Ferrari Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last year. There are currently 2 sell ratings, 8 hold ratings and 7 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.
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Ferrari is scheduled to release its next quarterly earnings announcement on Tuesday, November 2nd 2021.
View our earnings forecast for Ferrari.

Ferrari (NYSE:RACE) announced its earnings results on Sunday, August, 1st. The company reported $1.11 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.19 by $0.08. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.05 billion. Ferrari had a trailing twelve-month return on equity of 43.39% and a net margin of 21.11%. The company's quarterly revenue was up 81.3% compared to the same quarter last year. During the same period last year, the business earned $0.04 earnings per share.
View Ferrari's earnings history.

Ferrari's stock was trading at $143.04 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, RACE stock has increased by 50.1% and is now trading at $214.71.
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Ferrari declared an annual dividend on Friday, April 16th. Investors 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 of this dividend is Monday, April 19th.
View Ferrari's dividend history.

Ferrari updated its FY 2021 earnings guidance on Monday, August, 9th. The company provided earnings per share guidance of $4.818-$5.059 for the period, compared to the Thomson Reuters consensus estimate of $4.920. The company issued revenue guidance of $5.18 billion-$5.18 billion, compared to the consensus revenue estimate of $5.11 billion.

17 brokerages have issued 1 year target prices for Ferrari's stock. Their forecasts range from $185.00 to $281.00. On average, they anticipate Ferrari's stock price to reach $236.70 in the next year. This suggests a possible upside of 10.2% from the stock's current price.
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Some companies that are related to Ferrari include Volkswagen (VWAGY), Daimler (DDAIF), General Motors (GM), NIO (NIO), Honda Motor (HMC), Ford Motor (F), Lucid Group (LCID), AB Volvo (publ) (VLVLY), Stellantis (STLA), Geely Automobile (GELYY), XPeng (XPEV), PACCAR (PCAR), Stellantis (PUGOY), Li Auto (LI) and Nissan Motor (NSANY).
View all of RACE's competitors.

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).

Ferrari trades on the New York Stock Exchange (NYSE) under the ticker symbol "RACE."

Ferrari's stock is owned by a variety of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (5.55%), Price T Rowe Associates Inc. MD (4.92%), Vanguard Group Inc. (2.12%), FMR LLC (1.27%), WCM Investment Management LLC (1.25%) and AXA S.A. (0.82%).

RACE stock was sold by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Price T Rowe Associates Inc. MD, Jennison Associates LLC, JPMorgan Chase & Co., PDT Partners LLC, Renaissance Technologies LLC, AKO Capital LLP, and Citigroup Inc..

RACE stock was acquired by a variety of institutional investors in the last quarter, including Amundi, Macquarie Group Ltd., WCM Investment Management LLC, FMR LLC, Morgan Stanley, Morgan Stanley, Melvin Capital Management LP, and AXA S.A..

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.
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One share of RACE stock can currently be purchased for approximately $214.71.

Ferrari has a market capitalization of $39.67 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.

Ferrari employs 4,556 workers across the globe.

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..

Ferrari was founded in 1947.

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

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

Ferrari's mailing address is VIA ABETONE INFERIORE N. 4, MARANELLO L6, I-41053. The company can be reached via phone at 390536949111.