StockNews.com downgraded shares of Ferrari (NYSE:RACE – Get Rating) from a buy rating to a hold rating in a research report report published on Monday.

Other equities analysts have also recently issued research reports about the stock. Kepler Capital Markets raised shares of Ferrari to a hold rating and set a $185.00 target price on the stock in a report on Friday, July 8th. Jefferies Financial Group upgraded shares of Ferrari from an underperform rating to a hold rating and set a $180.00 price target on the stock in a research note on Monday, July 4th. UBS Group raised their price target on shares of Ferrari from $255.00 to $270.00 and gave the company a buy rating in a research note on Wednesday, August 3rd. Cheuvreux upgraded shares of Ferrari from a reduce rating to a hold rating in a research note on Wednesday, June 8th. Finally, Credit Suisse Group restated a buy rating and issued a $285.00 price target on shares of Ferrari in a research note on Friday, June 10th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $237.00.

Ferrari Stock Performance

Shares of NYSE RACE opened at $186.70 on Monday. The company has a quick ratio of 3.42, a current ratio of 4.14 and a debt-to-equity ratio of 1.22. The firm's 50-day moving average price is $200.76 and its two-hundred day moving average price is $200.02. Ferrari has a 52-week low of $167.45 and a 52-week high of $278.78. The stock has a market capitalization of $34.49 billion, a P/E ratio of 33.70, a P/E/G ratio of 3.32 and a beta of 0.95.

Institutional Trading of Ferrari

A number of large investors have recently added to or reduced their stakes in the business. Highland Capital Management LLC boosted its holdings in Ferrari by 1.0% during the first quarter. Highland Capital Management LLC now owns 5,250 shares of the company's stock worth $1,145,000 after buying an additional 50 shares in the last quarter. Atlas Capital Advisors LLC boosted its stake in Ferrari by 7.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 774 shares of the company's stock worth $169,000 after purchasing an additional 53 shares during the period. Atria Investments LLC boosted its stake in Ferrari by 0.7% in the 1st quarter. Atria Investments LLC now owns 8,582 shares of the company's stock worth $1,872,000 after purchasing an additional 62 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in Ferrari by 3.8% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,676 shares of the company's stock worth $309,000 after purchasing an additional 62 shares during the period. Finally, Blair William & Co. IL boosted its stake in Ferrari by 2.1% in the 1st quarter. Blair William & Co. IL now owns 3,112 shares of the company's stock worth $679,000 after purchasing an additional 65 shares during the period. 32.31% of the stock is currently owned by institutional investors.

Ferrari Company Profile

(Get Rating)

Ferrari N.V., through its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hyper cars; one-off and track cars; and Icona cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars.

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