Ferrari (RACE) Stock Price, News & Analysis

Company Overview

Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods. In addition, the company operates Ferrari museums in Modena and Maranello; Il Cavallino restaurant in Maranello; and theme parks in Abu Dhabi and Spain. Further, it provides direct or indirect finance and leasing services to retail clients and dealers; manages racetracks; develops and sells a range of apparel and accessories; and operates franchised and owned Ferrari stores. The company also sells its products through a network of authorized dealers operating points of sale, as well as through its website. The company was founded in 1947 and is headquartered in Maranello, Italy.

Key Stats

• Today's Range: $421.01 to $430.28
• 50-Day Range: $422.83 to $490.37
• 52-Week Range: $330.15 to $498.23
• Volume: 262,677 shs
• Average Volume: 281,708 shs
• Market Capitalization: $78.88 billion
• P/E Ratio: 49.59
• Dividend Yield: 0.12%
• Price Target: $507.14
• Consensus Rating: Moderate Buy

Ferrari Stock Analysis - MarketRank™

Ferrari scored higher than 61% of companies evaluated by MarketBeat, and ranked 47th out of 90 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Ferrari has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 7 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Ferrari has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 11.07%

Earnings Growth

Earnings for Ferrari are expected to grow by 11.07% in the coming year, from $8.58 to $9.53 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ferrari is 49.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.36.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ferrari is 49.59, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 11.32.

Price to Earnings Growth Ratio

Ferrari has a PEG Ratio of 4.26. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Ferrari has a P/B Ratio of 28.77. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.01% of the float of Ferrari has been sold short.

Short Interest Ratio / Days to Cover

Ferrari has a short interest ratio ("days to cover") of 4.

Change versus previous month

Short interest in Ferrari has recently decreased by 15.86%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Ferrari has a dividend yield of 0.58%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Ferrari does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Ferrari is 5.98%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Ferrari will have a dividend payout ratio of 5.40% next year. This indicates that Ferrari will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.01% of the float of Ferrari has been sold short.

Short Interest Ratio / Days to Cover

Ferrari has a short interest ratio ("days to cover") of 4.

Change versus previous month

Short interest in Ferrari has recently decreased by 15.86%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.26

News Sentiment

Ferrari has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.50 average news sentiment score of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 33 news articles for Ferrari this week, compared to 29 articles on an average week.

Search Interest

Only 28 people have searched for RACE on MarketBeat in the last 30 days. This is a decrease of -7% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added Ferrari to their MarketBeat watchlist in the last 30 days. This is a decrease of -44% compared to the previous 30 days.

Company Ownership

• Score: N/A
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Ferrari insiders have not sold or bought any company stock.

RACE Stock Analysis - Frequently Asked Questions

How have RACE shares performed this year?

Ferrari's stock was trading at $338.43 on January 1st, 2024. Since then, RACE stock has increased by 26.2% and is now trading at $426.93.
View the best growth stocks for 2024 here.

How were Ferrari's earnings last quarter?

Ferrari (NYSE:RACE) posted its earnings results on Tuesday, November, 5th. The company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.11 by $0.03. The firm's revenue for the quarter was up 6.5% on a year-over-year basis.

Does Ferrari have any subsidiaries?

Ferrari subsidiaries include these companies: Ferrari Australasia Pty Limited, Ferrari Central Europe GmbH (1), Ferrari Far East Pte Limited, Ferrari Financial Services Inc., Ferrari (HK) Limited, Ferrari International Cars Trading (Shanghai) Co. L.t.d., Ferrari Japan KK, and more.

Who are Ferrari's major shareholders?

Ferrari's top institutional shareholders include Baillie Gifford & Co., Jennison Associates LLC, International Assets Investment Management LLC and FMR LLC.

How do I buy shares of Ferrari?

Shares of RACE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Ferrari own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ferrari investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Adobe (ADBE), General Electric (GE), Arista Networks (ANET) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 11/05/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Auto/Tires/Trucks
• Industry: Motor vehicles & car bodies
• Sub-Industry: Automobiles And Trucks
• Current Symbol: NYSE:RACE
• CUSIP: N/A
• CIK: 1648416
• Web: www.ferrari.com
• Phone: 390536949111
• Fax: N/A
• Employees: 4,988
• Year Founded: 1947

Price Target and Rating

• Average Stock Price Target: $507.14
• High Stock Price Target: $565.00
• Low Stock Price Target: $403.00
• Potential Upside/Downside: +18.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $8.61
• Trailing P/E Ratio: 49.59
• Forward P/E Ratio: 49.76
• P/E Growth: 4.26
• Net Income: $1.36 billion
• Net Margins: 22.16%
• Pretax Margin: 27.61%
• Return on Equity: 44.67%
• Return on Assets: 16.54%

Debt

• Debt-to-Equity Ratio: 0.93
• Current Ratio: 4.57
• Quick Ratio: 3.55

Sales & Book Value

• Annual Sales: $6.46 billion
• Price / Sales: 12.20
• Cash Flow: $7.96 per share
• Price / Cash Flow: 53.62
• Book Value: $14.84 per share
• Price / Book: 28.77

Miscellaneous

• Outstanding Shares: 184,750,000
• Free Float: N/A
• Market Cap: $78.88 billion
• Optionable: Optionable
• Beta: 0.95