Take This Into Account Before Investing in RACE

By Scott Lee • Wednesday, December 10 15:25 • Permanent Link

Ferrari logged a -3.0% change during today's afternoon session, and is now trading at a price of $364.07 per share. The S&P 500 index moved 1.0%. RACE's trading volume is 1,276,465 compared to the stock's average volume of 766,584.

Ferrari trades -23.79% away from its average analyst target price of $477.75 per share. The 14 analysts following the stock have set target prices ranging from $402.92245 to $567.7581, and on average have given Ferrari a rating of buy.

If you are considering an investment in RACE, you'll want to know the following:

Ferrari's current price is 590.2% above its Graham number of $52.75, which implies that at its current valuation it does not offer a margin of safety
Ferrari has moved -16.5% over the last year, and the S&P 500 logged a change of 12.4%
Based on its trailing earnings per share of 10.43, Ferrari has a trailing 12 month Price to Earnings (P/E) ratio of 34.9 while the S&P 500 average is None
RACE has a forward P/E ratio of 31.8 based on its forward 12 month price to earnings (EPS) of $11.45 per share
Its Price to Book (P/B) ratio is 14.75 compared to its sector average of None
Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide.
Based in Maranello, the company has 5,493 full time employees and a market cap of $64.9 Billion. Ferrari currently returns an annual dividend yield of 0.8%.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.