Ferrari (RACE) Given Consensus Rating of “Hold” by Analysts

Ferrari (NYSE:RACE) has received an average recommendation of “Hold” from the seven research firms that are currently covering the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $49.29.

RACE has been the subject of several analyst reports. Berenberg Bank initiated coverage on shares of Ferrari in a research note on Tuesday, November 22nd. They issued a “buy” rating for the company. Jefferies Group LLC initiated coverage on shares of Ferrari in a research note on Monday, March 13th. They issued a “buy” rating for the company.

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Ferrari (NYSE:RACE) opened at 68.00 on Thursday. The firm’s 50-day moving average is $65.38 and its 200 day moving average is $57.05. Ferrari has a 12 month low of $38.71 and a 12 month high of $69.50. The stock has a market capitalization of $12.85 billion, a P/E ratio of 30.56 and a beta of 1.79.

About Ferrari

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.

5 Day Chart for NYSE:RACE

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