Somewhat Positive Press Coverage Somewhat Unlikely to Impact Ferrari N.V. (RACE) Share Price

News stories about Ferrari N.V. (NYSE:RACE) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ferrari N.V. earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.8859051359309 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

Ferrari N.V. (RACE) opened at 119.68 on Wednesday. Ferrari N.V. has a 52-week low of $50.39 and a 52-week high of $120.36. The company’s 50-day moving average is $113.59 and its 200-day moving average is $98.97. The firm has a market capitalization of $22.61 billion, a P/E ratio of 40.32 and a beta of 1.70.

Ferrari N.V. (NYSE:RACE) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.13. The firm had revenue of $1.01 billion during the quarter. Ferrari N.V. had a net margin of 14.43% and a return on equity of 128.49%. On average, analysts predict that Ferrari N.V. will post $3.16 EPS for the current year.

Several equities research analysts have recently commented on RACE shares. Zacks Investment Research downgraded shares of Ferrari N.V. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Berenberg Bank reiterated a “buy” rating on shares of Ferrari N.V. in a research note on Monday, August 14th. Morgan Stanley downgraded shares of Ferrari N.V. from an “overweight” rating to an “underweight” rating and set a $100.00 price objective for the company. in a research note on Thursday, September 7th. UBS AG reiterated a “buy” rating and set a $125.00 price objective (up from $100.00) on shares of Ferrari N.V. in a research note on Thursday, August 3rd. Finally, Evercore ISI lifted their price objective on shares of Ferrari N.V. from $46.00 to $105.00 and gave the stock an “in-line” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $109.86.

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About Ferrari N.V.

Ferrari NV, known as New Business Netherlands NV, is an Italy-based company, incorporated in the Netherlands, that is engaged in designing, manufacturing and selling sports cars under the Ferrari brand. Its products include nine sports car models, including seven sports cars: 458 Italia, 488 GTB, 458 Spider, 488 Spider, F12 Berlinetta, 458 Speciale and 458 Speciale A; as well as two grand tourer (GT) cars: California T and FF.

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