NYSE:RACE Ferrari (RACE) Stock Forecast, Price & News $287.56 +1.82 (+0.64%) (As of 09/27/2023 ET) Add Compare Share Share Today's Range$285.05▼$290.2650-Day Range$285.65▼$321.7452-Week Range$176.82▼$329.88Volume297,961 shsAverage Volume270,677 shsMarket CapitalizationN/AP/E Ratio46.31Dividend YieldN/APrice Target$308.73 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Ferrari MarketRank™ ForecastAnalyst RatingHold2.44 Rating ScoreUpside/Downside7.4% Upside$308.73 Price TargetShort InterestBearish1.78% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.24Based on 32 Articles This WeekInsider TradingN/AProj. Earnings Growth16.31%From $7.05 to $8.20 Per ShareSee Full Details Hide Full Details 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 1.2 Analyst's Opinion Consensus RatingFerrari has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 4 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $308.73, Ferrari has a forecasted upside of 7.4% from its current price of $287.56.Amount of Analyst CoverageFerrari has only been the subject of 4 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted1.78% of the float of Ferrari has been sold short.Short Interest Ratio / Days to CoverFerrari has a short interest ratio ("days to cover") of 7.4.Change versus previous monthShort interest in Ferrari has recently increased by 11.86%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldFerrari does not currently pay a dividend.Dividend GrowthFerrari has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Ferrari is 8.29%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Ferrari will have a dividend payout ratio of 6.28% next year. This indicates that Ferrari will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RACE. Previous Next 2.4 News and Social Media Coverage News SentimentFerrari has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Auto/Tires/Trucks companies.News Coverage This WeekMarketBeat has tracked 32 news articles for Ferrari this week, compared to 18 articles on an average week.Search InterestOnly 7 people have searched for RACE on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.MarketBeat Follows9 people have added Ferrari to their MarketBeat watchlist in the last 30 days. This is an increase of 80% compared to the previous 30 days. Previous Next N/A Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ferrari insiders have not sold or bought any company stock. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Ferrari are expected to grow by 16.31% in the coming year, from $7.05 to $8.20 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ferrari is 46.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.66.Price to Earnings Ratio vs. SectorThe P/E ratio of Ferrari is 46.31, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 13.18.Price to Earnings Growth RatioFerrari has a PEG Ratio of 2.60. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFerrari has a P/B Ratio of 19.38. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Ferrari (NYSE:RACE) StockFerrari 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.Read More RACE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RACE Stock News HeadlinesSeptember 27, 2023 | sports.yahoo.comF1 stats: Which drivers have scored the most points without winning a race?September 27, 2023 | sports.yahoo.comCarlos Sainz offers key Ferrari future update after hitting rich vein of formSeptember 28, 2023 | Wall Street Fundamentals (Ad)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.September 27, 2023 | msn.comFerrari Patents Augmented Reality System Designed to Merge Real and Virtual RacingSeptember 27, 2023 | msn.comFred Vasseur 'SCARED' by Ferrari's Japanese GP performanceSeptember 27, 2023 | msn.comFerrari Drivers At The Track Will Soon Race Friends Gaming At HomeSeptember 27, 2023 | msn.comMercedes vs. Ferrari: Who takes second in F1 standings?September 27, 2023 | sports.yahoo.comFerrari team boss questions McLaren’s ‘pretty much’ one-second mathsSeptember 28, 2023 | Wall Street Fundamentals (Ad)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.September 26, 2023 | msn.comWhy