2 weeks Ago By ABMN Staff
Ferrari ( NYSE:RACE – Get Free Report ) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $481.
67. A number of research firms have recently weighed in on RACE. Barclays upgraded Ferrari from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 2nd.
UBS Group upped their target price on shares of Ferrari from $448.00 to $478.00 and gave the company a “buy” rating in a research report on Monday, June 24th.
StockNews.com upgraded shares of Ferrari from a “hold” rating to a “buy” rating in a research report on Monday, August 5th. Finally, Morgan Stanley increased their price objective on shares of Ferrari from $400.
00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, August 27th. View Our Latest Analysis on Ferrari Ferrari Stock Performance Ferrari ( NYSE:RACE – Get Free Report ) last released its quarterly earnings results on Thursday, August 1st.
The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.21 by $0.
08. Ferrari had a net margin of 21.84% and a return on equity of 45.
13%. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.
63 billion. During the same period in the prior year, the firm earned $1.99 earnings per share.
Ferrari’s revenue was up 16.1% compared to the same quarter last year. Research analysts predict that Ferrari will post 8.
81 EPS for the current fiscal year. Institutional Inflows and Outflows Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC boosted its holdings in shares of Ferrari by 6,637.
0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,099 shares of the company’s stock valued at $1,049,000 after buying an additional 3,053 shares during the period. Stifel Financial Corp increased its holdings in Ferrari by 2.
3% during the 4th quarter. Stifel Financial Corp now owns 62,761 shares of the company’s stock worth $21,241,000 after purchasing an additional 1,439 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of Ferrari by 2.
9% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,399 shares of the company’s stock valued at $473,000 after purchasing an additional 40 shares during the period. Scotia Capital Inc.
lifted its holdings in shares of Ferrari by 6.3% in the fourth quarter. Scotia Capital Inc.
now owns 1,563 shares of the company’s stock valued at $529,000 after purchasing an additional 92 shares in the last quarter. Finally, FinTrust Capital Advisors LLC boosted its position in shares of Ferrari by 86.5% during the fourth quarter.
FinTrust Capital Advisors LLC now owns 138 shares of the company’s stock worth $47,000 after buying an additional 64 shares during the period. About Ferrari ( Get Free Report 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.
Further Reading 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 ..
