News stories about Ferrari N.V. (NYSE:RACE) have been trending positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ferrari N.V. earned a coverage optimism score of 0.31 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Ferrari NV (RACE) Ichimoku Reading Holds Above the Cloud – Financial News Review (finnewsreview.com)
- Westport Fuel Systems Inc. (WPRT) is at $1.93 per share and Ferrari NV (RACE) is listed at $86.09 – Stocks Gallery (stocksgallery.com)
- Ferrari NV breached its 50 day moving average in a Bearish Manner : RACE-US : July 7, 2017 (finance.yahoo.com)
- Ferrari N.V. (RACE) Stock Is Off to the Races (investorplace.com)
- How to pimp your portfolio with a classic car (finance.yahoo.com)
Shares of Ferrari N.V. (NYSE RACE) traded up 2.76% during trading on Monday, hitting $88.47. 188,871 shares of the stock traded hands. Ferrari N.V. has a 52-week low of $40.74 and a 52-week high of $91.94. The stock has a 50 day moving average of $87.22 and a 200 day moving average of $71.84. The firm has a market cap of $16.72 billion, a price-to-earnings ratio of 32.90 and a beta of 1.67.
Several analysts recently commented on RACE shares. Jefferies Group LLC assumed coverage on shares of Ferrari N.V. in a research report on Monday, March 13th. They set a “buy” rating and a $74.00 price objective on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $72.00 price target on shares of Ferrari N.V. in a report on Thursday, March 23rd. Citigroup Inc. raised shares of Ferrari N.V. from a “neutral” rating to a “buy” rating in a report on Thursday, March 23rd. TheStreet upgraded shares of Ferrari N.V. from a “d+” rating to a “c” rating in a research note on Wednesday, March 29th. Finally, Zacks Investment Research cut shares of Ferrari N.V. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $81.60.
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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