Jefferies Financial Group raised Ferrari from an "underperform" rating to a "hold" rating and set a $180.00 target price on the stock in a research report on Monday, July http://dotbig.com/markets/stocks/RACE/ 4th. Morgan Stanley cut their target price on Ferrari from $350.00 to $300.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 24th.
The luxury automaker’s stock will probably trade at rich levels akin to the rich heritage of the company. These are the most overpriced stocks in our coverage universe today. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article.
Key Statistics Race
Most of Ferrari’s revenue comes from foreign countries, with the US only accounting for approximately 30% of total shipments. https://torforex.com/economic-calendar-forex/ With the dollar continuing to spike up, the company may see a negative currency impact on future earnings.
- We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view.
- That could suggest that Ferrari is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
- Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only.
- Ferrari has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Ferrari investors couldn’t have been surprised by news it unveiled its long-awaited first SUV, but the shares nevertheless notched a solid gain. The most expensive U.S. stocks https://dotbig.com/ we cover aren’t necessarily bad investments, but they feel a little rich today. Our analysts offer their annual global auto overview, forecast, and actionable ideas.
Latest Podcastdo These Dividend Achievers Deserve A Place In Your Portfolio?
We estimate that Ferrari’s market value is worth 460 billion, making it the world’s 460th most valuable company. EBITDA for the quarter was €446 million compared to €386 million, DotBig up 15% YoY. EBITDA margin dipped slightly from 37.4% to 34.6%, in line with expectations. The drop is largely attributed to the increase in communication and marketing expenses.
The company has a long history of producing high-performance vehicles that command a premium price tag. But what many people may not know is that Ferrari DotBig also has a significant presence in the financial markets. Ferrari is one of a handful of companies that have what are known as marketable securities.