News articles about Ferrari (NYSE:RACE) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ferrari earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.09635273917 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- Credit Suisse Group Initiates Coverage on Ferrari (RACE) (americanbankingnews.com)
- BRIEF-Huntsman Appoints Daniele Ferrari To Its Board Of Directors (feeds.reuters.com)
- Lewis Hamilton opens up on Ferrari and Red Bull chances in F1 title … – Express.co.uk (express.co.uk)
- Ferraris will be heard again at Watkins Glen after a four-year absence – The Central New York Business Journal (cnybj.com)
- Ferrari (NYSE:RACE)Latest at the Geneva Auto Show – Live Trading News (livetradingnews.com)
Shares of Ferrari (NYSE RACE) traded down $0.39 during mid-day trading on Monday, reaching $124.32. 414,259 shares of the company’s stock traded hands, compared to its average volume of 712,976. The company has a quick ratio of 2.65, a current ratio of 3.27 and a debt-to-equity ratio of 2.30. The firm has a market cap of $23,560.00 and a P/E ratio of 44.09. Ferrari has a 52-week low of $65.38 and a 52-week high of $131.20.
RACE has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Ferrari from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. UBS Group reiterated a “buy” rating and issued a $160.00 price target (up from $129.00) on shares of Ferrari in a research report on Monday, February 26th. Jefferies Group increased their price target on shares of Ferrari to $130.00 and gave the company a “buy” rating in a research report on Friday, December 8th. HSBC initiated coverage on shares of Ferrari in a research report on Monday, December 11th. They issued a “hold” rating on the stock. Finally, Morgan Stanley increased their price target on shares of Ferrari from $100.00 to $105.00 and gave the company an “underweight” rating in a research report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $126.88.
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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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