Ferrari doesn’t agree with McLaren F1 fairytale revivalSeptember 26, 2023 | msn.comSainz makes Ferrari 'SHAME' admission over one key failureSeptember 25, 2023 | msn.comSebastian Vettel considering ‘concrete’ offer for 2024 racing return – reportSeptember 25, 2023 | msn.comF1 tech: What's behind Ferrari's victory and McLaren's performanceSeptember 25, 2023 | finance.yahoo.comFerrari N. V. Periodic Report on the Buyback ProgramSeptember 24, 2023 | msn.comFerrari: Sainz deserves all credit for Norris F1 DRS tactic in Singapore GPSeptember 24, 2023 | msn.comCharles Leclerc hints at Ferrari ‘upper hand’ as they close gap to MercedesSeptember 24, 2023 | sports.yahoo.comF1 Japanese Grand Prix LIVE: Race result as Red Bull secure Constructors’ title at SuzukaSeptember 24, 2023 | msn.comMotor racing-Hamilton says next six months are crucial for MercedesSeptember 23, 2023 | msn.comStarfield Player Constructs Impressive Formula 1 Race Car in the GameSeptember 23, 2023 | msn.comF1 Japanese Grand Prix 2023 live stream: How can I watch race on TV in UK today?September 23, 2023 | msn.comVasseur CONFIDENT Ferrari can outpace McLarenSeptember 23, 2023 | reuters.comVerstappen completes Japanese GP practice sweepSeptember 23, 2023 | yahoo.comFerrari RTW Spring 2024September 23, 2023 | news.yahoo.comCharles Leclerc details key factor behind Ferrari’s Japanese GP podium hopesSeptember 23, 2023 | msn.comAre Red Bull and Ferrari on back foot for potential F1 Japanese GP tyre wrecker?September 22, 2023 | msn.comWhy This Engine Was Banned From RacingSeptember 22, 2023 | msn.comSainz: Ferrari weaknesses haven't changed despite Singapore F1 winSee More Headlines Receive RACE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ferrari and its competitors with MarketBeat's FREE daily newsletter. Email Address RACE Company Calendar Last Earnings8/02/2023Today9/28/2023Next Earnings (Estimated)11/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Motor vehicles & car bodies Sub-IndustryN/A SectorAuto/Tires/Trucks Current SymbolNYSE:RACE CUSIPN/A CIK1648416 Webwww.ferrari.com Phone390536949111FaxN/AEmployees4,919Year Founded1947Price 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 RatingHold Rating Score (0-4)2.44 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$6.21 Trailing P/E Ratio46.31 Forward P/E Ratio40.79 P/E Growth2.6Net Income$982.60 million Net Margins19.60% Pretax Margin24.99% Return on Equity40.70% Return on Assets13.71% Debt Debt-to-Equity Ratio0.98 Current Ratio3.91 Quick Ratio3.04 Sales & Book Value Annual Sales$5.52 billion Price / Sales9.62 Cash Flow$8.46 per share Price / Cash Flow34.01 Book Value$14.84 per share Price / Book19.38Miscellaneous Outstanding Shares184,750,000Free FloatN/AMarket Cap$53.13 billion OptionableOptionable Beta1.02 Social Links The Best High-Yield Dividend Stocks for 2023Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. John Jacob Philip Elkann (Age 47)Exec. Chairman Comp: $1.29MMr. Benedetto Vigna (Age 54)CEO & Exec. Director Comp: $4.25MMr. Antonio Picca Piccon (Age 59)Chief Financial Officer Mr. Davide Abate (Age 39)Chief Technologies & Infrastructures Officer Ms. Nicoletta RussoHead of Investor RelationsMr. Carlo Daneo (Age 55)Gen. Counsel Ms. Sabina Fasciolo (Age 55)Chief Compliance Officer Ms. Francesca MontiniChief Communications OfficerMr. Enrico Galliera (Age 57)Chief Marketing & Commercial Officer Mr. Michele Antoniazzi (Age 54)Chief HR Officer More ExecutivesKey CompetitorsCanooNASDAQ:GOEVWFaraday Future Intelligent ElectricNASDAQ:FFIEWNWTNNASDAQ:NWTNWPolestar Automotive Holding UKNASDAQ:PSNYWVinFast AutoNASDAQ:VFSWWView All CompetitorsInstitutional OwnershipProsperity Financial Group Inc.Bought 75 shares on 9/12/2023Ownership: 0.000%Garde Capital Inc.Bought 500 shares on 8/29/2023Ownership: 0.000%Wolverine Trading LLCBought 13,000 shares on 8/23/2023Ownership: 0.000%Osaic Holdings Inc.Sold 6,754 shares on 8/21/2023Ownership: 0.000%BOKF NASold 1,191 shares on 8/21/2023Ownership: 0.000%View All Institutional Transactions 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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