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.
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- 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.
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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.
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Research Report For Race
That said, I see the current valuation for RACE as simply too high. I anchor my valuation on a residual earnings framework and https://dotbig.com/ EPS analyst consensus estimates. Thus, I see more than 35% downside for the stock before the risk/reward becomes balanced.
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During the latest capital market day, the management team announced that it is going to introduce 15 new vehicles from 2023 to 2026. One of the notable launches includes the Purosangue, Ferrari’s first SUV, which is set to be unveiled later this month. It is likely to generate some buzz just like Lamborghini’s Urus. In fact, Ferrari’s cheapest new vehicle would still cost you over $200,000. View our full suite of financial calendars and market data tables, all for free.
This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 . This is a lower news sentiment than the 0.46 average news sentiment score of Auto/Tires/Trucks companies. According to analysts’ consensus price target of $237.00, Ferrari has a forecasted upside of 20.4% from its current price of $196.90. In a technical and travel-intensive world championship, teams are exposed to global supply chains as they source parts and move staff across continents to stage grands prix. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions.
However, analysts commonly use some key metrics to help gauge the value of a stock. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired RACE stock price price. Share is not a registered broker-dealer and carefully follows rules established by the SEC for us. We recommend that those looking for an investment contact a registered broker or financial advisor.
Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Ferrari stock has outperformed the market in the past 5 years. But this outperformance may be connected to a booming economy, as Ferrari’s business is sensitive to wealth generation. Respectively, In a recessionary environment RACE stock could potentially fall much more than the broad market. Even for a luxury company, this valuation premium is not justified, in my opinion.
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