Ferrari N.V. (NYSE:RACE) Receives $475.61 Average Price Target from Analysts

Ferrari N.V. (NYSE:RACE) has been given a consensus recommendation of “Moderate Buy” by the seventeen research firms that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $475.6064.

Several analysts have issued reports on the company. BNP Paribas Exane upgraded Ferrari to a “strong-buy” rating in a report on Thursday, December 11th. Loop Capital set a $481.67 price target on Ferrari in a report on Thursday, December 4th. JPMorgan Chase & Co. boosted their price target on shares of Ferrari from $407.00 to $447.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Sanford C. Bernstein restated an “outperform” rating and set a $410.00 price objective on shares of Ferrari in a research report on Wednesday, February 11th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Ferrari in a report on Wednesday, February 11th.

Ferrari News Roundup

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari will debut a rotating “Macarena” rear wing in China, showing aggressive aero innovation that could improve race pace if effective. Article Title
• Positive Sentiment: Multiple outlets report Ferrari experimenting with new winglets (including a halo winglet) in China — continued on-track development may provide performance upside later in the season. Article Title
• Positive Sentiment: F1 coverage includes lifestyle/brand pieces (a day in the life of a Ferrari racing driver, Leclerc features) that support Ferrari’s premium brand and fan engagement. Article Title
• Neutral Sentiment: Ferrari is sharing technical info with customer team Haas; this collaboration manages relationships but raises questions about competitive leverage. Article Title
• Neutral Sentiment: Debate continues in media and among drivers about the Ferrari vs Mercedes dynamic — mixed commentary from Hamilton and Russell frames uncertain competitive outlook. Article Title
• Negative Sentiment: High-profile criticism: Lewis Hamilton and others say Ferrari is losing significant time to Mercedes due to engine/power-unit disadvantage — a direct hit to race-winning prospects. Article Title
• Negative Sentiment: Calls from rivals and media for Ferrari to close the PU deficit increase pressure on technical and management teams; investors may worry about costly development needs or short-term underperformance. Article Title
• Negative Sentiment: Race execution questioned after Australian GP strategy reviews and comments that Ferrari’s calls “robbed” them of a better result — operational miscues can depress short-term results and sentiment. Article Title
• Negative Sentiment: Drivers and pundits accuse Ferrari of obstructing rule-change talks and failing to learn from rivals’ mistakes — governance/PR friction could weigh on brand and on-track cooperation. Article Title

Ferrari Price Performance

NYSE:RACE opened at $332.56 on Monday. Ferrari has a one year low of $328.00 and a one year high of $519.10. The company has a debt-to-equity ratio of 0.74, a quick ratio of 4.38 and a current ratio of 5.70. The stock has a market cap of $77.80 billion, a PE ratio of 32.89, a P/E/G ratio of 3.24 and a beta of 0.97. The stock has a 50 day moving average price of $355.52 and a 200 day moving average price of $397.36.

Ferrari Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Tuesday, April 21st will be given a dividend of $3.615 per share. This represents a dividend yield of 99.0%. The ex-dividend date of this dividend is Tuesday, April 21st. This is a boost from Ferrari’s previous annual dividend of $3.13.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RACE. Generali Asset Management SPA SGR lifted its position in Ferrari by 28.9% in the third quarter. Generali Asset Management SPA SGR now owns 55,690 shares of the company’s stock valued at $27,022,000 after buying an additional 12,485 shares during the last quarter. Rheos Capital Works Inc. boosted its stake in Ferrari by 33.1% during the third quarter. Rheos Capital Works Inc. now owns 215,200 shares of the company’s stock worth $104,419,000 after buying an additional 53,500 shares during the period. Bank of New York Mellon Corp increased its position in shares of Ferrari by 63.7% during the third quarter. Bank of New York Mellon Corp now owns 2,670,762 shares of the company’s stock valued at $1,295,907,000 after acquiring an additional 1,039,234 shares during the last quarter. Alta Capital Management LLC purchased a new stake in shares of Ferrari in the 3rd quarter valued at approximately $6,391,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Ferrari in the 3rd quarter valued at approximately $8,995,000.

Ferrari Company Profile

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.