Analysts Set Ferrari N.V. (NYSE:RACE) Target Price at $526.25

Ferrari N.V. (NYSE:RACE) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $528.3333.

RACE has been the subject of several recent research reports. UBS Group boosted their price target on Ferrari from $520.00 to $560.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Wall Street Zen lowered Ferrari from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th. Citigroup reaffirmed a “sell” rating on shares of Ferrari in a research report on Monday, August 11th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ferrari in a research report on Monday, August 4th. Finally, Cfra Research lowered Ferrari from a “hold” rating to a “moderate sell” rating in a research report on Thursday, July 31st.

Ferrari Trading Up 0.5%

RACE opened at $470.30 on Thursday. The firm has a market cap of $113.99 billion, a price-to-earnings ratio of 48.53, a PEG ratio of 5.06 and a beta of 1.09. 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 has a 12 month low of $391.54 and a 12 month high of $519.10. The stock has a fifty day moving average price of $477.42 and a 200-day moving average price of $467.17.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC grew its stake in Ferrari by 6.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,876 shares of the company’s stock valued at $4,356,000 after purchasing an additional 503 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Ferrari by 3,386.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 88,138 shares of the company’s stock valued at $43,055,000 after purchasing an additional 85,610 shares during the last quarter. BLVD Private Wealth LLC purchased a new stake in Ferrari during the 2nd quarter valued at about $245,000. Newbridge Financial Services Group Inc. purchased a new stake in Ferrari during the 2nd quarter valued at about $30,000. Finally, State of Wyoming purchased a new stake in Ferrari during the 2nd quarter valued at about $69,000.

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.