Ferrari (RACE) Got Some Good News
Kepler Capital analyst Alexandre Raverdy upgraded Ferrari (RACE) to Buy yesterday and set a price target of EUR175.00. The company’s shares closed last Monday at $161.51.
According to TipRanks.com, Raverdy is a 1-star analyst with an average return of -3.3% and a 20.0% success rate. Raverdy covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Bayerische Motoren Werke Aktiengesellschaft, and Daimler.
Currently, the analyst consensus on Ferrari is a Strong Buy with an average price target of $186.32.
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Ferrari’s market cap is currently $28.53B and has a P/E ratio of 38.72. The company has a Price to Book ratio of 18.00.
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Ferrari NV is a holding company. It manufactures 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. It participates in car racing such as Formula One.