Zacks Investment Research disclosed Ferrari N.V. (NASDAQ:RACE), hiking its stock price target to $54.00 earlier today
- Updated: September 17, 2016
In a report released on Saturday August 20 2016 Zacks Investment Research upped the target price of Ferrari N.V. (NASDAQ:RACE) from $0 to $54 indicating a possible upside of 0.12%.
Just yesterday Ferrari N.V. (NASDAQ:RACE) traded 2.51% lower at $48.42. The company’s 50-day average is $47.70 and its two hundred day moving average is $43.51. With the last stock close up 7.22% from the 200-day average, compared to the S&P 500 Index which has fallen -0.01% over the same time. Trading volume was was down over the average, with 485,122 shares of RACE changing hands under the typical 500,095 shares..
Ferrari N.V. has a one-year low of $31.66 and a one-year high of $60.97 with a P/E ratio of 24. The company’s market cap is presently $0.0.
In addition to Zacks Investment Research reporting it’s price target, a total of 7 firms have reported on the stock. The 12-month target price is $49.49 with 0 rating the company a strong buy, 0 rating the company a buy, 0 firms rating the stock a hold, 0 rating the company to underperform, and lastly 0 firmsrating the company as sell.
More 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, and Italy.
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