Ferrari N.V. (NYSE:RACE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Ferrari N.V. (NYSE:RACE) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $526.25.

A number of equities analysts recently commented on the company. Citigroup restated a “sell” rating on shares of Ferrari in a report on Monday, August 11th. Royal Bank Of Canada restated an “outperform” rating on shares of Ferrari in a report on Monday, August 4th. Cfra Research downgraded Ferrari from a “hold” rating to a “moderate sell” rating in a report on Thursday, July 31st. UBS Group upped their target price on Ferrari from $520.00 to $560.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Finally, Wall Street Zen downgraded Ferrari from a “buy” rating to a “hold” rating in a report on Thursday, May 15th.

Ferrari Stock Down 0.6%

Shares of NYSE RACE opened at $468.5170 on Thursday. The business has a 50-day moving average of $476.95 and a 200-day moving average of $466.60. The firm has a market capitalization of $113.56 billion, a price-to-earnings ratio of 48.35, a PEG ratio of 5.09 and a beta of 1.09. Ferrari has a 12 month low of $391.54 and a 12 month high of $519.10. The company has a current ratio of 5.09, a quick ratio of 3.94 and a debt-to-equity ratio of 0.89.

Ferrari (NYSE:RACE) last released its earnings results on Thursday, July 31st. The company reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.13. Ferrari had a return on equity of 45.41% and a net margin of 22.95%.The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the previous year, the company posted $2.29 EPS. Ferrari’s quarterly revenue was up 4.4% compared to the same quarter last year. Ferrari has set its FY 2025 guidance at 9.751- EPS. Sell-side analysts expect that Ferrari will post 9.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ferrari

A number of institutional investors have recently modified their holdings of RACE. First Trust Advisors LP grew its stake in shares of Ferrari by 36.8% in the fourth quarter. First Trust Advisors LP now owns 15,485 shares of the company’s stock worth $6,584,000 after acquiring an additional 4,162 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ferrari by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 176,138 shares of the company’s stock worth $74,832,000 after acquiring an additional 6,662 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Ferrari by 30.7% in the fourth quarter. MetLife Investment Management LLC now owns 14,780 shares of the company’s stock worth $6,332,000 after acquiring an additional 3,474 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Ferrari by 13.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 9,319 shares of the company’s stock worth $3,955,000 after acquiring an additional 1,116 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its holdings in shares of Ferrari by 4.3% during the fourth quarter. OneDigital Investment Advisors LLC now owns 3,209 shares of the company’s stock valued at $1,363,000 after purchasing an additional 131 shares in the last quarter.

About Ferrari

Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods.