RACE has been the topic of several other research reports. Zacks Investment Research raised shares of Ferrari from a sell rating to a hold rating and set a $146.00 target price on the stock in a research note on Saturday, February 2nd. Sanford C. Bernstein raised shares of Ferrari from an underperform rating to a market perform rating and set a $112.29 price objective on the stock in a research note on Tuesday, January 15th. Finally, Credit Suisse Group reduced their price objective on shares of Ferrari from $160.00 to $140.00 and set an outperform rating on the stock in a research note on Monday, January 28th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $133.66.
Shares of RACE stock traded down $2.48 during mid-day trading on Monday, reaching $136.48. The company’s stock had a trading volume of 447,078 shares, compared to its average volume of 385,402. Ferrari has a 1-year low of $93.85 and a 1-year high of $149.85. The stock has a market cap of $26.26 billion, a price-to-earnings ratio of 33.95, a P/E/G ratio of 1.87 and a beta of 1.57. The company has a debt-to-equity ratio of 1.42, a quick ratio of 3.15 and a current ratio of 3.75.
The business also recently announced an annual dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Wednesday, April 24th will be issued a dividend of $1.1677 per share. This is an increase from Ferrari’s previous annual dividend of $0.88. This represents a yield of 0.91%. The ex-dividend date is Tuesday, April 23rd.
Hedge funds have recently made changes to their positions in the business. Ellis Investment Partners LLC acquired a new stake in shares of Ferrari in the first quarter valued at approximately $27,000. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Ferrari by 36.3% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 398 shares of the company’s stock valued at $40,000 after purchasing an additional 106 shares during the last quarter. Quad Cities Investment Group LLC acquired a new stake in shares of Ferrari in the fourth quarter valued at approximately $50,000. Neuburgh Advisers LLC raised its holdings in shares of Ferrari by 1,300.0% in the fourth quarter. Neuburgh Advisers LLC now owns 924 shares of the company’s stock valued at $92,000 after purchasing an additional 858 shares during the last quarter. Finally, Lindbrook Capital LLC acquired a new stake in shares of Ferrari in the fourth quarter valued at approximately $94,000. Hedge funds and other institutional investors own 34.96% of the company’s stock.
Ferrari N.V., through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hypercars; Fuori series, one-off, and track cars; and Icona cars. It also provides non-registered racing cars; and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars.
Further Reading: Is the QQQ ETF safe?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Ferrari Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferrari and related companies with MarketBeat.com's FREE daily email newsletter.