Ferrari N.V. (NASDAQ:RACE) target raised to $45.00, released a research note earlier today by Societe Generale
- Updated: October 13, 2016
Yesterday Ferrari N.V. (NASDAQ:RACE) traded -1.16% lower at $52.45. RACE’s 50-day average is $49.93 and its two hundred day average is $44.94. With the last stock price close up 17.70% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was up over the average, with 578,699 shares of RACE changing hands over the typical 453,700
Reporting a potential downside of -0.14%, Societe Generale raised the target price of Ferrari N.V. (NASDAQ:RACE) to $45.00
On 8/20/2016, Zacks Investment Research released a statement on Ferrari N.V. (NASDAQ:RACE) bumped up the target price from $0.00 to $54.00 that suggested an upside of 0.12%.
See Chart Below
Ferrari N.V. has a P/E ratio of 27.75 with a 52 week low of $31.66 and a 52 week high of $60.97 Ferrari N.V.’s market capitalization is currently $0.
Also covering Ferrari N.V.'s price target, a total of 7 analysts have released a research note on the company. The average stock price target is $49.49 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero analysts rating the stock a sell.
General Information About Ferrari N.V. (NASDAQ:RACE)
Ferrari N.V., together with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers seven models, including four sports cars comprising 488 GTB, 488 Spider, F12berlinetta, and special series F12 Tour de France; and three GT cars that include California T, FF, and GTC4Lusso. It also produces LaFerrari, a limited edition supercar; Fuoriserie, a very limited editions series; and one-off cars; non-registered racing cars; and parts, as well as offers repair, maintenance, and restoration services for cars. In addition, the company licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods; and Ferrari World, a theme park in Abu Dhabi. As of December 31, 2015, it had a network of 25 franchised stores and 12 owned Ferrari stores, as well as store.ferrari.com Website. The company sells its products through a network of 176 independent dealers operating 198 points of sale across 60 markets worldwide. Further, it provides direct or indirect finance, and leasing services for the purchase of cars to retail clients and dealers; participates in the Formula 1 racing activities through Scuderia Ferrari; and manages race tracks, as well as holds real estate properties. The company has collaboration agreement with Altair to design and engineer the next generation vehicle platform. Ferrari N.V. was founded in 1947 and is headquartered in Maranello, Italy.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.