NYSE:RACE

Ferrari - RACE Stock Forecast, Price & News

$266.17

+0.80 (+0.30%)

(As of 03/27/2023 05:26 PM ET)

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Today's Range: $265.45
▼
$268.63
50-Day Range: $235.92
▼
$271.45
52-Week Range: $167.45
▼
$274.08

Volume: 237,055 shs
Average Volume: 381,163 shs
Market Capitalization: N/A

P/E Ratio: 49.47
Dividend Yield: N/A
Price Target: $253.06

Institutional Ownership

Ferrari MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.55 Rating Score
Upside/Downside: 4.9% Downside
$253.06 Price Target
Short Interest: Bearish
1.69% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.01
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 13.24%
From $6.42 to $7.27 Per Share

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 Rating
Ferrari 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/Downside
According 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 Coverage
Ferrari has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
1.69% of the float of Ferrari has been sold short.
Short Interest Ratio / Days to Cover
Ferrari has a short interest ratio ("days to cover") of 5.7.
Change versus previous month
Short interest in Ferrari has recently increased by 8.95%, indicating that investor sentiment is decreasing significantly.

0.8

Dividend Strength

Dividend Yield
Ferrari does not currently pay a dividend.
Dividend Growth
Ferrari has only been increasing its dividend for 2 years.
Dividend Sustainability
Based 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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RACE.

1.1

News and Social Media Coverage

News Sentiment
Ferrari 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 Week
MarketBeat has tracked 6 news articles for Ferrari this week, compared to 6 articles on an average week.
Search Interest
Only 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 Follows
Only 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.

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 32.21% of the stock of Ferrari is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The 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. Sector
The 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 Ratio
Ferrari has a PEG Ratio of 2.79. 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 17.94. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Ferrari (NYSE:RACE) Stock

Ferrari 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.

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RACE Stock News Headlines

March 26, 2023 | finance.yahoo.com

Does Ferrari (NYSE:RACE) Deserve A Spot On Your Watchlist?

March 23, 2023 | seekingalpha.com

Ferrari: Time To Look Beyond Formula One

March 27, 2023 | Behind the Markets (Ad)

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March 23, 2023 | msn.com

Charles Leclerc Scathes Ferrari After Saudi Arabian Grand Prix

March 23, 2023 | markets.businessinsider.com

Morgan Stanley Reaffirms Their Buy Rating on Ferrari (RACE)

March 23, 2023 | msn.com

Watch This Guy Drift a $25-Million Ferrari on Ice Like It's No Big Deal

March 20, 2023 | finance.yahoo.com

CYBER INCIDENT IN FERRARI.

March 15, 2023 | finance.yahoo.com

FBI arrests exiled Chinese social media mogul in alleged $1B fraud scheme used to fund luxurious NYC lifestyle

March 27, 2023 | Behind the Markets (Ad)

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March 13, 2023 | msn.com

Ferrari's Secret Weapon That Makes Them the Most Powerful Team in F1

March 13, 2023 | msn.com

Ferrari: New Le Mans Hypercar off at WEC Prologue “nothing serious”

March 12, 2023 | finance.yahoo.com

Ferrari (NYSE:RACE) Is Aiming To Keep Up Its Impressive Returns

March 8, 2023 | finance.yahoo.com

A first drive of the new Ferrari Purosangue

March 7, 2023 | msn.com

Formula 1 Rumor: Lando Norris Could Force Move to Ferrari and Surprise Team

March 7, 2023 | msn.com

Motor racing-Ferrari put reliability top of the to-do list

March 7, 2023 | msn.com

Unusual Options Volume for Ferrari (RACE) Underscores a Contrarian Opportunity

March 7, 2023 | finance.yahoo.com

Morgan Stanley Has A New Favorite Carmaker

March 7, 2023 | finance.yahoo.com

Can eFuels Save The Combustion Engine?

March 6, 2023 | finance.yahoo.com

Dow Jones Fades Ahead Of Powell Testimony; Ferrari Overtakes Tesla As Leader; Apple Pops

March 6, 2023 | finance.yahoo.com

Ferrari Stock Races Past Tesla For Top Pick In U.S. Autos, Analyst Says

March 5, 2023 | seekingalpha.com

Ferrari: A Luxury Automotive, In A League Of Its Own

March 3, 2023 | finance.yahoo.com

FERRARI PUBLISHES AGENDA FOR THE 2023 AGM

March 3, 2023 | finance.yahoo.com

Ferrari Races Past Buy Point; Formula 1 Race Car Adds Controversial Wing

March 2, 2023 | finance.yahoo.com

Ferrari Signs a Partnership With VGW

March 1, 2023 | finance.yahoo.com

Is Ferrari Stock A Buy Now As Charles Leclerc Targets F1 Title, RACE Leads Tesla In This?

February 27, 2023 | finance.yahoo.com

Is Ferrari Stock A Buy Now? Here's What Earnings, Charts Show Ahead Of New F1 Season

February 26, 2023 | finance.yahoo.com

Ferrari: Style and Speed All in One Stock Chart

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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RACE Company Calendar

Last Earnings: 2/02/2023
Today: 3/27/2023
Next Earnings (Estimated): 5/03/2023
Fiscal Year End: 12/31/2023

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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: 4,919
Year Founded: 1947

Price 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 Rating: Moderate Buy
Rating Score (0-4): 2.55
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.38
Trailing P/E Ratio: 49.33
Forward P/E Ratio: 41.33
P/E Growth: 2.79
Net Income: $982.60 million
Net Margins: 18.44%
Pretax Margin: 23.11%
Return on Equity: 38.78%
Return on Assets: 12.42%

Debt

Debt-to-Equity Ratio: 1.08
Current Ratio: 4.11
Quick Ratio: 3.41

Sales & Book Value

Annual Sales: $5.37 billion
Price / Sales: N/A
Cash Flow: $8.47 per share
Price / Cash Flow: 31.33
Book Value: $14.84 per share
Price / Book: 17.88

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Optionable
Beta: 0.99

Social Links

Key Executives

Benedetto Vigna
Chief Executive Officer & Executive Director

Antonio Picca Piccon
Chief Financial Officer

Ernesto Lasalandra
Chief Research & Development Officer

Davide Abate
Chief Technology & Infrastructures Officer

Sabina Fasciolo
Chief Compliance Officer

Key Competitors

View All Competitors

Institutional Ownership

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

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Ferrari - RACE Stock Forecast, Price & News

Ferrari MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Ferrari (NYSE:RACE) Stock

RACE Stock News Headlines

RACE Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

RACE Stock - Frequently Asked Questions

Overall MarketRank^™