NYSE:RACE Ferrari (RACE) Stock Forecast, Price & News $294.53 -2.59 (-0.87%) (As of 06/7/2023 ET) Add Compare Share Share Today's Range$294.11▼$298.1450-Day Range$268.87▼$301.5352-Week Range$167.45▼$302.86Volume289,940 shsAverage Volume361,833 shsMarket CapitalizationN/AP/E Ratio51.95Dividend YieldN/APrice Target$265.40 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Ferrari MarketRank™ ForecastAnalyst RatingHold2.36 Rating ScoreUpside/Downside9.9% Downside$265.40 Price TargetShort InterestBearish1.66% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.06Based on 30 Articles This WeekInsider TradingN/AProj. Earnings Growth13.78%From $6.53 to $7.43 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.1.38 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 2.36, and is based on 4 buy ratings, 7 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $265.40, Ferrari has a forecasted downside of 9.9% from its current price of $294.53.Amount of Analyst CoverageFerrari has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted1.66% of the float of Ferrari has been sold short.Short Interest Ratio / Days to CoverFerrari has a short interest ratio ("days to cover") of 6.Change versus previous monthShort interest in Ferrari has recently increased by 4.64%, indicating that investor sentiment is decreasing. Previous Next 0.8 Dividend Strength Dividend YieldFerrari does not currently pay a dividend.Dividend GrowthFerrari has only been increasing its dividend for 2 years.Dividend SustainabilityBased on earnings estimates, Ferrari will have a dividend payout ratio of 26.78% 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 2.3 News and Social Media Coverage News SentimentFerrari has a news sentiment score of 0.06. 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 0.53 average news sentiment score of Auto/Tires/Trucks companies.News Coverage This WeekMarketBeat has tracked 30 news articles for Ferrari this week, compared to 10 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 -71% compared to the previous 30 days.MarketBeat Follows7 people have added Ferrari to their MarketBeat watchlist in the last 30 days. This is an increase of 75% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ferrari insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 32.21% of the stock of Ferrari is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Ferrari are expected to grow by 13.78% in the coming year, from $6.53 to $7.43 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ferrari is 51.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.64.Price to Earnings Ratio vs. SectorThe P/E ratio of Ferrari is 51.95, 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 19.09.Price to Earnings Growth RatioFerrari has a PEG Ratio of 3.01. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFerrari has a P/B Ratio of 19.85. 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 NV is a holding company, which engages in the design, engineering, production, and sale of luxury sports cars. The firm's models include the F12Berlinetta, 488GTB, 488 Spider, 458 Speciale, California T, the LaFerrari Hybrid, LaFerrari, and the FF four-wheel drive. It participates in car racing such as Formula One. The company was founded by Enzo Anselmo Ferrari in 1939 and is headquartered in Maranello, Italy.Read More 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 Stock News HeadlinesJune 7, 2023 | msn.comLe Mans 24 Hours: Porsche heads second practice from FerrariJune 7, 2023 | msn.comFerrari tops Toyota in first Le Mans qualifyingJune 7, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!June 7, 2023 | msn.comFerrari still behind Toyota going to Le Mans, reckons GiovinazziJune 7, 2023 | investorplace.comWhy Ferrari Will Continue to Leave Other Automaker Stocks in the DustJune 6, 2023 | yahoo.comFerrari weaknesses on show in SpainJune 6, 2023 | msn.comCharles Leclerc and Ferrari are stuck searching for answersJune 6, 2023 | finance.yahoo.comThis High-Flying Auto Company Isn't Even Making Full EVs and It's Still a Buy NowJune 7, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!June 6, 2023 | msn.comCarlos Sainz and Charles Leclerc give Ferrari headache over SF-23 upgradesJune 6, 2023 | msn.comRalf Schumacher delivers grim verdict on F1’s clear ‘problem child’ FerrariJune 5, 2023 | msn.comFerrari CEO says partnerships are a higher priority than acquisitionsJune 5, 2023 | msn.comFerrari urged to pay ‘£20m too much’ in last-ditch attempt to sign Lewis HamiltonJune 5, 2023 | msn.comFerrari does not need to buy other supercar makers, CEO saysJune 5, 2023 | msn.comFerrari crisis as SF-23 declared ‘worst ride quality on the whole grid’June 4, 2023 | reuters.comBarcelona exposed Ferrari's weaknesses, says SainzJune 4, 2023 | msn.comMotor racing-Barcelona exposed Ferrari's weaknesses, says SainzJune 4, 2023 | msn.comFerrari star Charles Leclerc’s string of bad luck extends in F1 Spanish Grand PrixJune 4, 2023 | sports.yahoo.comFerrari duo lament more disappointmentJune 4, 2023 | msn.comCarlos Sainz: Ferrari upgrades ‘brought to the worst possible circuit’June 4, 2023 | yahoo.comFerrari Quickest Among Prototypes After Le