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NYSE:RACEFerrari Stock Price, Forecast & News

$170.85
-3.14 (-1.80 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$170.38
Now: $170.85
$174.22
50-Day Range
$148.99
MA: $159.59
$176.19
52-Week Range
$127.73
Now: $170.85
$180.95
Volume442,205 shs
Average Volume225,369 shs
Market Capitalization$31.66 billion
P/E Ratio41.88
Dividend YieldN/A
Beta0.92
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, 2018, it had a total of 35 retail Ferrari stores, including 17 franchised stores and 18 owned stores. The company also sells its products through a network of 167 authorized dealers operating 190 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: 2.4Community Rank: 2.7Dividend Strength: 0.8Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.43 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.22 billion
Cash Flow$6.24 per share
Book Value$8.99 per share

Profitability

Net Income$779.32 million

Miscellaneous

Employees4,285
Market Cap$31.66 billion
Next Earnings Date8/7/2020 (Estimated)
OptionableOptionable

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Ferrari (NYSE:RACE) Frequently Asked Questions

How has Ferrari's stock been impacted by COVID-19 (Coronavirus)?

Ferrari's stock was trading at $143.04 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, RACE shares have increased by 19.4% and is now trading at $170.85. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ferrari?

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

When is Ferrari's next earnings date?

Ferrari is scheduled to release its next quarterly earnings announcement on Friday, August 7th 2020. View our earnings forecast for Ferrari.

How were Ferrari's earnings last quarter?

Ferrari NV (NYSE:RACE) announced its quarterly earnings results on Monday, May, 4th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.90 by $0.09. The business had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $852.32 million. Ferrari had a return on equity of 47.13% and a net margin of 18.23%. 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. Stockholders of record on Tuesday, April 21st will be paid a dividend of $1.2351 per share on Tuesday, May 5th. This represents a yield of 0.7%. The ex-dividend date is Monday, April 20th. This is a boost 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 updated its FY20 earnings guidance on Monday, May, 4th. The company provided EPS guidance of $2.40-3.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.43. The company issued revenue guidance of EUR 3.4-3.6 billion, compared to the consensus revenue estimate of $3.87 billion.

What price target have analysts set for RACE?

12 Wall Street analysts have issued 1 year price objectives for Ferrari's shares. Their forecasts range from $108.00 to $225.00. On average, they anticipate Ferrari's share price to reach $174.44 in the next year. This suggests a possible upside of 2.1% from the stock's current price. View analysts' price targets for Ferrari.

Has Ferrari been receiving favorable news coverage?

Media stories about RACE stock have trended very negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ferrari earned a media sentiment score of -3.1 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutFerrari.

Are investors shorting Ferrari?

Ferrari saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,850,000 shares, a drop of 16.7% from the April 30th total of 2,220,000 shares. Based on an average trading volume of 579,600 shares, the short-interest ratio is presently 3.2 days. Approximately 1.6% of the shares of the company are sold short. View Ferrari's Current Options Chain.

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), Home Depot (HD), Netflix (NFLX), Paypal (PYPL), Visa (V), Cisco Systems (CSCO), Boeing (BA), Intel (INTC) and JPMorgan Chase & Co. (JPM).

Who are Ferrari's key executives?

Ferrari's management team includes the following people:
  • Mr. Louis C. Camilleri BA, CEO & Exec. Director (Age 64)
  • Mr. Antonio Picca Piccon, Chief Financial Officer
  • Mr. Michael Hugo Leiters, Chief Technology Officer (Age 48)
  • Ms. Nicoletta Russo, Head of Investor Relations
  • Mr. Carlo Daneo, Gen. Counsel

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 a number of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (7.19%), AKO Capital LLP (1.38%), BlackRock Inc. (0.76%), Darsana Capital Partners LP (0.70%), Capital World Investors (0.68%) and AXA (0.61%).

Which major investors are selling Ferrari stock?

RACE stock was sold by a variety of institutional investors in the last quarter, including Melvin Capital Management LP, Deutsche Bank AG, Jupiter Asset Management Ltd., Darsana Capital Partners LP, Baillie Gifford & Co., Capital Research Global Investors, Two Sigma Advisers LP, and Waddell & Reed Financial Inc..

Which major investors are buying Ferrari stock?

RACE stock was acquired by a variety of institutional investors in the last quarter, including Third Point LLC, WCM Investment Management LLC, AXA, Pictet Asset Management Ltd., Envestnet Asset Management Inc., Wellington Management Group LLP, Morgan Stanley, and Morgan Stanley.

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 $170.85.

How big of a company is Ferrari?

Ferrari has a market capitalization of $31.66 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 4,285 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 6/6/2020 by MarketBeat.com Staff

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