Ferrari (RACE) Given Consensus Rating of “Hold” by Analysts
Shares of Ferrari (NYSE:RACE) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $49.29.
Several brokerages recently weighed in on RACE. Jefferies Group LLC began coverage on shares of Ferrari in a research report on Monday, March 13th. They set a “buy” rating on the stock. Berenberg Bank began coverage on shares of Ferrari in a research report on Tuesday, November 22nd. They set a “buy” rating on the stock.
Shares of Ferrari (NYSE:RACE) opened at 68.00 on Thursday. The company has a 50-day moving average of $65.38 and a 200 day moving average of $57.05. The firm has a market capitalization of $12.85 billion, a PE ratio of 30.56 and a beta of 1.79. Ferrari has a 12-month low of $38.71 and a 12-month high of $69.50.
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Ferrari Company Profile
Ferrari NV, known as New Business Netherlands NV, is an Italy-based company, incorporated in the Netherlands, that is engaged in designing, manufacturing and selling sports cars under the Ferrari brand. Its products include nine sports car models, including seven sports cars: 458 Italia, 488 GTB, 458 Spider, 488 Spider, F12 Berlinetta, 458 Speciale and 458 Speciale A; as well as two grand tourer (GT) cars: California T and FF.
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