Bank of New York Mellon Corp (0.00%), Alliancebernstein L.P. (0.00%) and Capital Research Global Investors (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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ferrari's stock price today?

One share of RACE stock can currently be purchased for approximately $287.56.

How much money does Ferrari make?

Ferrari (NYSE:RACE) has a market capitalization of $53.13 billion and generates $5.52 billion in revenue each year. The company earns $982.60 million in net income (profit) each year or $6.21 on an earnings per share basis.

How many employees does Ferrari have?

The company employs 4,919 workers across the globe.

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
How can I contact Ferrari?

Ferrari's mailing address is VIA ABETONE INFERIORE N. 4, MARANELLO L6, I-41053. The official website for the company is www.ferrari.com. The company can be reached via phone at 390536949111.

This page (NYSE:RACE) was last updated on 9/28/2023 by MarketBeat.com Staff

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