NYSE:RACE

Ferrari Stock Forecast, Price & News

$211.31
-0.34 (-0.16 %)
(As of 06/11/2021 12:00 AM ET)
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Today's Range
$209.95
$211.34
50-Day Range
$195.57
$219.37
52-Week Range
$164.23
$233.66
Volume132,568 shs
Average Volume230,790 shs
Market Capitalization$39.04 billion
P/E Ratio51.04
Dividend YieldN/A
Beta0.91
30 days | 90 days | 365 days | Advanced Chart
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Ferrari logo

About Ferrari

Ferrari N.V., through its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hypercars; one-off and track cars; and Icona cars. It also provides racing cars; and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars. In addition, the company licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods; Ferrari World, a theme park in Abu Dhabi, the United Arab Emirates; and Ferrari Land Portaventura, a theme park in Europe. Further, it provides direct or indirect finance and leasing services to retail clients and dealers; manages race tracks, as well as owns and manages two museums in Maranello and Modena, Italy; and develops and sells a line of apparel and accessories through its monobrand stores. As of December 31, 2020, it had a total of 36 retail Ferrari stores, including 18 franchised stores and 18 owned stores. The company also sells its products through a network of 168 authorized dealers operating 188 points of sale worldwide, as well as through its Website, store.ferrari.com. Ferrari N.V. was founded in 1947 and is headquartered in Maranello, Italy.

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MarketRank

Overall MarketRank

1.42 out of 5 stars

Auto/Tires/Trucks Sector

67th out of 170 stocks

Motor Vehicles & Car Bodies Industry

23rd out of 51 stocks

Analyst Opinion: 3.1Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -
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Ferrari (NYSE:RACE) Frequently Asked Questions

Is Ferrari a buy right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last year. There are currently 2 sell ratings, 7 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.
View analyst ratings for Ferrari
or view top-rated stocks.

What stocks does MarketBeat like better than Ferrari?

Wall Street analysts have given Ferrari a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Ferrari wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Ferrari's next earnings date?

Ferrari is scheduled to release its next quarterly earnings announcement on Monday, August 2nd 2021.
View our earnings forecast for Ferrari
.

How were Ferrari's earnings last quarter?

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

How has Ferrari's stock price been impacted by Coronavirus (COVID-19)?

Ferrari's stock was trading at $143.04 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, RACE stock has increased by 47.7% and is now trading at $211.31.
View which stocks have been most impacted by COVID-19
.

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

Ferrari declared an annual dividend on Friday, April 16th. Stockholders of record on Tuesday, April 20th will be given a dividend of $1.0445 per share on Wednesday, May 5th. This represents a yield of 0.5%. The ex-dividend date is Monday, April 19th.
View Ferrari's dividend history
.

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

Ferrari updated its FY 2021 earnings guidance on Tuesday, May, 18th. The company provided earnings per share guidance of 4.824-5.065 for the period, compared to the Thomson Reuters consensus EPS 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.

What price target have analysts set for RACE?

15 equities research analysts have issued 12-month price objectives for Ferrari's stock. Their forecasts range from $198.00 to $270.00. On average, they expect Ferrari's stock price to reach $242.00 in the next year. This suggests a possible upside of 14.5% from the stock's current price.
View analysts' price targets for Ferrari
or view top-rated stocks among Wall Street analysts.

Who are Ferrari's key executives?

Ferrari's management team includes the following people:
  • Mr. John Jacob Philip Elkann, Exec. Chairman & Interim CEO (Age 45, Pay $94.62k)
  • Mr. Antonio Picca Piccon, Chief Financial Officer (Age 57)
  • Mr. Michael Hugo Leiters, Chief Technology Officer (Age 50)
  • Ms. Nicoletta Russo, Head of Investor Relations (LinkedIn Profile)
  • Mr. Carlo Daneo, Gen. Counsel (Age 53) (LinkedIn Profile)
  • Ms. Jane Reeve, Chief Communication Officer (Age 62) (LinkedIn Profile)
  • Mr. Enrico Galliera, Chief Marketing & Commercial Officer (Age 55) (LinkedIn Profile)
  • Mr. Michele Antoniazzi, Chief HR Officer (Age 52) (LinkedIn Profile)
  • Mr. Vincenzo Regazzoni, Chief Manufacturing Officer (Age 58) (LinkedIn Profile)
  • Mr. Nicola Boari, Chief Brand Diversification Officer (Age 51) (LinkedIn Profile)

Who are some of Ferrari's key competitors?

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), 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).

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. (6.56%), Price T Rowe Associates Inc. MD (5.01%), Bank of Italy (1.11%), Amundi Asset Management US Inc. (0.94%), WCM Investment Management LLC (0.89%) and JPMorgan Chase & Co. (0.66%).

Which major investors are selling Ferrari stock?

RACE stock was sold by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Bank of Montreal Can, AKO Capital LLP, Barclays PLC, BlackRock Inc., Third Point LLC, Allianz Asset Management GmbH, and Sei Investments Co..

Which major investors are buying Ferrari stock?

RACE stock was bought by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, JPMorgan Chase & Co., Melvin Capital Management LP, Arrowstreet Capital Limited Partnership, Baillie Gifford & Co., WCM Investment Management LLC, Clal Insurance Enterprises Holdings Ltd, and Scopus Asset Management L.P..

How do I buy shares of Ferrari?

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.
Compare Top Brokerages Here.

What is Ferrari's stock price today?

One share of RACE stock can currently be purchased for approximately $211.31.

How much money does Ferrari make?

Ferrari has a market capitalization of $39.04 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.

How many employees does Ferrari have?

Ferrari employs 4,556 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..

When was Ferrari founded?

Ferrari was founded in 1947.

What is Ferrari's official website?

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

Where are Ferrari's headquarters?

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

How can I contact Ferrari?

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.


This page was last updated on 6/13/2021 by MarketBeat.com Staff
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