Ferrari (NYSE:RACE) had its price target increased by Jefferies Group to $130.00 in a report released on Friday, The Fly reports. They currently have a buy rating on the stock. Jefferies Group also issued estimates for Ferrari’s FY2017 earnings at $3.09 EPS and FY2018 earnings at $3.34 EPS.
Several other equities analysts have also recently commented on the stock. BidaskClub cut shares of Ferrari from a strong-buy rating to a buy rating in a research note on Thursday, November 9th. Zacks Investment Research cut shares of Ferrari from a hold rating to a sell rating in a research note on Wednesday, November 8th. TheStreet raised shares of Ferrari from a c rating to a b- rating in a research note on Friday, October 20th. Goldman Sachs Group started coverage on shares of Ferrari in a research note on Wednesday, September 13th. They issued a neutral rating and a $131.00 price target for the company. Finally, Morgan Stanley cut shares of Ferrari from an overweight rating to an underweight rating and set a $100.00 price target for the company. in a research note on Thursday, September 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $114.71.
Ferrari (NYSE:RACE) opened at $106.44 on Friday. The company has a market cap of $19,998.89, a P/E ratio of 34.25, a P/E/G ratio of 2.52 and a beta of 1.47. Ferrari has a 12 month low of $56.49 and a 12 month high of $121.14. The company has a debt-to-equity ratio of 2.77, a quick ratio of 2.68 and a current ratio of 3.26.
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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.
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