NYSE:RACE

Ferrari (RACE) Stock Price, News & Analysis

$419.10
-3.20 (-0.76%)
(As of 10:50 AM ET)
Today's Range
$418.05
$420.60
50-Day Range
$401.00
$439.59
52-Week Range
$283.20
$442.80
Volume
44,305 shs
Average Volume
300,531 shs
Market Capitalization
N/A
P/E Ratio
53.52
Dividend Yield
N/A
Price Target
$456.67

Ferrari MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
9.1% Upside
$456.67 Price Target
Short Interest
Healthy
1.37% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.19mentions of Ferrari in the last 14 days
Based on 31 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.10%
From $8.20 to $9.11 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.62 out of 5 stars

RACE stock logo

About Ferrari Stock (NYSE:RACE)

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. The company was founded in 1947 and is headquartered in Maranello, Italy.

RACE Stock Price History

RACE Stock News Headlines

Ferrari N.V.: Periodic Report on the Buyback Program
Ferrari under-estimated rivals pace at Imola - Leclerc
Ferrari (NYSE:RACE) Stock Rating Lowered by StockNews.com
See More Headlines
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Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 5/3 Dividend
4/22/2024
Dividend Payable
5/03/2024
Today
5/20/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
N/A
Fax
N/A
Employees
4,988
Year Founded
1947

Price Target and Rating

Average Stock Price Target
$456.67
High Stock Price Target
$512.00
Low Stock Price Target
$400.00
Potential Upside/Downside
+9.1%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
10 Analysts

Profitability

Net Income
$1.36 billion
Pretax Margin
27.14%

Debt

Sales & Book Value

Annual Sales
$6.46 billion
Cash Flow
$8.40 per share
Book Value
$14.84 per share

Miscellaneous

Free Float
N/A
Optionable
Optionable
Beta
0.98

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Key Executives

  • Mr. John Jacob Philip Elkann (Age 48)
    Executive Chairman
    Comp: $1.64M
  • Mr. Benedetto Vigna (Age 55)
    CEO & Executive Director
    Comp: $5.09M
  • Mr. Antonio Picca Piccon (Age 60)
    Chief Financial Officer
  • Mr. Davide Abate (Age 40)
    Chief Technologies & Infrastructures Officer
  • Ms. Nicoletta Russo
    Head of Investor Relations
  • Mr. Carlo Daneo (Age 56)
    General Counsel
  • Mr. Marco Lovati (Age 52)
    Chief Internal Audit, Risk and Compliance Officer
  • Ms. Francesca Montini (Age 45)
    Chief Communications Officer
  • Mr. Enrico Galliera (Age 58)
    Chief Marketing & Commercial Officer
  • Mr. Michele Antoniazzi (Age 55)
    Chief Human Resources Officer

RACE Stock Analysis - Frequently Asked Questions

Should I buy or sell Ferrari stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last year. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research 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 target for 2024?

10 brokers have issued 12-month price targets for Ferrari's stock. Their RACE share price targets range from $400.00 to $512.00. On average, they anticipate the company's stock price to reach $456.67 in the next twelve months. This suggests a possible upside of 8.1% 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 2024?

Ferrari's stock was trading at $338.43 at the beginning of 2024. Since then, RACE stock has increased by 24.8% and is now trading at $422.30.
View the best growth stocks for 2024 here
.

When is Ferrari's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our RACE earnings forecast
.

How were Ferrari's earnings last quarter?

Ferrari (NYSE:RACE) announced its quarterly earnings data on Tuesday, November, 2nd. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.04. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.26 billion. Ferrari had a net margin of 21.42% and a trailing twelve-month return on equity of 43.94%. During the same quarter in the prior year, the business earned $1.08 EPS.

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

Ferrari announced an annual dividend on Saturday, April 13th. Stockholders of record on Tuesday, April 23rd will be paid a dividend of $2.443 per share on Friday, May 3rd. This represents a dividend yield of 0.62%. The ex-dividend date of this dividend is Monday, April 22nd.
Read our dividend analysis for RACE
.

What ETFs hold Ferrari's stock?

ETFs with the largest weight of Ferrari (NYSE:RACE) stock in their portfolio include Alpha Architect International Quantitative Momentum ETF (IMOM).

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

Ferrari updated its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of 8.150- for the period, compared to the consensus earnings per share estimate of 8.370. The company issued revenue guidance of $7.0 billion-, compared to the consensus revenue estimate of $7.1 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).

Who are Ferrari's major shareholders?

Ferrari's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (0.00%), Vanguard Group Inc. (2.46%), Bank of New York Mellon Corp (0.00%), Price T Rowe Associates Inc. MD (0.00%), Capital Research Global Investors (0.00%) and WCM Investment Management LLC (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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:RACE) was last updated on 5/20/2024 by MarketBeat.com Staff

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