Analysts Set Ferrari N.V. (NYSE:RACE) PT at $482.17

Shares of Ferrari N.V. (NYSE:RACEGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $476.5155.

RACE has been the topic of several analyst reports. Zacks Research raised shares of Ferrari from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Citigroup upgraded Ferrari from a “sell” rating to a “neutral” rating in a research note on Thursday. The Goldman Sachs Group raised Ferrari to a “strong-buy” rating in a research report on Monday, November 24th. BNP Paribas Exane raised Ferrari to a “strong-buy” rating in a report on Thursday, December 11th. Finally, JPMorgan Chase & Co. dropped their price target on Ferrari from $460.00 to $457.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 12th.

Check Out Our Latest Research Report on RACE

Institutional Investors Weigh In On Ferrari

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Silvant Capital Management LLC increased its position in shares of Ferrari by 1.6% in the 4th quarter. Silvant Capital Management LLC now owns 7,429 shares of the company’s stock valued at $2,745,000 after acquiring an additional 119 shares during the period. Sands Capital Management LLC grew its stake in Ferrari by 23.2% during the 4th quarter. Sands Capital Management LLC now owns 309,983 shares of the company’s stock valued at $114,557,000 after purchasing an additional 58,285 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Ferrari by 5.2% in the fourth quarter. Focus Partners Wealth now owns 15,534 shares of the company’s stock valued at $5,753,000 after purchasing an additional 763 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Ferrari in the fourth quarter worth about $1,298,000. Finally, Infusive Asset Management Inc. lifted its holdings in shares of Ferrari by 269.5% during the fourth quarter. Infusive Asset Management Inc. now owns 15,789 shares of the company’s stock worth $5,835,000 after purchasing an additional 11,516 shares during the period.

Key Stories Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

Ferrari Stock Down 3.2%

Ferrari stock opened at $378.83 on Thursday. The company has a quick ratio of 3.78, a current ratio of 4.90 and a debt-to-equity ratio of 0.76. The firm has a market cap of $91.82 billion, a P/E ratio of 37.47, a P/E/G ratio of 3.64 and a beta of 0.99. The business has a fifty day moving average of $360.25 and a two-hundred day moving average of $410.27. Ferrari has a twelve month low of $328.00 and a twelve month high of $519.10.

About Ferrari

(Get Free Report)

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.

Further Reading

Analyst Recommendations for Ferrari (NYSE:RACE)

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