Ferrari Stock Price, News & Analysis (NYSE:RACE)

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" RACE shares.
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9 Wall Street analysts have issued 1 year price objectives for Ferrari's shares. Their RACE share price targets range from $230.60 to $380.00. On average, they expect the company's share price to reach $316.36 in the next year. This suggests that the stock has a possible downside of 13.0%.
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Ferrari's stock was trading at $214.22 at the start of the year. Since then, RACE shares have increased by 69.7% and is now trading at $363.55.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our RACE earnings forecast.

Ferrari (NYSE:RACE) issued its quarterly earnings data on Thursday, November, 2nd. The company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.59 by $0.39. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.56 billion. Ferrari had a trailing twelve-month return on equity of 42.92% and a net margin of 20.42%.

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

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 7.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RACE will have a dividend payout ratio of 6.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RACE.

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).

Ferrari's stock is owned by a number of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (0.00%), Morgan Stanley (0.00%), WCM Investment Management LLC (0.00%), Bank of New York Mellon Corp (0.00%), FMR LLC (0.00%) and Legal & General Group Plc (0.00%).

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.
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