Ferrari Nv is a auto company located in Italy, which is part of the Consumer Cyclical sector, and is traded under the ticker RACE on the NYSE exchange.
Ferrari Nv stock last closed at $262.48, up 1.27% from the previous day, and has increased 26.47% in one year. It has overperformed other stocks in the Auto Manufacturers industry by 0.52 percentage points. Ferrari Nv stock is currently +56.75% from its 52-week low of $167.45, and -4.23% from its 52-week high of $274.08.
As of Mar 20, 2023, there are 245.3M RACE shares outstanding. The market value of RACE is $64.39B. In the past 24 hours, 262,439 RACE shares were traded.
You need a brokerage account in order to access the NYSE market and buy RACE stock.
Based on our research, eToro is the best brokerage. eToro gives you:
Get $10 towards your stock purchase by opening an account with eToro today.
Open eToro AccountNow that you've picked your brokerage, it's time to fill out some personal info so you are able to buy RACE today.
Now that you have finished signing up on the best stock app, your next step is to transfer the money for your investment:
Check out the tutorial below for more details depositing funds into your investment account.
Once you have chosen the best place to buy Ferrari Nv stock, it's important to research their stock before you invest, so you truly wrap your head around the risk and upside.
WallStreetZen was built to help average investors do more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on RACE's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge RACE's intrinsic value.
Using relative valuations ratios:
You can do more valuation research on RACE's stock here.
Out of 4 Wall Street analysts who give ratings on RACE, the consensus analyst rating on RACE is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Adam Jonas, a top 14% analyst from Morgan Stanley maintains RACE with a strong buy rating and raises their RACE price target from $280.00 to $310.00, on Mar 7, 2023.
Maintaining his Strong Buy rating, Jonas raised his price target on Ferrari N.V. by 10.7%.
The analyst said Ferrari is now his top U.S. autos pick, replacing Tesla.
Although his view of auto sector fundamentals is "relatively bearish," Ferrari is the company with "the longest order backlog, greatest earnings visibility, and highest pricing power of any company we cover," Jonas explained.
Acknowledging the stock "ain't cheap," the analyst argued that "that's the price for security."
Ferrari is "the most defensive auto name that avoids much of the EV hype and EV risk," Jonas concluded.
Michael Binetti, a bottom 4% analyst from Credit Suisse maintains RACE with a buy rating and raises their RACE price target from $290.00 to $310.00, on Feb 3, 2023.
Henning Cosman, a top 45% analyst from HSBC upgrades RACE to a strong buy rating, on Oct 27, 2022.
Susy Tibaldi, a top 37% analyst from UBS maintains RACE with a strong buy rating and raises their RACE price target from $255.00 to $270.00, on Aug 3, 2022.
An analyst from Morgan Stanley maintains RACE with a strong buy rating and lowers their RACE price target from $350.00 to $300.00, on May 24, 2022.
You can dig deeper into what analysts are saying on the Ferrari Nv stock forecast page.
Last year, RACE earnings were $1.00B. In the past 5 year, RACE's earnings have gone up by 9.86% per year. This was slower than the Auto Manufacturers industry average of 160.05%.
Last year, RACE revenue was $5.48B. Over the last 5 year, RACE's revenue has grown by 5.73% per year. This was slower than the Auto Manufacturers industry average of 81.53%.
Dive into RACE's earnings and revenue performance here.
Over the past 12 months, executives and large shareholders at RACE have not bought or sold any shares.
Get more info about who owns RACE shares here.
Ferrari Nv pays a dividend of 0.56%, compared to the Auto Manufacturers industry's average dividend yield of 4.68%. If you owned $1,000 worth of RACE stock, you would have been paid $5.60 in the past year.
Ferrari Nv dividend payments have consistently grown over the past 5 years and have remained stable.
Find more analysis about Ferrari Nv dividend yield and history here.
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
There are two primary types of orders:
Press the Open Trade button and your broker will place your order.
If you require additional help buying stocks on eToro, click the how to video below:
Now that you own some RACE shares, you'll want to keep up with your new investment.
Put RACE on a watchlist to track your RACE stock.
To reiterate, here are the 6 steps you need to take to buy Ferrari Nv stock right now:
If you require a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get notifications regarding your new investment in Ferrari Nv, create a watchlist today.