NYSE:RACE Ferrari - RACE Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $266.17 +0.80 (+0.30%) (As of 03/27/2023 05:26 PM ET) Add Compare Share Share Today's Range$265.45▼$268.6350-Day Range$235.92▼$271.4552-Week Range$167.45▼$274.08Volume237,055 shsAverage Volume381,163 shsMarket CapitalizationN/AP/E Ratio49.47Dividend YieldN/APrice Target$253.06 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Ferrari MarketRank™ ForecastAnalyst RatingModerate Buy2.55 Rating ScoreUpside/Downside4.9% Downside$253.06 Price TargetShort InterestBearish1.69% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.01Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth13.24%From $6.42 to $7.27 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.1.28 out of 5 stars 1.3 Analyst's Opinion Consensus RatingFerrari has received a consensus rating of Buy. The company's average rating score is 2.55, and is based on 6 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $253.06, Ferrari has a forecasted downside of 4.9% from its current price of $266.17.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 Shorted1.69% of the float of Ferrari has been sold short.Short Interest Ratio / Days to CoverFerrari has a short interest ratio ("days to cover") of 5.7.Change versus previous monthShort interest in Ferrari has recently increased by 8.95%, indicating that investor sentiment is decreasing significantly. 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 27.10% 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 1.1 News and Social Media Coverage News SentimentFerrari has a news sentiment score of -0.01. 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 0.49 average news sentiment score of Auto/Tires/Trucks companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Ferrari this week, compared to 6 articles on an average week.Search InterestOnly 22 people have searched for RACE on MarketBeat in the last 30 days. This is a decrease of -21% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Ferrari to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% 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 13.24% in the coming year, from $6.42 to $7.27 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ferrari is 49.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.69.Price to Earnings Ratio vs. SectorThe P/E ratio of Ferrari is 49.47, 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 14.17.Price to Earnings Growth RatioFerrari has a PEG Ratio of 2.79. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFerrari has a P/B Ratio of 17.94. 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 HeadlinesMarch 26, 2023 | finance.yahoo.comDoes Ferrari (NYSE:RACE) Deserve A Spot On Your Watchlist?March 23, 2023 | seekingalpha.comFerrari: Time To Look Beyond Formula OneMarch 27, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.March 23, 2023 | msn.comCharles Leclerc Scathes Ferrari After Saudi Arabian Grand PrixMarch 23, 2023 | markets.businessinsider.comMorgan Stanley Reaffirms Their Buy Rating on Ferrari (RACE)March 23, 2023 | msn.comWatch This Guy Drift a $25-Million Ferrari on Ice Like It's No Big DealMarch 20, 2023 | finance.yahoo.comCYBER INCIDENT IN FERRARI.March 15, 2023 | finance.yahoo.comFBI arrests exiled Chinese social media mogul in alleged $1B fraud scheme used to fund luxurious NYC lifestyleMarch 27, 2023 | Behind the Markets (Ad)Buy THIS stock before Taiwan is attacked... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.March 13, 2023 | msn.comFerrari's Secret Weapon That Makes Them the Most Powerful Team in F1March 13, 2023 | msn.comFerrari: New Le Mans Hypercar off at WEC Prologue “nothing serious”March 12, 2023 | finance.yahoo.comFerrari (NYSE:RACE) Is Aiming To Keep Up Its Impressive ReturnsMarch 8, 2023 | finance.yahoo.comA first drive of the new Ferrari PurosangueMarch 7, 2023 | msn.comFormula 1 Rumor: Lando Norris Could Force Move to Ferrari and Surprise TeamMarch 7, 2023 | msn.comMotor racing-Ferrari put reliability top of the to-do listMarch 7, 2023 | msn.comUnusual Options Volume for Ferrari (RACE) Underscores a Contrarian OpportunityMarch 7, 2023 | finance.yahoo.comMorgan Stanley Has A New Favorite CarmakerMarch 7, 2023 | finance.yahoo.comCan eFuels Save The Combustion Engine?March 6, 2023 | finance.yahoo.comDow Jones Fades Ahead Of Powell Testimony; Ferrari Overtakes Tesla As Leader; Apple PopsMarch 6, 2023 | finance.yahoo.comFerrari Stock Races Past Tesla For Top Pick In U.S. Autos, Analyst SaysMarch 