Ferrari N V Race Stock Price, News, Quote & History

Ferrari stock

Zacks Ranks stocks can, and often do, change throughout the month. Ferrari NV is a holding company, which engages in the design, engineering, production, and sale of luxury sports cars. The firm’s models include the F12Berlinetta, 488GTB, 488 Spider, 458 Speciale, California T, the LaFerrari Hybrid, LaFerrari, and the FF four-wheel drive. The company was founded by Enzo Anselmo Ferrari in 1939 and is headquartered in Maranello, Italy.

  • These Italian sports cars are not only beautiful, but they are also extremely productive.
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  • Ferrari’s marketable securities are also held by a wide range of investors, including institutional investors such as pension funds and insurance companies.
  • Investing, on the other hand, is all about doing well, not buying great companies.

Ferrari can also use the funds to pay dividends to shareholders or to repurchase its own shares. Ferrari’s shares are listed on the New York Stock Exchange and the company’s bonds are traded on the international bond market. Ferrari’s marketable securities are also held by a wide range of investors, including institutional investors such as pension funds and DotBig insurance companies. The existence of marketable securities gives Ferrari another source of funding beyond the traditional sources of automotive loans and equity financing. This provides the company with greater flexibility when it comes to raising capital. Ferrari’s marketable securities are an important part of the company’s overall financial strategy.

Stock Quote

That’s relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they’re over-valued. Valuing DotBig is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Ferrari’s overall performance.

If investors might want to consider a different scenario, I have also enclosed a sensitivity analysis based on varying WACC and TV growth combination. For reference, red cells imply an overvaluation, while green cells imply an undervaluation as compared to Ferrari’s current valuation. Ferrari’s initial public offering on October 20, 2015, has altered the situation. Individual investors were able to buy shares of a company for the first time ever, and many were eager to do so. Ferrari shares began trading on the New York Stock Exchange under the ticker symbol “RACE.” The hype was deafening. Institutional investors and hedge funds have recently bought and sold shares of the business. Glassman Wealth Services bought a new position in Ferrari during the 1st quarter worth approximately $34,000.

Ferrari stock

Here’s how to buy shares in the major tech companies, known as FAANG stocks. Ferrari’s environmental score of 11.14 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Ferrari is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

Ferrari Price Performance Over Time

These returns cover a period from January 1, 1988 through August 1, 2022. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.

The Purosangue is the Italian sports-car maker’s first family car. But since it’s Ferrari, it’s a lot of car and a lot of luxury. We’ve rounded up stats on some of the most popular wheat stocks, along with information on how these stocks compare and how to invest.

Why To Invest In Ferrari Stock?

Small-quantity investors can purchase fractional shares for as little as $1. Based on the above assumptions, my valuation estimates a fair share price of $125.80/share, implying a more than 35% downside potential based on accounting fundamentals. Ferrari sales by country for 2021 Ferrari has not released a country-by-country breakdown of 2021 sales.

Key Data

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… It ended the quarter with €2.8 billion in debt and €1.2 billion in debt, representing a net debt / adjusted EBITDA ratio of 1, in line with the historical average. The company also repurchased €150 million worth of shares during the quarter. Intraday Data provided by FACTSET and subject to terms of use. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only.

Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. Securities are offered to self-directed customers by Open to the Public Investing, Inc. (“Open to the Public Investing”), a registered broker-dealer and member of FINRA & SIPC. Additional information about your broker can be found by clicking here. Open to Public Investing is a wholly-owned subsidiary of Public Holdings Inc. (“Public Holdings”). This is not an offer, solicitation of an offer or advice to buy or sell securities, or open a brokerage account in any jurisdiction where Open to the Public Investing is not registered. Securities products offered by Open to the Public Investing are not FDIC insured.

However, the current valuation seems to be very stretched and offers little upside. There are also underlying risks in regard to supply chain stability and currency headwinds. Other equities analysts have also recently issued research reports about the company. Credit Suisse Group reiterated a "buy" rating and issued a $285.00 price objective on shares of Ferrari in a research note on Friday, June 10th. Citigroup cut their target price on Ferrari from €160.00 ($163.27) to €140.00 ($142.86) in a research report on Tuesday, May 31st.

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