NYSE:RACEFerrari Stock Price, Forecast & News

$176.19

+4.98 (+2.91 %)

(As of 06/3/2020 04:00 PM ET)

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Today's Range

$173.95

Now: $176.19▼

$176.96

50-Day Range

$148.99

MA: $158.73▼

$171.21

52-Week Range

$127.73

Now: $176.19▼

$180.95

Volume273,942 shs

Average Volume494,499 shs

Market Capitalization$32.65 billion

P/E Ratio43.18

Dividend YieldN/A

Beta0.92

Ferrari N.V., through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hypercars; Fuori series, one-off, and track cars; and Icona cars. It also provides non-registered 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; and Ferrari World, a theme park in Abu Dhabi, the United Arab Emirates. 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, 2018, it had a total of 35 retail Ferrari stores, including 17 franchised stores and 18 owned stores. The company also sells its products through a network of 167 authorized dealers operating 190 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.

Beat the Market (BTM) Rank^™

2.4 Analyst's Opinion

Consensus Rating
Ferrari has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 10 buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $171.30, Ferrari has a potential downside of 2.8% from its current price of $176.19.
Amount of Analyst Coverage
Ferrari has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.7 Community Rank

Outperform Votes
Ferrari has received 478 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Ferrari has received 402 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Ferrari has received 54.32% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Ferrari and other stocks. Vote “Outperform” if you believe RACE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe RACE will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.8 Dividend Strength

Dividend Yield
Ferrari does not currently pay a dividend.
Dividend Growth
Ferrari has only been increasing its dividend for 3 years.
Dividend Sustainability
Based on earnings estimates, Ferrari will have a dividend payout ratio of 29.85 % next year. This indicates that Ferrari will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ferrari insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 34.09% of the stock of Ferrari is held by institutions.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Ferrari are expected to grow by 38.26% in the coming year, from $2.98 to $4.12 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ferrari is 43.18, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ferrari is 43.18, 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 14.69.
Price to Earnings Growth Ratio
Ferrari has a PEG Ratio of 4.87. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Ferrari has a P/B Ratio of 19.60. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.43 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Motor vehicles & car bodies

Sub-IndustryN/A

SectorAuto/Tires/Trucks

Current SymbolNYSE:RACE

Previous Symbol

CUSIPN/A

CIK1648416

Webwww.ferrari.com

Phone39-05-3694-9111

Debt

Debt-to-Equity Ratio1.39

Current Ratio3.98

Quick Ratio3.39

Price-To-Earnings

Trailing P/E Ratio43.18

Forward P/E Ratio59.12

P/E Growth4.87

Sales & Book Value

Annual Sales$4.22 billion

Price / Sales7.74

Cash Flow$6.61 per share

Price / Cash Flow26.67

Book Value$8.99 per share

Price / Book19.60

Profitability

EPS (Most Recent Fiscal Year)$4.16

Net Income$779.32 million

Net Margins18.23%

Return on Equity47.13%

Return on Assets12.64%

Miscellaneous

Employees4,285

Outstanding Shares185,283,000

Market Cap$32.65 billion

Next Earnings Date8/7/2020 (Estimated)

OptionableOptionable

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Ferrari (NYSE:RACE) Frequently Asked Questions

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

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 23.2% and is now trading at $176.19. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ferrari?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last year. There are currently 1 sell rating, 1 hold rating and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ferrari.

When is Ferrari's next earnings date?

Ferrari is scheduled to release its next quarterly earnings announcement on Friday, August 7th 2020. View our earnings forecast for Ferrari.

How were Ferrari's earnings last quarter?

Ferrari NV (NYSE:RACE) issued its earnings results on Monday, May, 4th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.09. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $852.32 million. Ferrari had a return on equity of 47.13% and a net margin of 18.23%. View Ferrari's earnings history.

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

Ferrari announced an annual dividend on Friday, April 17th. Investors of record on Tuesday, April 21st will be paid a dividend of $1.2351 per share on Tuesday, May 5th. This represents a dividend yield of 0.7%. The ex-dividend date is Monday, April 20th. This is a positive change from Ferrari's previous annual dividend of $1.17. View Ferrari's dividend history.

