RACE.MI - Ferrari N.V.

Milan - Milan Delayed Price. Currency in EUR
-0.20 (-0.14%)
As of 3:28PM CEST. Market open.
Stock chart is not supported by your current browser
Previous Close139.60
Bid139.35 x 0
Ask139.45 x 0
Day's Range139.30 - 140.45
52 Week Range84.08 - 152.60
Avg. Volume497,027
Market Cap34.889B
Beta (3Y Monthly)0.66
PE Ratio (TTM)31.45
Earnings DateN/A
Forward Dividend & Yield1.03 (0.75%)
Ex-Dividend Date2019-04-23
1y Target EstN/A
  • Tesla Is the Ferrari of EVs — And That’s Not Good for TSLA Stock

    Tesla Is the Ferrari of EVs — And That’s Not Good for TSLA Stock

    Like most American males, I love cars. I may not know much about them, but I love driving fast (in accordance with local and state laws, of course). And Tesla (NASDAQ:TSLA) is one of those rare companies that has combined multiple technologies into one cohesive whole. In the past, this has supported a wild upswing in TSLA stock.Source: franz12 / Shutterstock.com Better yet for car enthusiasts, Tesla has never stopped innovating. Recently, the iconic sports-car manufacturer Porsche (OTCMKTS:POAHY) made waves with its Taycan electric vehicle. Recently, a Porsche Taycan Turbo lapped Germany's famous Nurburgring track with a time of 7:42. In doing so, the automaker set a lap record for a production electric vehicle.If you've seen the undulating curves and corners of the Nurburgring, you know that anything under an eight-minute lap time is wicked fast. Not to be outdone, Tesla ran its latest Model S around the same track. Unofficially, the S completed a full cycle 20 seconds faster than the Taycan. And if that's a truly legitimate time, Tesla stock deserves an upgrade just on the improved performance alone.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn the world of auto racing, a hundredth of a second may represent the difference between victory and defeat. When you're talking about 20 seconds in this context, it's a different dimension. Again, in theory, this should lift the TSLA stock convincingly. * 7 Momentum Stocks to Buy On the Dip After all, look at Ferrari (NYSE:RACE). Its business is entirely based on performance and sex appeal.But Tesla is no Ferrari. Clearly, it's best suited for being an EV supercar manufacturer, yet it insists on being a "regular" automaker. Unfortunately, this confusing message hurts Tesla stock in the long run. TSLA Has Ferrari-esque Running CostsAlthough not apparently a priority, Tesla is nevertheless working hard on its uber-cool Roadster. A true supercar, the company claims it will hit 60 miles per hour from a standstill in 1.9 seconds.That's the kind of outrageous statistic that gets people excited about Tesla, and perhaps TSLA stock. For context, Ferrari's 812 Superfast -- that is unfortunately its real name -- hits 60 one second slower. As I mentioned up top, one second is an eternity.Thus, with the EV platform, Tesla has not only matched the competition in terms of streetlight-to-acceleration, it has utterly dominated its fossil-fueled exotic peers. However, it's proven performance won't do much for Tesla stock. That's because TSLA insists on providing a comprehensive product portfolio.On the surface, I'm okay with that. For instance, Toyota (NYSE:TM) has found great success building reliable every-man cars. At the same time, it has ventured into the luxury and performance categories with its Lexus brand.But the difference here is that Toyota -- aside from the larger scale -- has a cohesive strategy. In other words, it's not like Tesla, trying to peddle deceptively expensive cars to middle-class drivers. The hidden expenses of owning even the "entry level" Model 3 represents a longer-term risk for TSLA stock.While EVs undeniably appeal to the techie crowd, they also have multiple liabilities. Specific to Tesla, its EVs are expensive to insure: Essentially, it's on par with insuring a Porsche 911.And why is protecting your Tesla so onerous? To put it simply, Teslas basically are the Ferraris of EVs, but it doesn't want to admit that. Because of their exotic technology and parts, they're very expensive to repair.As such, they should only be marketed to the affluent. Anyone who blinks at $10,000 or higher repair bills shouldn't drive these things. TSLA Stock Faces Risks from Eroding Consumer BaseI wasn't kidding about the $10,000, either. One unfortunate Tesla driver documented his nightmare story of a fairly typical fender-bender accident. After being rear-ended by an SUV, he received a final bill for the damage totaling nearly $36,000.From the pictures the driver shared, I think we can all agree that the damage is not worth the cost of an entry level Mercedes Benz model. And from what other Tesla drivers shared, these are not necessarily atypical expenses.Again, this is because Teslas are exotic cars masquerading as normal ones. While the average consumer is initially wowed, more people eventually will catch on. When they do, they probably won't want to deal with EVs and their (expensive) quirks.Instead, they'll go back to the trusty internal combustion engine. Yeah, it's loud and environmentally unfriendly. But when you're facing a $36,000 repair bill, any alternative is a better alternative. And that really doesn't bode well for Tesla stock.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Tesla Is the Ferrari of EVs -- And Thata€™s Not Good for TSLA Stock appeared first on InvestorPlace.

