Ferrari NV (NYSE:RACE) has been given a consensus rating of “Hold” by the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $147.50.

Several research firms recently weighed in on RACE. ValuEngine cut shares of Ferrari from a “buy” rating to a “hold” rating in a research note on Tuesday. Jefferies Financial Group cut shares of Ferrari from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Societe Generale raised shares of Ferrari from a “sell” rating to a “hold” rating and raised their target price for the company from $94.00 to $130.00 in a research note on Wednesday, October 10th. Zacks Investment Research cut shares of Ferrari from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $140.00 price target (up previously from $120.00) on shares of Ferrari in a report on Tuesday, October 2nd.

Institutional investors have recently made changes to their positions in the business. Financial Gravity Wealth Inc. acquired a new stake in Ferrari during the 1st quarter valued at $131,000. Nisa Investment Advisors LLC acquired a new stake in shares of Ferrari during the second quarter worth $155,000. Sfmg LLC acquired a new stake in shares of Ferrari during the second quarter worth $214,000. Opera Trading Capital acquired a new stake in shares of Ferrari during the second quarter worth $247,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ferrari during the second quarter worth $272,000. 34.26% of the stock is owned by institutional investors and hedge funds.

NYSE:RACE opened at $116.51 on Wednesday. Ferrari has a 1-year low of $103.65 and a 1-year high of $149.85. The company has a debt-to-equity ratio of 2.00, a current ratio of 3.36 and a quick ratio of 2.71. The firm has a market capitalization of $21.59 billion, a P/E ratio of 31.13, a PEG ratio of 2.10 and a beta of 1.19.

Ferrari (NYSE:RACE) last released its earnings results on Wednesday, August 1st. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.10. Ferrari had a net margin of 17.18% and a return on equity of 72.38%. The business had revenue of $906.00 million during the quarter, compared to analysts’ expectations of $925.46 million. During the same period last year, the business earned $0.72 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Ferrari will post 3.36 EPS for the current year.

Ferrari Company Profile

Ferrari N.V., through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports cars, GT cars, special series cars, limited edition supercars, limited editions series, and one-off cars; and open air roadsters and two-seater mid-rear-engined roadsters.

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Analyst Recommendations for Ferrari (NYSE:RACE)

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