Headlines about Ferrari N.V. (NYSE:RACE) have been trending somewhat positive this week, according to Alpha One. The research group, a unit of Accern, identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ferrari N.V. earned a news impact score of 0.22 on Alpha One’s scale. Alpha One also gave headlines about the company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Alpha One Sentiment’s rankings:
- Are Analysts Bullish on Ferrari Stock in June 2017? (finance.yahoo.com)
- Summary of Price Movements: Ferrari NV (RACE) – Morning Times (wallstreetmorning.com)
- JPMorgan Chase Ups Ferrari NV (NYSE:RACE) Stake by 102.8% in Q-1 – Live Trading News (livetradingnews.com)
- Ferrari NV (RACE) Moves -1.32% – Stock Press Daily (stockpressdaily.com)
- Ford (F) Partners with Deutsche Post to Manufacture E-Van (msn.com)
Several equities analysts recently weighed in on the company. Bank of America Corporation reissued a “buy” rating and set a $100.00 price objective (up previously from $90.00) on shares of Ferrari N.V. in a research report on Friday. Kepler Capital Markets reissued a “hold” rating on shares of Ferrari N.V. in a research report on Monday, May 15th. Zacks Investment Research raised Ferrari N.V. from a “sell” rating to a “hold” rating and set a $95.00 price objective for the company in a research report on Wednesday, May 10th. Morgan Stanley cut their price objective on Ferrari N.V. from $100.00 to $72.00 and set an “overweight” rating for the company in a research report on Monday, May 8th. Finally, Jefferies Group LLC set a $96.00 price objective on Ferrari N.V. and gave the stock a “buy” rating in a research report on Saturday, May 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Ferrari N.V. currently has an average rating of “Hold” and a consensus price target of $81.60.
Ferrari N.V. (NYSE RACE) traded up 0.55% during midday trading on Friday, hitting $88.03. The stock had a trading volume of 414,656 shares. The company’s 50 day moving average is $84.62 and its 200 day moving average is $69.44. Ferrari N.V. has a 1-year low of $38.71 and a 1-year high of $91.94. The company has a market cap of $16.63 billion, a price-to-earnings ratio of 33.66 and a beta of 1.66.
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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