Does Ferrari N.V. Common Shares (RACE) Look Attractive Now? Credit Suisse Initiates Coverage

March 13, 2018 - By Ellis Scott

 Does Ferrari N.V. Common Shares (RACE) Look Attractive Now? Credit Suisse Initiates Coverage

Why Has Credit Suisse Given Ferrari N.V. Common Shares (RACE) a $150 Price Target

The financial firm Credit Suisse has today began coverage on Ferrari N.V. Common Shares (RACE) shares, with a “Outperform” rating, while giving it the price target at $150.

Ferrari N.V. (NYSE:RACE) Ratings Coverage

Among 7 analysts covering Ferrari N.V. C… (RACE), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Ferrari N.V. C… has $155.0 highest and $60 lowest target. $133.20’s average target is 7.78% above currents $123.58 stock price. Ferrari N.V. C… had 11 analyst reports since October 12, 2016 according to SRatingsIntel. The rating was maintained by Jefferies with “Buy” on Monday, February 5. Evercore upgraded Ferrari N.V. (NYSE:RACE) on Tuesday, November 8 to “Hold” rating. On Friday, December 8 the stock rating was maintained by Jefferies with “Buy”. Morgan Stanley maintained Ferrari N.V. (NYSE:RACE) on Wednesday, February 14 with “Underweight” rating. The firm has “Buy” rating by UBS given on Wednesday, October 12. The stock has “Buy” rating by UBS on Thursday, August 3. The firm earned “Underweight” rating on Thursday, September 7 by Morgan Stanley.

The stock decreased 0.60% or $0.74 during the last trading session, reaching $123.58. About 328,554 shares traded. Ferrari N.V. (RACE) has risen 105.65% since March 13, 2017 and is uptrending. It has outperformed by 88.95% the S&P500.

Ferrari N.V., through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company has market cap of $23.33 billion. The firm offers seven models, including four sports cars that include 488 GTB, 488 Spider, F12berlinetta, and special series F12tfd; and three GT cars, which comprise California T, GTC4Lusso, and GTC4Lusso T. It has a 35.61 P/E ratio. It also provides LaFerrari Aperta, a limited edition supercar; Fuoriserie, a very limited editions series; one-off cars; F60 America, a V12 open air roadster; and Ferrari J50, a two-seater mid-rear-engined roadster.

More important recent Ferrari N.V. (NYSE:RACE) news were published by: which released: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” on March 05, 2018, also published article titled: “NYSE:RACE Shareholder Notice: Investigation of Possible Securities Laws …”, published: “EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims …” on March 02, 2018. More interesting news about Ferrari N.V. (NYSE:RACE) was released by: and their article: “Ferrari Brake Maker Racing to Big Gains After Outlook Reassures” with publication date: March 09, 2018.

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