Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Ferrari (RACE) Stock Price

News headlines about Ferrari (NYSE:RACE) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ferrari earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.4499461232846 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern’s scoring:

RACE has been the subject of a number of research analyst reports. BidaskClub cut shares of Ferrari from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research cut shares of Ferrari from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. HSBC initiated coverage on shares of Ferrari in a research note on Monday, December 11th. They issued a “hold” rating for the company. Jefferies Group lifted their target price on shares of Ferrari to $130.00 and gave the company a “buy” rating in a research note on Friday, December 8th. Finally, TheStreet upgraded shares of Ferrari from a “c” rating to a “b-” rating in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $114.71.

Ferrari (NYSE:RACE) traded down $0.07 during mid-day trading on Thursday, reaching $119.38. 335,109 shares of the company traded hands, compared to its average volume of 461,267. The company has a quick ratio of 2.68, a current ratio of 3.26 and a debt-to-equity ratio of 2.77. Ferrari has a 1 year low of $59.74 and a 1 year high of $121.14. The company has a market cap of $22,570.00 and a PE ratio of 39.95.

Ferrari (NYSE:RACE) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.15. Ferrari had a net margin of 15.06% and a return on equity of 106.38%. equities research analysts anticipate that Ferrari will post 2.89 earnings per share for the current year.

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Ferrari Company Profile

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.

Insider Buying and Selling by Quarter for Ferrari (NYSE:RACE)

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