Ferrari (NYSE:RACE – Get Rating) was upgraded by investment analysts at Kepler Capital Markets from a “reduce” rating to a “hold” rating in a report released on Wednesday, Stock Target Advisor reports.
Several other research firms have also commented on RACE. Citigroup cut their price objective on Ferrari from €160.00 ($172.04) to €140.00 ($150.54) in a research report on Tuesday, May 31st. JPMorgan Chase & Co. cut their price objective on Ferrari from $230.00 to $210.00 in a research report on Monday, April 25th. Zacks Investment Research raised Ferrari from a “sell” rating to a “hold” rating in a research report on Thursday, May 26th. Cheuvreux raised Ferrari from a “reduce” rating to a “hold” rating in a research report on Wednesday. Finally, Redburn Partners raised Ferrari from a “neutral” rating to a “buy” rating in a research report on Friday, March 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Ferrari currently has an average rating of “Buy” and a consensus target price of $241.09.
NYSE:RACE traded up $3.13 during mid-day trading on Wednesday, hitting $194.29. The company had a trading volume of 2,689 shares, compared to its average volume of 511,259. The business has a fifty day simple moving average of $205.72 and a 200-day simple moving average of $224.82. The company has a current ratio of 3.82, a quick ratio of 3.24 and a debt-to-equity ratio of 1.14. Ferrari has a 1 year low of $178.87 and a 1 year high of $278.78. The firm has a market capitalization of $35.90 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 3.50 and a beta of 0.94.
Ferrari Company Profile (Get Rating)
Ferrari N.V., through its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hyper cars; one-off and track cars; and Icona cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars.
- Get a free copy of the StockNews.com research report on Ferrari (RACE)
- Expedia Group: Recovering with the Travel Industry
- It’s Time To Grab The Lovesac Company By The Shorts
- Lightning Strikes For Thor Industries
- Asana posts a strong result, what you should consider before buying the stock?
- Heavy Buying Points to Upside for These 3 Stocks
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
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.