There are currently 6 hold ratings and 10 buy ratings for the stock.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. 16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last year. There are currently 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" https://www.britannica.com/topic/Bank-of-the-United-States.
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- Yes, there are some risks coming from the fact that RACE expects to produce more cars.
- As an investor, you want to buy stocks with the highest probability of success.
- The consensus among Wall Street equities research analysts is that investors should "buy" Ferrari stock.
- Plus, RACE info will be updated daily in your Zacks.com Portfolio Tracker – also free.
Wide-moat-rated Ferrari reported record second-quarter diluted earnings per share of EUR 1.36, EUR 0.18 better than a year ago and EUR 0.12 above the EUR 1.24 FactSet sell-side consensus. Record second-quarter revenue of EUR 1,291 million was 25% higher than the EUR 1,034 million reported last year as revenue from cars and https://dotbig.com/ spare parts and from sponsorships increased 25% and 29%, respectively. But unfortunately, investing is not about buying great companies, but buying companies well. That said, I see the current valuation for RACE as simply too high. I anchor my valuation on a residual earnings framework and EPS analyst consensus estimates.
Delayed Data From Nyse
EverSource Wealth Advisors LLC bought a new stake in Ferrari during the 4th quarter worth $25,000. Masso Torrence Wealth Management Inc. bought a new stake in Ferrari during the 4th quarter worth $26,000. MUFG Americas Holdings Corp bought a new stake in Ferrari during the Ferrari stock 4th quarter worth $40,000. Glassman Wealth Services bought a new stake in Ferrari during the 1st quarter worth $34,000. Finally, MCF Advisors LLC bought a new stake in Ferrari during the 4th quarter worth $46,000. Institutional investors own 38.36% of the company’s stock.
In this case scenario, I would be expecting revenue growth to be less significant than expected. Shareholder – As of February 14, 2022% of outstanding common sharesExor N.V. We sell different types of products and services to both investment professionals and individual investors.
Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Ferrari shares traded lower in Milan as Goldman Sachs cut its rating on the sportscar maker to sell from buy, and its price target was lowered to $207 from $227. The company’s DotBig announcement of a battery electric vehicle by… The share capital of Ferrari amounted to €2,573 thousand, consisting of 193,923,499 common shares and 63,349,112 special voting shares, all with nominal value of €0.01 per share, as at December 31, 2021. At the same date, Ferrari held 10,080,103 common shares and 4,190 special voting shares in treasury.
Lamborghini And Ferrari Are Dealing With Changing Times By Building Scary
Based on earnings estimates, Ferrari will have a dividend payout ratio of 25.74% next year. This indicates that Ferrari will be able to sustain or increase its dividend. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. I am also quite optimistic about the new hybrid engines included in the new SF90 Stradale and SF90 Spider. The new electric engine technology that RACE is preparing could dramatically change the driving experience. With a lower EV/FCF and exit multiple of 78.5x, the implied fair price would equal $175. Ferrari announced that it expects to increase its target market by offering a larger product range.
It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis DotBig may not factor in the latest price-sensitive company announcements or qualitative material. According to analysts’ consensus price target of $237.00, Ferrari has a forecasted upside of 11.8% from its current price of $211.94.
These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Ferrari NV is a holding company, which engages in the design, engineering, production, and sale of luxury sports cars.
Ferrari 1q Results Show Resiliency In The Face Of Covid
Ferrari Nv Stock Quote
Ferrari has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Exclusive newsletter delivered to your inbox daily covering important investing topics pulled from TheStreet’s premium content.
Jun 30, 2021 Patience is key with this growth stock, but long-term investors will reap the benefits. Ferrari Appoints STMicroelectronics Exec as New CEO Rich Duprey
What Is Ferrari N V’s Nyse:race Share Price Doing?
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more. Ferrari declared an annual dividend on Thursday, April 14th. Investors of record on Wednesday, April http://dotbig.com/markets/stocks/RACE/ 20th will be given a dividend of $1.362 per share on Friday, May 6th. The ex-dividend date of this dividend is Tuesday, April 19th. Ferrari is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.