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NYSE:RACE

Ferrari Stock Forecast, Price & News

$212.39
+2.09 (+0.99 %)
(As of 11/25/2020 12:00 AM ET)
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Today's Range
$210.83
Now: $212.39
$213.08
50-Day Range
$177.12
MA: $195.85
$214.17
52-Week Range
$127.73
Now: $212.39
$215.48
Volume144,091 shs
Average Volume350,715 shs
Market Capitalization$39.35 billion
P/E Ratio70.10
Dividend YieldN/A
Beta0.93
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, 2019, it had a total of 44 retail Ferrari stores, including 24 franchised stores and 20 owned stores. The company also sells its products through a network of 166 authorized dealers operating 187 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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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.38 out of 5 stars


Industry, Sector and Symbol

Industry Motor vehicles & car bodies
Sub-IndustryN/A
CUSIPN/A
Phone39-05-3694-9111
Employees4,410

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.22 billion
Cash Flow$7.12 per share
Book Value$8.99 per share

Profitability

Net Income$779.32 million

Miscellaneous

Market Cap$39.35 billion
Next Earnings Date2/2/2021 (Estimated)
OptionableOptionable
$212.39
+2.09 (+0.99 %)
(As of 11/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Ferrari (NYSE:RACE) Frequently Asked Questions

How has Ferrari's stock been impacted by Coronavirus?

Ferrari's stock was trading at $143.04 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, RACE shares have increased by 48.5% and is now trading at $212.39.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Ferrari?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last year. There are currently 2 sell ratings, 1 hold rating and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Ferrari
.

What stocks does MarketBeat like better than Ferrari?

Wall Street analysts have given Ferrari a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Ferrari wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Ferrari's next earnings date?

Ferrari is scheduled to release its next quarterly earnings announcement on Tuesday, February 2nd 2021.
View our earnings forecast for Ferrari
.

How were Ferrari's earnings last quarter?

Ferrari (NYSE:RACE) posted its quarterly earnings data on Tuesday, November, 3rd. The company reported $0.92 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.92. The company earned $888 million during the quarter, compared to the consensus estimate of $898.21 million. Ferrari had a return on equity of 35.34% and a net margin of 15.26%. Ferrari's revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.90 EPS.
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 of this dividend 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 issued an update on its FY20 earnings guidance on Tuesday, November, 3rd. The company provided EPS guidance of ~EUR2.80 for the period, compared to the Thomson Reuters consensus estimate of $2.69. The company issued revenue guidance of greater that EUR3.4 billion, compared to the consensus revenue estimate of $3.44 billion.

What price target have analysts set for RACE?

13 brokers have issued 1-year price objectives for Ferrari's stock. Their forecasts range from $108.00 to $270.00. On average, they anticipate Ferrari's share price to reach $208.89 in the next twelve months. This suggests that the stock has a possible downside of 1.6%.
View analysts' price targets for Ferrari
.

Are investors shorting Ferrari?

Ferrari saw a increase in short interest in the month of October. As of October 30th, there was short interest totaling 2,080,000 shares, an increase of 18.9% from the October 15th total of 1,750,000 shares. Based on an average daily trading volume, of 229,300 shares, the short-interest ratio is currently 9.1 days. Currently, 1.8% of the shares of the stock are sold short.
View Ferrari's Short Interest
.

Who are some of Ferrari's key 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), 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).

Who are Ferrari's key executives?

Ferrari's management team includes the following people:
  • Mr. John Jacob Philip Elkann, Exec. Chairman (Age 44)
  • Mr. Louis C. Camilleri BA, CEO & Exec. Director (Age 65)
  • Mr. Antonio Picca Piccon, Chief Financial Officer (Age 56)
  • Mr. Michael Hugo Leiters, Chief Technology Officer (Age 49)
  • Ms. Nicoletta Russo, Head of Investor Relations
  • Mr. Carlo Daneo, Gen. Counsel (Age 52)
  • Ms. Jane Reeve, Chief Communication Officer (Age 61)
  • Mr. Enrico Galliera, Chief Marketing & Commercial Officer (Age 54)
  • Mr. Michele Antoniazzi, Chief HR Officer (Age 51)
  • Mr. Vincenzo Regazzoni, Chief Manufacturing Officer (Age 57)

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 retail and institutional investors. Top institutional investors include Bank of Italy (0.99%), AKO Capital LLP (0.98%), Winslow Capital Management LLC (0.97%), AXA S.A. (0.79%), BlackRock Inc. (0.75%) and WCM Investment Management LLC (0.70%).

Which major investors are selling Ferrari stock?

RACE stock was sold by a variety of institutional investors in the last quarter, including AKO Capital LLP, Jupiter Asset Management Ltd., Winslow Capital Management LLC, BlackRock Inc., Emerson Point Capital LP, Allianz Asset Management GmbH, DekaBank Deutsche Girozentrale, and Jefferies Group LLC.

Which major investors are buying Ferrari stock?

RACE stock was purchased by a variety of institutional investors in the last quarter, including Bank of Italy, Thornburg Investment Management Inc., AXA S.A., WCM Investment Management LLC, Banco Santander S.A., Schonfeld Strategic Advisors LLC, Cubist Systematic Strategies LLC, and Sycomore Asset Management.

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 $212.39.

How big of a company is Ferrari?

Ferrari has a market capitalization of $39.35 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 4,410 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 11/26/2020 by MarketBeat.com Staff

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