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Race Stock Forecast, Price & News Ferrari

RACE stock

Ferrari N.V., through its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company DotBig offers sports, GT, and special series cars; limited edition hyper cars; one-off and track cars; and Icona cars.

RACE stock

Twitter icon A stylized bird with an open mouth, tweeting. YouTube icon A play button in the shape of a television screen. Menu icon A vertical stack of three evenly spaced horizontal lines. By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. One share of can currently be purchased for approximately $190.35. Earnings for Ferrari are expected to grow by 16.10% in the coming year, from $4.97 to $5.77 per share.

Ferrari N V Common Shares Race Company Bio

The firm’s models include the F12Berlinetta, 488GTB, 488 Spider, 458 Speciale, California T, the LaFerrari Hybrid, LaFerrari, and the FF four-wheel drive. It participates in car racing such as Formula One. The company was founded by Enzo Anselmo Ferrari in 1939 and is headquartered in Maranello, Italy. At the center of everything we do is a strong commitment to DotBig independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.41% per year. These returns cover a period from January 1, 1988 through July 4, 2022.

RACE stock

But that won’t last, and as optimism returns, auto sales will … This score is calculated as an average of sentiment of articles about the company over the last seven days and DotBig ranges from 2 to -2 . This is a lower news sentiment than the 0.30 average news sentiment score of Auto/Tires/Trucks companies. Ferrari has received a consensus rating of Buy.

Ferrari Results Show Some People Have Money To Spend

The luxury automaker’s stock will probably trade at rich levels akin to the rich heritage of the company. Ferrari is set to commence the first tranche of its new 2-billion euros share buyback program. The tranche will be executed through a bank and the New York Stock Exchange. Here’s our pick of the 7 best electric vehicle stocks to invest Ferrari stock price today in. These stocks have taken a beating and are trading at a discount now. High-end luxury brands are reporting strong sales even as retailers catering to more mainstream customers cite a pullback in consumer spending. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.

  • Wide-moat-rated Ferrari reported record second-quarter diluted earnings per share of EUR 1.36, EUR 0.18 better than a year ago and EUR 0.12 above the EUR 1.24 FactSet sell-side consensus.
  • The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
  • But that won’t last, and as optimism returns, auto sales will …
  • Ferrari participates in formula racing events and serves customers worldwide.

With a price/earnings ratio of 51.36, FERRARI NV P/E ratio is greater than that of about 89.89% of stocks in our set with positive earnings. Ferrari engineers and manufactures some of the world’s most expensive exotic sports cars. The Ferrari brand is synonymous with Formula One racing, exclusivity, Italian design, and state-of-the-art technology. Ferrari also has a captive finance company that provides funding for dealers and clients. Other market data may be delayed by 15 minutes or more. Ferrari is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season. Ferrari has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Ferrari Stock Price Target Raised To $215 From $189 At J P Morgan

Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, RACE stock pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

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This is a decrease of -11% compared to the previous 30 days. MarketBeat has tracked 6 news articles for Ferrari this week, compared to 6 articles on an average week. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The answer you’re looking for is just a quick search away.

Wide-moat-rated Ferrari reported record second-quarter diluted earnings per share of EUR 1.36, EUR 0.18 better than a year ago and EUR 0.12 above the EUR 1.24 FactSet sell-side consensus. Ferrari shares traded lower in Milan as Goldman Sachs cut its rating on the sportscar maker to sell from buy, and its price target was lowered to $207 from $227. The company’s announcement of a battery electric vehicle by… Intraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only.

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Ferrari announced an annual dividend on Thursday, April 14th. Stockholders of record on Wednesday, April 20th will be given a dividend of $1.362 per share on Friday, May 6th. Ferrari has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume. While for race skiing services is our specialty, these skills also apply to the recreational skier. Our goal is to provide exceptional service for a reasonable rate. Our boot service is unmatched and this work is provided by appointment all year long.

Jun 30, 2021 Patience is key with this growth stock, but long-term investors will reap the benefits.

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