  • Financial Times

    UK electric car supplier Yasa eyes Europe plant after Brexit

    A British start-up that makes high-tech electric motors for battery cars is considering opening a new factory in Europe in order to avoid tariffs after Brexit. Chief executive Chris Harris told the FT the business will be forced to put the site in Europe if there is a bad deal or no-deal scenario, because its European customers will not be happy to pay the cost of tariffs. “That will be in the UK if it will come up with a decent deal, otherwise we will have no choice but to put that in Europe,” he said.

  • Financial Times

    If money can’t buy taste, best not to flaunt it

    A combination of five years at my current address and London property prices means I am no longer considered a Yuppie incomer. My area, which is known for its unusually wide range of Victorian architectural styles, is beginning to experience banker-style gentrification. Where once we saw modest kitchen extensions, now we have garden-gobbling goliaths that double the square footage of the ground floor at a stroke.

  • How the world's top golfers would spend the $15 million FedEx Cup prize
    Yahoo Finance

    How the world's top golfers would spend the $15 million FedEx Cup prize

    Brooks Koepka, Graeme McDowell, Ian Poulter and others tell Yahoo Finance what they would do with the prize money if they won the FedEx Cup.

  • 10 Stocks That Can Profit as Global Turmoil Escalates

    10 Stocks That Can Profit as Global Turmoil Escalates

    The 22% average annual gain of 'idiosyncratic growth' stocks is far superior to the market, says BofA.

  • 3 Auto Stocks Speeding Past Rivals, Say Analysts

    3 Auto Stocks Speeding Past Rivals, Say Analysts

    A few months ago, it looked like auto stocks were being left in the dust as a result of widespread sales declines. Auto data firm Edmunds reported on June 26 that auto sales fell 2% during the first half of 2019, representing the industry’s second year-over-year sales dip since the Great Recession. Sales for the whole year are expected to drop to 16.9 million, down from 17.3 million in 2018. However, with lower interest rates and higher inventories presenting attractive buying opportunities for consumers, analysts argue that opportunities can once again be found within the automotive industry for compelling investments.Here are 3 auto stocks that analysts believe are revved up and ready to go. Ford Motor Company (F) While Ford shares have plummeted 7% in the last month, some analysts are saying now is the time to buy. The company has shifted efforts towards restructuring its operations. Management has stated that the focus of the European segment of its business will now be placed on its commercial vehicle sales, as that is its strength in the region. F has also made progress in reducing its capital expenditures and getting its EBIT margin closer to 6%. Ford announced that it will spend $11 billion over the next few years to develop and manufacture electric vehicles. It will start developing electric, hybrid and plug-in hybrid-power versions of the Explorer and Escape, its two most popular SUV models. They are expected to be released in 2020. To appeal to construction workers, F is designing an electric F150 pickup truck. The trucks would be able to charge power tools. On July 12, the company announced that it had expanded its partnership with Volkswagen AG (VWAGY) to add autonomous and electric vehicles to the list of joint projects.Morgan Stanley believes that the dip represents a unique buying opportunity for investors. Top analyst, Adam Jonas, upgraded F to a Buy and set a $12 price target, suggesting 26% upside potential. “Our upgrade is driven by three main factors: (1) restructuring actions; (2) strategic actions; and (3) product mix enhancement. Additionally, our previous concerns over Ford’s ability to maintain its dividend payment have largely subsided,” he said on August 6. UBS analyst, Colin Langan, agrees that investors should buy Ford while the stock is down. On July 1, he reiterated his Buy rating while raising the price target from $12 to $13. He believes share prices could surge by 36% over the next twelve months. The analyst boasts a 67% success rate and gets an average return of 10% per rating. F has a ‘Moderate Buy’ analyst consensus and a $12 average price target, indicating 29% upside potential. General Motors Company (GM)Despite a drop in income from China, analysts tell investors not to worry. On August 1, General Motors reported that its second quarter net revenue dropped 2% from the prior-year quarter to $36.1 billion. The decline occurred after its China income plummeted over 60% from the year-ago quarter. GM’s domestic deliveries of full-size trucks were also down 7% year-over-year. Management highlighted the fact that despite the delivery and income dip, operating profit in North America remained stable at almost $5 billion. The company did report double-digit sales growth for its crew-cab pickups in each of the first two quarters of 2019, implying that the underlying demand for the company's trucks remains strong. GM also increased its annual production capacity by 20,000 units for light-duty trucks and 40,000 units for heavy-duty trucks. “As a result, sales of light-duty trucks -- the higher-volume part of the market -- should return to growth in the second half of 2019. Supply constraints may continue to weigh on sales of heavy-duty trucks this quarter, but sales growth should resume before year-end in that segment, too,” top financial blogger, Adam Levine Weinberg writes. Citigroup analyst, Itay Michaeli, believes that “GM has a story that is unique and compelling”. On August 2, he reiterated his Buy rating and raised his price target from $67 to $68. Michaeli believes share prices could skyrocket by 73% in the next twelve months. “Its fleet age that suggests pent-up demand through 2024 and pickups appear less susceptible to industry disruption. We like management’s confidence about the second half outlook, and while the consensus has GM turning in a year over year decline in 2020, we believe GM can grow EPS next year,” the analyst said. The Street is bullish on this auto stock. GM boasts a ‘Strong Buy’ analyst consensus and a $53 average price target, suggesting 34% upside. Ferrari NV (RACE)Ferrari stands out from the other stocks on our list because it doesn’t want to sell too many cars. Its luxurious image and brand reputation are built on its exclusivity and high prices. RACE trades at 35x its estimated 2020 earnings, vastly exceeding the Russell 3000 Auto & Auto Parts Index’s 9.7x multiple. Its margin on EBIT is 24.1%. Bayerische Motoren Werke AG (BMWYY), Ford and GM all trail behind at 8.1%, 2.5% and 6.8%, respectively. By the end of 2022, the company plans to develop 15 new models. Management claims the sales generated from these models could almost double its profits, making the company more secure as U.S. light vehicle sales slow down. Top financial blogger, Daniel Miller, argues that Ferrari’s first SUV, which is expected to be released in 2022, could send margins even higher. “Even more intriguing are its plans for its first SUV, which could boost margins even higher and appeal to more Chinese buyers, who crave SUVs. The number of wealthy consumers in China has grown large enough that Ferrari can expand its sales there without compromising its brand exclusivity or watering down its pricing,” he writes. Societe Generale analyst, Stephen Reitman, agrees that Ferrari’s growth is poised to speed up. On August 5, he upgraded the rating from a Hold to a Buy and raised the price target from $141 to $183, suggesting 16% upside. “Ferrari is targeting over 38% EBITDA margin in FY22, a level likely to match European luxury goods sector outlier Hermès, whose business model Ferrari increasingly resembles, in our view. We now believe it can justifiably be valued on Hermès’ multiples,” he said. RACE has a ‘Strong Buy’ analyst consensus and a $182 average price target, implying 15% upside. Discover Wall Street’s top-rated stocks over the last week

