Ferrari N.V. (RACE) Earns Daily Media Sentiment Score of 0.15
Press coverage about Ferrari N.V. (NYSE:RACE) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ferrari N.V. earned a news impact score of 0.15 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.073260227508 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Ferrari NV :RACE-US: Earnings Analysis: Q2, 2017 By the Numbers : August 8, 2017 (finance.yahoo.com)
- IHS Markit Score downgrades Ferrari NV to 38 out of 100, ranking positively in only one out of three available IHS Markit categories. (finance.yahoo.com)
- Norges Bank Bought A Lot More Ferrari NV (RACE) Stock – Highlight Press (highlightpress.com)
- Ferrari: More Growth Needed To Justify Valuation – Seeking Alpha (seekingalpha.com)
- Can Ferrari N.V. (NYSE:RACE) Grab Upward Traction? – FLBC News – FLBC News (flbcnews.com)
Ferrari N.V. (NYSE:RACE) traded down 2.33% during mid-day trading on Thursday, hitting $108.67. The stock had a trading volume of 738,695 shares. The company’s 50 day moving average is $96.71 and its 200-day moving average is $79.83. The stock has a market capitalization of $20.53 billion, a P/E ratio of 36.08 and a beta of 1.82. Ferrari N.V. has a 52 week low of $46.39 and a 52 week high of $111.77.
Ferrari N.V. (NYSE:RACE) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.13. The company had revenue of $1.01 billion during the quarter. Ferrari N.V. had a return on equity of 128.49% and a net margin of 14.43%. On average, analysts expect that Ferrari N.V. will post $3.08 EPS for the current fiscal year.
Several research firms have recently issued reports on RACE. UBS AG reissued a “buy” rating and set a $125.00 target price (up from $100.00) on shares of Ferrari N.V. in a report on Wednesday. Zacks Investment Research raised Ferrari N.V. from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a report on Saturday, July 22nd. Bank of America Corporation reissued a “buy” rating and set a $100.00 target price (up from $90.00) on shares of Ferrari N.V. in a report on Friday, June 16th. Kepler Capital Markets reissued a “hold” rating on shares of Ferrari N.V. in a report on Monday, May 15th. Finally, Morgan Stanley reduced their target price on Ferrari N.V. from $100.00 to $72.00 and set an “overweight” rating on the stock in a report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $91.67.
Ferrari N.V. Company Profile
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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