Ferrari N.V. (NYSE:RACE) Given Average Rating of “Moderate Buy” by Analysts

Shares of Ferrari N.V. (NYSE:RACE) have been given a consensus rating of “Moderate Buy” by the seventeen brokerages that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $470.6973.

Several brokerages recently commented on RACE. Jefferies Financial Group raised shares of Ferrari from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. UBS Group dropped their price target on shares of Ferrari from $555.00 to $483.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Ferrari in a report on Friday, April 10th. JPMorgan Chase & Co. upped their price objective on shares of Ferrari from $407.00 to $447.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Finally, Morgan Stanley upgraded shares of Ferrari from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $388.00 to $438.00 in a report on Monday.

Institutional Investors Weigh In On Ferrari

Several institutional investors and hedge funds have recently bought and sold shares of RACE. Groupama Asset Managment raised its holdings in shares of Ferrari by 5.7% during the third quarter. Groupama Asset Managment now owns 16,990,621 shares of the company’s stock valued at $8,244,189,000 after acquiring an additional 916,821 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Ferrari by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 5,213,450 shares of the company’s stock valued at $1,937,388,000 after acquiring an additional 58,506 shares in the last quarter. Amundi increased its position in Ferrari by 11.1% during the 4th quarter. Amundi now owns 3,303,264 shares of the company’s stock valued at $1,220,754,000 after purchasing an additional 330,896 shares during the period. Bank of New York Mellon Corp increased its position in Ferrari by 8.4% during the 1st quarter. Bank of New York Mellon Corp now owns 2,808,855 shares of the company’s stock valued at $950,657,000 after purchasing an additional 218,830 shares during the period. Finally, Morgan Stanley raised its holdings in Ferrari by 43.4% in the 4th quarter. Morgan Stanley now owns 2,546,564 shares of the company’s stock worth $941,109,000 after purchasing an additional 771,039 shares in the last quarter.

Key Headlines Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Lewis Hamilton won his first race for Ferrari, a high-profile victory that strengthens Ferrari’s racing prestige and brand momentum. Lewis Hamilton wins maiden Ferrari race at Spanish GP, ends Mercedes’ unbeaten run
• Positive Sentiment: Multiple follow-up articles highlighted the significance of Hamilton’s Ferrari win, suggesting the result could improve fan excitement, sponsorship value, and overall brand visibility. Recap and reaction as Hamilton wins first grand prix for Ferrari
• Positive Sentiment: A bank note said the recent sell-off in Ferrari shares tied to the Luce-related move has gone too far, implying the stock may be undervalued after the pullback. Ferrari: Why this bank says the Luce-fueled stock sell-off has gone too far
• Neutral Sentiment: Coverage of Ferrari’s Le Mans performance noted a clean race and a fifth-place finish, but also acknowledged a pace deficit versus rivals, offering limited near-term financial impact. Ferrari Satisfied With P5, Clean Race Amid 499P Pace Deficit
• Neutral Sentiment: Other articles about drag races, analyst-call roundups, and commentary on Formula 1 are mostly sentiment-driven and do not directly change Ferrari’s fundamentals. Modified Acura NSX faces Ferrari SF90 in drag race

Ferrari Stock Performance

Shares of RACE stock opened at $366.34 on Wednesday. The company has a market capitalization of $85.70 billion, a P/E ratio of 35.15, a PEG ratio of 3.50 and a beta of 0.93. Ferrari has a fifty-two week low of $312.51 and a fifty-two week high of $519.10. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.08 and a current ratio of 5.20. The stock has a 50 day moving average price of $346.69 and a two-hundred day moving average price of $353.73.

About Ferrari

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.