  • The new Corvette waves goodbye to the boomers
    Yahoo Finance

    The new Corvette waves goodbye to the boomers

    The look, features, and specs makes it obvious that the new Corvette is meant to resonate with younger, more enthusiast sports car buyers who want the Corvette to be a track fighter - not a boulevard cruiser with massive straight line speed.

  • Top Consumer Cyclical Stocks for February 2019

    Top Consumer Cyclical Stocks for February 2019

    Consumer cyclicals stocks are heavily dependent upon the strength of the economy and broader business cycles. Check out which cyclical stocks came out on top for February 2019.

  • Ferrari Stock Posted New All-Time High Last Week
    Market Realist

    Ferrari Stock Posted New All-Time High Last Week

    Italian luxury carmaker Ferrari (RACE) continued to trade on a strong bullish note last week. In the week ended June 21, its stock rose by 6.1%, registering its highest weekly gains in the last 20 weeks. Ferrari is the only auto company that has ended all months of 2019 so far in the positive territory.

  • The Cullinan: The 'Rolls-Royce' of SUVs is here
    Yahoo Finance

    The Cullinan: The 'Rolls-Royce' of SUVs is here

    The Rolls-Royce Cullinan was years in the works. It's Rolls after all, and it needed to be special; not to mention boost sales globally, especially in the U.S.

  • Is Ferrari N.V. (RACE) A Good Stock To Buy?
    Insider Monkey

    Is Ferrari N.V. (RACE) A Good Stock To Buy?

    We at Insider Monkey have gone over 738 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st. In this article, we look at what those funds think of Ferrari N.V. (NYSE:RACE) based on that data. […]

  • Ferrari Stock Signal Flashes After Shares Touch New High
    Schaeffer's Investment Research

    Ferrari Stock Signal Flashes After Shares Touch New High

    There's a lot to like about RACE stock from a technical standpoint

  • Markit

    See what the IHS Markit Score report has to say about Ferrari NV.

    Ferrari NV NYSE:RACEView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for RACE with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting RACE. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding RACE totaled $89.71 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Reuters

    Ferrari accelerates its move into hybrid cars

    Ferrari presented a luxury car with a difference on Wednesday -- a hybrid model that can cruise silently through city streets on electric power as well as hitting a top speed of 340 km per hour. Fitted with a 1,000 horsepower engine developed from Formula One, the new 4WD SF90 Stradale hybrid sports car was proudly displayed at the company's historic base in Maranello, near Modena, in northern Italy. Chief Executive Louis Camilleri described the new car as "astounding, fast and completely revolutionary".