Shares of Ferrari NV (NYSE:RACE) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $155.54 and last traded at $154.63, with a volume of 318200 shares trading hands. The stock had previously closed at $154.72.

Several analysts have recently issued reports on RACE shares. Credit Suisse Group boosted their price target on shares of Ferrari from $148.00 to $158.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. HSBC lowered shares of Ferrari from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Morgan Stanley raised shares of Ferrari from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $140.00 to $160.00 in a research report on Thursday, May 9th. ValuEngine lowered shares of Ferrari from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, Redburn Partners started coverage on shares of Ferrari in a research report on Wednesday, June 5th. They issued a “neutral” rating and a $143.04 price target on the stock. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $141.56.

The company has a debt-to-equity ratio of 1.39, a quick ratio of 3.67 and a current ratio of 4.27. The firm has a market capitalization of $29.22 billion, a price-to-earnings ratio of 38.02, a P/E/G ratio of 2.35 and a beta of 1.32.

Ferrari (NYSE:RACE) last posted its earnings results on Tuesday, May 7th. The company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.06. The business had revenue of $940.00 million for the quarter, compared to analyst estimates of $868.32 million. Ferrari had a net margin of 23.17% and a return on equity of 53.74%. Ferrari’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 EPS. Equities analysts predict that Ferrari NV will post 4.01 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of RACE. Ellis Investment Partners LLC bought a new stake in Ferrari during the 1st quarter worth approximately $27,000. Bronfman E.L. Rothschild L.P. increased its holdings in Ferrari by 36.3% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 398 shares of the company’s stock worth $40,000 after acquiring an additional 106 shares during the period. Capital Advisors Ltd. LLC bought a new stake in Ferrari during the 1st quarter worth approximately $48,000. Quad Cities Investment Group LLC bought a new stake in Ferrari during the 4th quarter worth approximately $50,000. Finally, Kore Private Wealth LLC bought a new stake in Ferrari during the 1st quarter worth approximately $67,000. 35.99% of the stock is currently owned by institutional investors and hedge funds.

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Ferrari Company Profile (NYSE:RACE)

Ferrari N.V., through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hypercars; Fuori series, one-off, and track cars; and Icona cars. It also provides non-registered racing cars; and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars.

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