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NYSE:RACE

Ferrari - RACE Stock Forecast, Price & News

$189.74
-4.04 (-2.08%)
(As of 10/5/2022 11:21 AM ET)
Add
Compare
Today's Range
$187.61
▼
$191.10
50-Day Range
$185.00
▼
$216.00
52-Week Range
$167.45
▼
$278.78
Volume
4,213 shs
Average Volume
370,412 shs
Market Capitalization
$35.05 billion
P/E Ratio
34.25
Dividend Yield
N/A
Price Target
$237.00

Ferrari MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
25.0% Upside
$237.00 Price Target
Short Interest
Bearish
1.31% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.14mentions of Ferrari in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
17.79%
From $4.89 to $5.76 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.16 out of 5 stars

Auto/Tires/Trucks Sector

59th out of 109 stocks

Motor Vehicles & Car Bodies Industry

16th out of 35 stocks

See Top Rated MarketRank™ Stocks Here
RACE stock logo

About Ferrari (NYSE:RACE) Stock

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 hyper cars; 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 racetracks, 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, 2021, it had a total of 30 retail Ferrari stores, including 14 franchised stores and 16 owned stores. The company also sells its products through a network of 172 authorized dealers operating 191 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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RACE Stock News Headlines

September 25, 2022 | marketbeat.com
Benetton, Ferrari close Milan Fashion Week with bold moves
Milan Fashion Week has come to a close after five days of mostly womenswear previews that celebrated diversity and renewal
October 4, 2022 | reuters.com
Italian unions want 6.5% salary increase from Stellantis, Ferrari -sources - Reuters
October 3, 2022 | reuters.com
Ferrari says internal documents online, but no evidence of cyber attack - Reuters
October 3, 2022 | finance.yahoo.com
Here's What's Concerning About Ferrari's (NYSE:RACE) Returns On Capital
October 1, 2022 | reuters.com
Leclerc puts Ferrari on pole in Singapore after Verstappen abandons fast lap - Reuters
October 1, 2022 | bbc.com
Formula 1 budget cap row: Mercedes and Ferrari comments 'unacceptable' - Red Bull - BBC
September 30, 2022 | barrons.com
Sainz Leads Ferrari One-two As Verstappen Struggles In Singapore - Barron's
September 29, 2022 | seekingalpha.com
Ferrari Stock: What To Expect From Purosangue Sales (NYSE:RACE) - Seeking Alpha
September 29, 2022 | msn.com
Mario Andretti: Ferrari have handed Max Verstappen the title on a plate
September 29, 2022 | msn.com
Lewis Hamilton sends Ferrari warning for final races of 2022 season
September 28, 2022 | bloomberg.com
Ferrari Is as 'Recession Proof as It Gets,' Morgan Stanley Says - Bloomberg
September 28, 2022 | msn.com
Ferrari: 6 Quick Things We Know About The Upcoming Michael Mann Movie
September 28, 2022 | msn.com
Ferrari SP51 is a V12 roadster with gorgeous paint based on the 812 GTS Spider
September 28, 2022 | msn.com
Motor racing-Hamilton vows maximum attack to the end of the F1 season
September 28, 2022 | forbes.com
Ferrari Leads The Way In 21st Century Carrozzeria: Maranello’s Latest One-Off Commission, The SP51 Roadster
September 28, 2022 | msn.com
Morgan Stanley says Ferrari stock is ’as close to recession proof as it gets’
September 28, 2022 | businesswire.com
Bitdefender Launches Multi-Year Formula One Partnership with Scuderia Ferrari - Business Wire
September 28, 2022 | bloomberg.com
For Angola's Super Rich, It's No Longer Cool to Drive a Ferrari - Bloomberg
September 27, 2022 | nasdaq.com
As Ferrari N.V.'s (NYSE:RACE)) market cap dropped by US$2.0b, insiders who sold €2.0m worth of stock were able to offset their losses
September 27, 2022 | msn.com
Jean Todt reminds Ferrari: ‘To win, you need excellence at all levels’
September 26, 2022 | nasdaq.com
As Ferrari N.V.'s (NYSE:RACE)) market cap dropped by US$2.0b, insiders who sold €2.0m worth of stock were able to offset their losses - Nasdaq
September 26, 2022 | nasdaq.com
2 Reasons Ferrari Is Expensive and Still a Stock to Buy - Nasdaq
September 25, 2022 | fool.com
2 Reasons Ferrari Is Expensive and Still a Stock to Buy - The Motley Fool
September 23, 2022 | finance.yahoo.com
VLEEY vs. RACE: Which Stock Should Value Investors Buy Now?
September 23, 2022 | theglobeandmail.com
Opinion: Porsche's blockbuster IPO will copy Ferrari's and sets it up to compete with Tesla - The Globe and Mail
See More Headlines
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RACE Company Calendar