5, 2023 | seekingalpha.comFerrari: A Luxury Automotive, In A League Of Its OwnMarch 3, 2023 | finance.yahoo.comFERRARI PUBLISHES AGENDA FOR THE 2023 AGMMarch 3, 2023 | finance.yahoo.comFerrari Races Past Buy Point; Formula 1 Race Car Adds Controversial WingMarch 2, 2023 | finance.yahoo.comFerrari Signs a Partnership With VGWMarch 1, 2023 | finance.yahoo.comIs Ferrari Stock A Buy Now As Charles Leclerc Targets F1 Title, RACE Leads Tesla In This?February 27, 2023 | finance.yahoo.comIs Ferrari Stock A Buy Now? Here's What Earnings, Charts Show Ahead Of New F1 SeasonFebruary 26, 2023 | finance.yahoo.comFerrari: Style and Speed All in One Stock ChartSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Earnings2/02/2023Today3/27/2023Next Earnings (Estimated)5/03/2023Fiscal 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$253.06 High Stock Price Forecast$330.00 Low Stock Price Forecast$180.00 Forecasted Upside/Downside-4.6%Consensus RatingModerate Buy Rating Score (0-4)2.55 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$5.38 Trailing P/E Ratio49.33 Forward P/E Ratio41.33 P/E Growth2.79Net Income$982.60 million Net Margins18.44% Pretax Margin23.11% Return on Equity38.78% Return on Assets12.42% Debt Debt-to-Equity Ratio1.08 Current Ratio4.11 Quick Ratio3.41 Sales & Book Value Annual Sales$5.37 billion Price / SalesN/A Cash Flow$8.47 per share Price / Cash Flow31.33 Book Value$14.84 per share Price / Book17.88Miscellaneous 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:VEVElectrameccanica VehiclesNASDAQ:SOLOREE AutomotiveNASDAQ:REEView All CompetitorsInstitutional OwnershipRockefeller Capital Management L.P.Bought 643 shares on 3/6/2023Ownership: 0.000%Voya Investment Management LLCBought 6,527 shares on 2/28/2023Ownership: 0.000%Parallax Volatility Advisers L.P.Bought 30,500 shares on 2/27/2023Ownership: 0.000%Equitable Trust Co.Sold 1,763 shares on 2/21/2023Ownership: 0.000%Northwestern Mutual Wealth Management Co.Bought 643 shares on 2/21/2023Ownership: 0.000%View All Institutional Transactions RACE Stock - Frequently Asked Questions Should I buy or sell Ferrari stock right now? 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RACE shares. View RACE analyst ratings or view top-rated stocks. What is Ferrari's stock price forecast for 2023? 11 Wall Street research analysts have issued 1 year target prices for Ferrari's stock. Their RACE share price forecasts range from $180.00 to $330.00. On average, they anticipate the company's share price to reach $253.06 in the next twelve months. This suggests that the stock has a possible downside of 5.5%. 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 the year. Since then, RACE shares have increased by 25.1% and is now trading at $267.91. 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, May 3rd 2023. View our RACE earnings forecast. How were Ferrari's earnings last quarter? Ferrari (NYSE:RACE) released its quarterly earnings results on Thursday, February, 2nd. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.01. The company had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.35 billion. Ferrari had a net margin of 18.44% and a trailing twelve-month return on equity of 38.78%. How often does Ferrari pay dividends? What is the dividend yield for Ferrari? Ferrari announced an annual dividend on Thursday, April 14th. Shareholders of record on Wednesday, April 20th will be given a dividend of $1.362 per share on Friday, May 6th. This represents a dividend yield of 0.66%. The ex-dividend date is Tuesday, April 19th. Read our dividend analysis for RACE. What guidance has Ferrari issued on next quarter's earnings? Ferrari updated its FY 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share guidance of $6.12-$6.33 for the period, compared to the consensus EPS estimate of $6.43. The company issued revenue guidance of $5.82 billion-$5.82 billion, compared to the consensus revenue estimate of $6.02 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 investors include Price T Rowe Associates Inc. MD (4.40%), Baillie Gifford & Co. (4.14%), Bank of Italy (0.00%), Amundi (1.11%), Morgan Stanley (1.01%) 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 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 $267.91. 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 3/27/2023 by MarketBeat.com Staff 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. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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