Mans Test DayJune 4, 2023 | msn.comFerrari leads, crash for Toyota in first Le Mans Test Day sessionJune 4, 2023 | msn.comFerrari leads, NASCAR Garage 56 shines at Le Mans Test DayJune 3, 2023 | msn.comF1 News: Charles Leclerc Explains His Spanish GP Ferrari Failure - "Something Strange"June 2, 2023 | msn.comFerrari explain 'tough' sidepods decision | Sainz: Focus is on race paceJune 2, 2023 | msn.comFormula 1 Spanish Grand Prix: Start time, TV, streaming, starting grid for 2023 raceJune 2, 2023 | msn.comCarlos Sainz weighs in on whether Ferrari are lacking in ‘aggression’ with strategiesSee More Headlines RACE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RACE Company Calendar Ex-Dividend for 5/5 Dividend4/24/2023Last Earnings5/04/2023Dividend Payable5/05/2023Today6/07/2023Next Earnings (Estimated)8/01/2023Fiscal 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$265.40 High Stock Price Forecast$365.00 Low Stock Price Forecast$180.00 Forecasted Upside/Downside-9.9%Consensus RatingHold Rating Score (0-4)2.36 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$5.67 Trailing P/E Ratio51.95 Forward P/E Ratio45.10 P/E Growth3.01Net Income$982.60 million Net Margins18.68% Pretax Margin23.60% Return on Equity39.25% Return on Assets12.89% Debt Debt-to-Equity Ratio0.96 Current Ratio4.17 Quick Ratio3.41 Sales & Book Value Annual Sales$5.37 billion Price / SalesN/A Cash Flow$8.42 per share Price / Cash Flow34.99 Book Value$14.84 per share Price / Book19.85Miscellaneous Outstanding SharesN/AFree FloatN/AMarket CapN/A OptionableOptionable Beta0.99 Social Links Key ExecutivesBenedetto VignaChief Executive Officer & Executive DirectorAntonio Picca PicconChief Financial OfficerErnesto LasalandraChief Research & Development OfficerDavide AbateChief Technology & Infrastructures OfficerSabina FascioloChief Compliance OfficerKey CompetitorsLightning eMotorsNYSE:ZEVVolconNASDAQ:VLCNVicinity MotorNASDAQ:VEVArrivalNASDAQ:ARVLMalacca Straits AcquisitionNASDAQ:MLACView All CompetitorsInstitutional OwnershipLevel Four Advisory Services LLCBought 79 shares on 6/5/2023Ownership: 0.000%Ameriprise Financial Inc.Bought 40,947 shares on 5/22/2023Ownership: 0.000%American TrustSold 180 shares on 5/22/2023Ownership: 0.000%JPMorgan Chase & Co.Bought 484,782 shares on 5/18/2023Ownership: 0.000%SkyView Investment Advisors LLCBought 2,294 shares on 5/18/2023Ownership: 0.000%View All Institutional Transactions RACE Stock - Frequently Asked Questions Should I buy or sell Ferrari stock right now? 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last twelve months. There are currently 7 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? 11 equities research analysts have issued 12 month price targets for Ferrari's shares. Their RACE share price forecasts range from $180.00 to $365.00. On average, they predict the company's share price to reach $265.40 in the next year. This suggests that the stock has a possible downside of 10.0%. 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 start of the year. Since then, RACE shares have increased by 37.7% and is now trading at $294.91. View the best growth stocks for 2023 here. Are investors shorting Ferrari? Ferrari saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 1,940,000 shares, a decline of 19.8% from the April 15th total of 2,420,000 shares. Based on an average daily trading volume, of 332,700 shares, the short-interest ratio is presently 5.8 days. Approximately 1.6% of the company's shares are sold short. View Ferrari's Short Interest. When is Ferrari's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023. View our RACE earnings forecast. How were Ferrari's earnings last quarter? Ferrari (NYSE:RACE) posted its earnings results on Thursday, May, 4th. The company reported $1.74 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.17. The company earned $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. Ferrari had a net margin of 18.68% and a trailing twelve-month return on equity of 39.25%. How often does Ferrari pay dividends? What is the dividend yield for Ferrari? Ferrari announced an annual dividend on Tuesday, April 18th. Stockholders 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 an increase from the stock's previous annual dividend of $1.36. 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 Thursday, May, 4th. The company provided EPS guidance of $6.44-$6.65 for the period, compared to the consensus estimate of $6.77. The company issued revenue guidance of $6.12 billion-$6.12 billion, compared to the consensus revenue estimate of $6.41 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 many different institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (0.00%), Price T Rowe Associates Inc. MD (3.73%), FMR LLC (0.00%), WCM Investment Management LLC (0.97%), JPMorgan Chase & Co. (0.00%) and Bank of New York Mellon Corp (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 $294.91. 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 6/7/2023 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. Adding Ferrari Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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