Last Earnings
8/02/2022
Today
10/05/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Motor vehicles & car bodies
Sub-Industry
N/A
Sector
Auto/Tires/Trucks
Current Symbol
NYSE:RACE
CUSIP
N/A
CIK
1648416
Web
www.ferrari.com
Phone
390536949111
Fax
N/A
Employees
4,609
Year Founded
1947

Price Target and Rating

Average Stock Price Forecast
$237.00
High Stock Price Forecast
$300.00
Low Stock Price Forecast
$140.00
Forecasted Upside/Downside
+24.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
14 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$5.54
Trailing P/E Ratio
34.25
Forward P/E Ratio
38.80
P/E Growth
3.33
Net Income
$982.88 million
Net Margins
19.35%
Pretax Margin
24.09%
Return on Equity
40.61%
Return on Assets
12.83%

Debt

Debt-to-Equity Ratio
1.22
Current Ratio
4.14
Quick Ratio
3.42

Sales & Book Value

Annual Sales
$5.05 billion
Price / Sales
6.94
Cash Flow
$8.39 per share
Price / Cash Flow
22.62
Book Value
$14.16 per share
Price / Book
13.40

Miscellaneous

Outstanding Shares
184,750,000
Free Float
N/A
Market Cap
$35.05 billion
Optionable
Optionable
Beta
0.95

Social Links


Key Executives

  • Mr. John Jacob Philip Elkann (Age 46)
    Exec. Chairman
    Comp: $338.24k
  • Mr. Benedetto Vigna (Age 53)
    CEO & Exec. Director
    Comp: $5.72M
  • Mr. Antonio Picca Piccon (Age 58)
    Chief Financial Officer
  • Mr. Davide Abate (Age 38)
    Chief Technologies and Infrastructures Officer
  • Ms. Nicoletta Russo
    Head of Investor Relations
  • Mr. Carlo Daneo (Age 54)
    Gen. Counsel
  • Ms. Sabina Fasciolo (Age 54)
    Chief Compliance Officer
  • Mr. Charlie Turner (Age 48)
    Chief Content & Communication Officer
  • Mr. Enrico Galliera (Age 56)
    Chief Marketing & Commercial Officer
  • Mr. Michele Antoniazzi (Age 53)
    Chief HR Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













RACE Stock - Frequently Asked Questions

Should I buy or sell Ferrari stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last twelve months. There are currently 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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 2022?

14 brokerages have issued twelve-month target prices for Ferrari's stock. Their RACE share price forecasts range from $140.00 to $300.00. On average, they expect the company's stock price to reach $237.00 in the next twelve months. This suggests a possible upside of 22.3% 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 2022?

Ferrari's stock was trading at $258.82 at the beginning of the year. Since then, RACE shares have decreased by 25.1% and is now trading at $193.78.
View the best growth stocks for 2022 here.

When is Ferrari's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our RACE earnings forecast.

How were Ferrari's earnings last quarter?

Ferrari (NYSE:RACE) released its quarterly earnings data on Tuesday, August, 2nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.18 by $0.27. The business had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.19 billion. Ferrari had a net margin of 19.35% and a trailing twelve-month return on equity of 40.61%.

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

Ferrari declared an annual dividend on Thursday, April 14th. Stockholders of record on Wednesday, April 20th will be given a dividend of $1.362 per share on Friday, May 6th. This represents a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, April 19th.
Read our dividend analysis for RACE.

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

Ferrari updated its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of $5.12-$5.22 for the period. The company issued revenue guidance of $5.22 billion-$5.22 billion, compared to the consensus revenue estimate of $4.80 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."

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 $193.78.

How much money does Ferrari make?

Ferrari (NYSE:RACE) has a market capitalization of $35.80 billion and generates $5.05 billion in revenue each year. The company earns $982.88 million in net income (profit) each year or $5.54 on an earnings per share basis.

How many employees does Ferrari have?

The company employs 4,609 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 10/5/2022 by MarketBeat.com Staff

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