NYSE:RACE Ferrari - RACE Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Ferrari Please log in to your account or sign up in order to add this asset to your watchlist. $260.04 -5.44 (-2.05%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$259.70▼$264.0050-Day Range$210.25▼$265.4852-Week Range$167.45▼$270.35Volume776,288 shsAverage Volume450,647 shsMarket CapitalizationN/AP/E Ratio48.33Dividend YieldN/APrice Target$250.06 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Ferrari MarketRank™ ForecastAnalyst RatingModerate Buy2.58 Rating ScoreUpside/Downside3.8% Downside$250.06 Price TargetShort InterestBearish1.45% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.33Based on 20 Articles This WeekInsider TradingN/AProj. Earnings Growth9.65%From $6.22 to $6.82 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.49 out of 5 stars 1.3 Analyst's Opinion Consensus RatingFerrari has received a consensus rating of Buy. The company's average rating score is 2.58, and is based on 7 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $250.06, Ferrari has a forecasted downside of 3.8% from its current price of $260.04.Amount of Analyst CoverageFerrari has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted1.45% of the float of Ferrari has been sold short.Short Interest Ratio / Days to CoverFerrari has a short interest ratio ("days to cover") of 6.1.Change versus previous monthShort interest in Ferrari has recently increased by 1.71%, indicating that investor sentiment is decreasing. Previous Next 0.8 Dividend Strength Dividend YieldFerrari does not currently pay a dividend.Dividend GrowthFerrari has only been increasing its dividend for 1 years.Dividend SustainabilityBased on earnings estimates, Ferrari will have a dividend payout ratio of 21.70% next year. This indicates that Ferrari will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RACE. Previous Next 3.0 News and Social Media Coverage News SentimentFerrari has a news sentiment score of 0.33. 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 news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.News Coverage This WeekMarketBeat has tracked 20 news articles for Ferrari this week, compared to 6 articles on an average week.Search Interest15 people have searched for RACE on MarketBeat in the last 30 days. This is an increase of 114% compared to the previous 30 days.MarketBeat Follows7 people have added Ferrari to their MarketBeat watchlist in the last 30 days. This is an increase of 75% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ferrari insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 32.21% of the stock of Ferrari is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Ferrari are expected to grow by 9.65% in the coming year, from $6.22 to $6.82 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ferrari is 48.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.94.Price to Earnings Ratio vs. SectorThe P/E ratio of Ferrari is 48.33, 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 20.40.Price to Earnings Growth RatioFerrari has a PEG Ratio of 3.75. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFerrari has a P/B Ratio of 18.36. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Ferrari (NYSE:RACE) StockFerrari 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.Read More Receive RACE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ferrari and its competitors with MarketBeat's FREE daily newsletter. Email Address RACE Stock News HeadlinesFebruary 5, 2023 | finance.yahoo.comFerrari Full Year 2022 Earnings: Revenues Beat Expectations, EPS In LineFebruary 5, 2023 | americanbankingnews.comFerrari (NYSE:RACE) PT Raised to $310.00 at Credit Suisse GroupFebruary 5, 2023 | Wall Street Watch Dogs (Ad)“Future Fuel” will unleash $11 trillion wave of wealthThe next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…February 4, 2023 | finance.yahoo.com25 Fastest Cars In The WorldFebruary 4, 2023 | americanbankingnews.comUBS Group Boosts Ferrari (NYSE:RACE) Price Target to $330.00February 3, 2023 | finance.yahoo.comFerrari N.V. (NYSE:RACE) Q4 2022 Earnings Call TranscriptFebruary 2, 2023 | seekingalpha.comFerrari Is A Solid BuyFebruary 2, 2023 | uk.finance.yahoo.comFerrari enjoys record year as ultra-rich snap up sportscarsFebruary 5, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...February 2, 2023 | finance.yahoo.comFerrari Stock Accelerates on Positive Outlook as Earnings ImpressFebruary 2, 2023 | finance.yahoo.comFerrari raises outlook after record-breaking 2022February 2, 2023 | investing.comFerrari revs up for 'even stronger 2023'February 1, 2023 | americanbankingnews.comFerrari (RACE) to Release Earnings on ThursdayFebruary 1, 2023 | americanbankingnews.comFerrari (RACE) to Release Quarterly Earnings on ThursdayJanuary 31, 2023 | msn.comVasseur downplays 'joke' reports over Ferrari F1 engine gainsJanuary 30, 2023 | finance.yahoo.com2023 Corporate CalendarJanuary 29, 2023 | americanbankingnews.comFerrari (NYSE:RACE) Sees Strong Trading Volume Following Analyst UpgradeJanuary 29, 2023 | americanbankingnews.comFerrari (NYSE:RACE) Sees Strong Trading Volume on Analyst UpgradeJanuary 28, 2023 | americanbankingnews.comFerrari (NYSE:RACE) Price Target Raised to $290.00 at Credit Suisse GroupJanuary 26, 2023 | investing.comBernstein Reiterates Market Perform Rating on