Ferrari NV (RACE) Receives New Coverage from Analysts at Societe Generale
Separately, Morgan Stanley boosted their price target on Ferrari NV from $54.00 to $56.00 and gave the company an overweight rating in a research note on Wednesday, August 17th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Ferrari NV currently has a consensus rating of Hold and a consensus target price of $49.12.
Ferrari NV (NYSE:RACE) opened at 52.40 on Thursday. The company has a market cap of $9.90 billion and a PE ratio of 27.49. Ferrari NV has a 12-month low of $31.66 and a 12-month high of $60.97. The company has a 50-day moving average price of $50.37 and a 200 day moving average price of $45.28.
Several institutional investors have recently bought and sold shares of the company. Samlyn Capital LLC boosted its position in Ferrari NV by 35.3% in the first quarter. Samlyn Capital LLC now owns 1,322,900 shares of the company’s stock worth $55,165,000 after buying an additional 345,305 shares during the period. AXA acquired a new position in Ferrari NV during the first quarter worth approximately $1,125,000. Nantahala Capital Management LLC acquired a new position in Ferrari NV during the first quarter worth approximately $8,969,000. Credit Agricole S A acquired a new position in Ferrari NV during the first quarter worth approximately $25,707,000. Finally, Aviva PLC acquired a new position in Ferrari NV during the first quarter worth approximately $3,745,000. 26.83% of the stock is owned by institutional investors.
About Ferrari NV
Ferrari NV, known as New Business Netherlands NV, is an Italy-based company, incorporated in the Netherlands, that is engaged in designing, manufacturing and selling sports cars under the Ferrari brand. Its products include nine sports car models, including seven sports cars: 458 Italia, 488 GTB, 458 Spider, 488 Spider, F12 Berlinetta, 458 Speciale and 458 Speciale A; as well as two grand tourer (GT) cars: California T and FF.
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