Ferrari Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last twelve months. There are currently 3 sell ratings, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Ferrari stock. 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.
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Ferrari saw a decrease in short interest in July. As of July 15th, there was short interest totaling 1,220,000 shares, a decrease of 17.0% from the June 30th total of 1,470,000 shares. Based on an average trading volume of 267,000 shares, the days-to-cover ratio is presently 4.6 days. Approximately 1.0% of the shares of the stock are sold short.
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Ferrari is scheduled to release its next quarterly earnings announcement on Monday, August 2nd 2021.
View our earnings forecast for Ferrari.

Ferrari will be holding an earnings conference call on Monday, August 2nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Ferrari (NYSE:RACE) announced its quarterly earnings results on Tuesday, May, 4th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.33 by $0.22. The business earned $1.01 billion during the quarter, compared to analyst estimates of $1.04 billion. Ferrari had a trailing twelve-month return on equity of 35.60% and a net margin of 18.52%. The firm's revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted $0.90 EPS.
View Ferrari's earnings history.

Ferrari's stock was trading at $143.04 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, RACE shares have increased by 48.2% and is now trading at $211.99.
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Ferrari announced an annual dividend on Friday, April 16th. Shareholders of record on Tuesday, April 20th will be paid a dividend of $1.0445 per share on Wednesday, May 5th. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, April 19th.
View Ferrari's dividend history.

Ferrari updated its FY 2021 earnings guidance on Tuesday, May, 18th. The company provided earnings per share (EPS) guidance of 4.824-5.065 for the period, compared to the Thomson Reuters consensus estimate of $4.990. The company issued revenue guidance of $5.19 billion-$5.19 billion, compared to the consensus revenue estimate of $5.16 billion.

15 Wall Street analysts have issued 1-year target prices for Ferrari's shares. Their forecasts range from $185.00 to $281.00. On average, they anticipate Ferrari's share price to reach $231.88 in the next year. This suggests a possible upside of 9.4% from the stock's current price.
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Some companies that are related to Ferrari include Daimler (DDAIF), General Motors (GM), NIO (NIO), Ford Motor (F), Honda Motor (HMC), AB Volvo (publ) (VLVLY), Stellantis (STLA), XPeng (XPEV), PACCAR (PCAR), Geely Automobile (GELYY), Li Auto (LI), Stellantis (PUGOY), Nissan Motor (NSANY), Hyundai Motor (HYMLF) and Subaru (FUJHY).
View all of RACE's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ferrari investors own include Alibaba Group (BABA), NVIDIA (NVDA), The Home Depot (HD), Intel (INTC), Netflix (NFLX), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM), Bank of America (BAC), salesforce.com (CRM) and The Walt Disney (DIS).

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

Ferrari's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Compagnie Lombard Odier SCmA (0.10%) and Baskin Financial Services Inc. (0.07%).

RACE stock was acquired by a variety of institutional investors in the last quarter, including Compagnie Lombard Odier SCmA, and Baskin Financial Services Inc..

Shares of RACE 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.
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One share of RACE stock can currently be purchased for approximately $211.99.

Ferrari has a market capitalization of $39.17 billion and generates $3.95 billion in revenue each year. The company earns $694.31 million in net income (profit) each year or $3.29 on an earnings per share basis.

Ferrari employs 4,556 workers across the globe.

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..

Ferrari was founded in 1947.

The official website for Ferrari is www.ferrari.com.

Ferrari is headquartered at VIA ABETONE INFERIORE N. 4, MARANELLO L6, I-41053.

Ferrari's mailing address is VIA ABETONE INFERIORE N. 4, MARANELLO L6, I-41053. The company can be reached via phone at 39-05-3694-9111.