Ferrari NV January 24, 2023 | uk.finance.yahoo.comElectric Ferraris to roar like its petrol cars thanks to new techJanuary 20, 2023 | finance.yahoo.comWhat Shakira gets wrong about men and their carsJanuary 20, 2023 | finance.yahoo.comFerrari to Announce 2022 Full Year and Fourth Quarter Financial Results on February 2January 18, 2023 | finance.yahoo.comFerrari Is Shifting Into High Gear. Buy Its Stock.January 16, 2023 | finance.yahoo.comFERRARI ENTERS INTO A PARTNERSHIP AGREEMENT WITH ASAHI EUROPE & INTERNATIONALJanuary 14, 2023 | seekingalpha.comFerrari Stock Is Expensive CurrentlyJanuary 12, 2023 | benzinga.comFerrari Flees Crypto Crash With Terminated Velas SponsorshipSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive RACE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ferrari and its competitors with MarketBeat's FREE daily newsletter. Email Address RACE Company Calendar Last Earnings11/02/2021Today2/05/2023Next Earnings (Estimated)5/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Motor vehicles & car bodies Sub-IndustryN/A SectorAuto/Tires/Trucks Current SymbolNYSE:RACE CUSIPN/A CIK1648416 Webwww.ferrari.com Phone390536949111FaxN/AEmployees4,609Year Founded1947Price Target and Rating Average Stock Price Forecast$250.06 High Stock Price Forecast$330.00 Low Stock Price Forecast$180.00 Forecasted Upside/Downside-3.8%Consensus RatingModerate Buy Rating Score (0-4)2.58 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$5.38 Trailing P/E Ratio48.33 Forward P/E Ratio41.81 P/E Growth3.75Net Income$982.88 million Net Margins18.44% Pretax Margin23.63% Return on Equity39.77% Return on Assets12.54% Debt Debt-to-Equity Ratio1.21 Current Ratio4.47 Quick Ratio3.74 Sales & Book Value Annual Sales$5.37 billion Price / SalesN/A Cash Flow$8.26 per share Price / Cash Flow31.50 Book Value$14.16 per share Price / Book18.36Miscellaneous Outstanding SharesN/AFree FloatN/AMarket CapN/A OptionableOptionable Beta0.98 Social Links Key ExecutivesBenedetto VignaChief Executive Officer & Executive DirectorAntonio Picca PicconChief Financial OfficerErnesto LasalandraChief Research & Development OfficerDavide AbateChief Technology & Infrastructures OfficerSabina FascioloChief Compliance OfficerKey CompetitorsHonda MotorNYSE:HMCStellantisNYSE:STLAPACCARNASDAQ:PCARFord MotorNYSE:FGeneral MotorsNYSE:GMView All CompetitorsInsiders & InstitutionsYCG LLCSold 187 shares on 2/3/2023Ownership: 0.000%D.A. Davidson & CO.Sold 42 shares on 2/3/2023Ownership: 0.000%Carl P. Sherr & Co. LLCBought 1,043 shares on 2/3/2023Ownership: 0.000%SG Americas Securities LLCSold 324 shares on 2/2/2023Ownership: 0.000%Legacy Wealth Asset Management LLCBought 246 shares on 2/2/2023Ownership: 0.000%View All Institutional Transactions RACE Stock - Frequently Asked Questions Should I buy or sell Ferrari stock right now? 12 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 7 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? 12 Wall Street analysts have issued 12-month price targets for Ferrari's stock. Their RACE share price forecasts range from $180.00 to $330.00. On average, they expect the company's share price to reach $250.06 in the next twelve months. This suggests that the stock has a possible downside of 3.8%. 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 on January 1st, 2023. Since then, RACE stock has increased by 21.4% and is now trading at $260.04. 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) posted its quarterly earnings results on Tuesday, November, 2nd. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.07 by $0.04. The business earned $1.24 billion during the quarter, compared to the consensus estimate of $1.26 billion. Ferrari had a trailing twelve-month return on equity of 39.77% and a net margin of 18.44%. During the same period in the prior year, the business earned $1.08 earnings per share. How often does Ferrari pay dividends? What is the dividend yield for Ferrari? Ferrari declared 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 yield of 0.66%. The ex-dividend date of this dividend is Tuesday, April 19th. Read our dividend analysis for RACE. Is Ferrari a good dividend stock? Ferrari (NYSE:RACE) pays an annual dividend of $0.51 per share and currently has a dividend yield of 0.00%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 9.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RACE will have a dividend payout ratio of 7.55% next year. This indicates that the company will be able to sustain or increase its dividend. 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 (EPS) guidance of $6.12-$6.33 for the period, compared to the consensus 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 shareholders include Baillie Gifford & Co. (4.14%), Bank of Italy (0.00%), AKO Capital LLP (0.52%), AustralianSuper Pty Ltd (0.00%), Allspring Global Investments Holdings LLC (0.15%) and Bank of Montreal Can (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 $260.04. How much money does Ferrari make? Ferrari (NYSE:RACE) has a market capitalization of $48.04 billion and generates $4.90 billion in revenue each year. The company earns $982.88 million in net income (profit) each year or $5.38 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 2/5/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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