Bank of America Securities analyst John Murphy maintained a Buy rating on Ferrari (RACE – Research Report) today. The company’s shares opened today at $436.07.
Murphy covers the Consumer Cyclical sector, focusing on stocks such as Ferrari, Gentex, and Aptiv. According to TipRanks, Murphy has an average return of 7.6% and a 55.08% success rate on recommended stocks.
Ferrari has an analyst consensus of Moderate Buy, with a price target consensus of $415.66, a -4.68% downside from current levels. In a report released on March 28, RBC Capital also maintained a Buy rating on the stock with a €463.00 price target.
RACE market cap is currently $106.2B and has a P/E ratio of 58.36.
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Ferrari (RACE) Company Description:
Italy-based Ferrari NV designs, manufactures and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hypercars; Fuori series, one-off, and track cars; and Icona cars. It also provides non-registered racing cars; and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars. It participates in car racing such as Formula One.
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