News articles about Ferrari (NYSE:RACE) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ferrari earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news headlines about the company an impact score of 47.1313304628714 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
Several research firms have recently weighed in on RACE. HSBC began coverage on Ferrari in a research note on Monday, December 11th. They issued a “hold” rating for the company. Zacks Investment Research upgraded Ferrari from a “hold” rating to a “buy” rating and set a $134.00 price target for the company in a research note on Friday, February 2nd. Jefferies Group boosted their price target on Ferrari to $130.00 and gave the stock a “buy” rating in a research note on Friday, December 8th. TheStreet upgraded Ferrari from a “c” rating to a “b-” rating in a research note on Friday, October 20th. Finally, BidaskClub cut Ferrari from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $117.86.
Ferrari (NYSE RACE) traded up $2.31 during trading on Monday, reaching $122.55. The company had a trading volume of 590,939 shares, compared to its average volume of 689,222. The stock has a market capitalization of $22,719.83, a PE ratio of 38.42, a PEG ratio of 2.40 and a beta of 1.59. The company has a debt-to-equity ratio of 2.77, a quick ratio of 2.68 and a current ratio of 3.26. Ferrari has a 12 month low of $64.76 and a 12 month high of $130.63.
Ferrari (NYSE:RACE) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.03). The firm had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $869.74 million. Ferrari had a net margin of 15.74% and a return on equity of 98.82%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 EPS. equities research analysts anticipate that Ferrari will post 3.59 EPS for the current fiscal year.
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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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