Ferrari N.V. (RACE) Receiving Somewhat Positive Press Coverage, Accern Reports
Headlines about Ferrari N.V. (NYSE:RACE) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ferrari N.V. earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.7898108267213 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s scoring:
- See what the IHS Markit Score report has to say about Ferrari NV. (finance.yahoo.com)
- Market Scope: Tracking Shares of Ferrari NV (NYSE:RACE) – Jonesboro Recorder (jonesbororecorder.com)
- Calling all Bargain Hunters: Stock Update on Ferrari NV (NYSE:RACE) – FLBC News (flbcnews.com)
Several research analysts have recently commented on RACE shares. Jefferies Group LLC reiterated a “buy” rating and issued a $74.00 target price on shares of Ferrari N.V. in a research report on Tuesday, April 18th. UBS AG lifted their target price on Ferrari N.V. from $74.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Zacks Investment Research lowered Ferrari N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Kepler Capital Markets upgraded Ferrari N.V. to a “hold” rating in a research report on Friday, May 5th. Finally, Bank of America Corporation lifted their target price on Ferrari N.V. from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $91.67.
Ferrari N.V. (NYSE RACE) traded up 0.19% on Tuesday, reaching $110.26. The company had a trading volume of 257,896 shares. Ferrari N.V. has a one year low of $46.39 and a one year high of $111.77. The stock has a market cap of $20.83 billion, a price-to-earnings ratio of 36.61 and a beta of 1.82. The company has a 50-day moving average of $99.00 and a 200 day moving average of $81.32.
Ferrari N.V. (NYSE:RACE) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.13. Ferrari N.V. had a return on equity of 128.49% and a net margin of 14.43%. The company had revenue of $1.01 billion for the quarter. On average, equities research analysts predict that Ferrari N.V. will post $3.08 EPS for the current year.
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Ferrari N.V. 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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