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

Ferrari updated its FY20 earnings guidance on Monday, May, 4th. The company provided EPS guidance of $2.40-3.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.43. The company issued revenue guidance of EUR 3.4-3.6 billion, compared to the consensus revenue estimate of $3.87 billion.

What price target have analysts set for RACE?

12 analysts have issued twelve-month price targets for Ferrari's shares. Their forecasts range from $108.00 to $225.00. On average, they expect Ferrari's share price to reach $171.30 in the next twelve months. This suggests that the stock has a possible downside of 2.8%. View analysts' price targets for Ferrari.

Has Ferrari been receiving favorable news coverage?

Press coverage about RACE stock has trended extremely negative recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ferrari earned a media sentiment score of -4.0 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock's share price in the next several days. View the latest news aboutFerrari.

Are investors shorting Ferrari?

Ferrari saw a decline in short interest in May. As of May 15th, there was short interest totaling 1,850,000 shares, a decline of 16.7% from the April 30th total of 2,220,000 shares. Based on an average daily trading volume, of 579,600 shares, the days-to-cover ratio is presently 3.2 days. Approximately 1.6% of the company's shares are sold short. View Ferrari's Current Options Chain.

Who are some of Ferrari's key competitors?

Some companies that are related to Ferrari include VOLKSWAGEN AG/ADR (VWAGY), Honda Motor (HMC), Daimler (DDAIF), General Motors (GM), VOLVO AB/ADR (VLVLY), PACCAR (PCAR), Ford Motor (F), Hyundai Motor (HYMLF), Fiat Chrysler Automobiles (FCAU), SUBARU CORP/ADR (FUJHY), Nissan Motor (NSANY), PEUGEOT SA/ADR (PUGOY), GEELY AUTOMOBIL/ADR (GELYY), WABCO (WBC) and Oshkosh (OSK). View all 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), Home Depot (HD), Netflix (NFLX), Paypal (PYPL), Visa (V), Cisco Systems (CSCO), Boeing (BA), Intel (INTC) and JPMorgan Chase & Co. (JPM).

Who are Ferrari's key executives?

Ferrari's management team includes the following people:

Mr. Louis C. Camilleri BA, CEO & Exec. Director (Age 64)
Mr. Antonio Picca Piccon, Chief Financial Officer
Mr. Michael Hugo Leiters, Chief Technology Officer (Age 48)
Ms. Nicoletta Russo, Head of Investor Relations
Mr. Carlo Daneo, Gen. Counsel

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 a number of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (7.19%), AKO Capital LLP (1.38%), BlackRock Inc. (0.76%), Darsana Capital Partners LP (0.70%), Capital World Investors (0.68%) and AXA (0.61%).

Which institutional investors are selling Ferrari stock?

RACE stock was sold by a variety of institutional investors in the last quarter, including Melvin Capital Management LP, Deutsche Bank AG, Jupiter Asset Management Ltd., Darsana Capital Partners LP, Baillie Gifford & Co., Capital Research Global Investors, Two Sigma Advisers LP, and Waddell & Reed Financial Inc..

Which institutional investors are buying Ferrari stock?

RACE stock was bought by a variety of institutional investors in the last quarter, including Third Point LLC, WCM Investment Management LLC, AXA, Pictet Asset Management Ltd., Envestnet Asset Management Inc., Wellington Management Group LLP, Morgan Stanley, and Morgan Stanley.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Ferrari's stock price today?

One share of RACE stock can currently be purchased for approximately $176.19.

How big of a company is Ferrari?

Ferrari has a market capitalization of $32.65 billion and generates $4.22 billion in revenue each year. The company earns $779.32 million in net income (profit) each year or $4.16 on an earnings per share basis. Ferrari employs 4,285 workers across the globe.

What is Ferrari's official website?

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

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 6/3/2020 by MarketBeat.com Staff