|Bid||115.75 x 800|
|Ask||115.77 x 1100|
|Day's Range||115.00 - 116.60|
|52 Week Range||103.65 - 149.85|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||32.42|
|Earnings Date||Nov 5, 2018|
|Forward Dividend & Yield||0.85 (0.73%)|
|1y Target Est||145.11|
As of October 16, Harley-Davidson’s forward EV-to-EBITDA multiple was 11.9x. Three months ago, it was 12.3x. The multiple is based on its estimated EBITDA for the next 12 months.
In the previous part of this series, we saw that Harley-Davidson (HOG) stock is underperforming the broader market in the fourth quarter. Year-to-date, Ford (F) and General Motors (GM) have fallen 28.7% and 21.1%, respectively while Ferrari (RACE) has risen 16.1%. In the second quarter, Harley-Davidson reported adjusted EPS of $1.45.
Harley-Davidson (HOG) is expected to release its third-quarter earnings on October 23. It’s one of the most popular heavyweight motorcycle brands in the world. Before we find out what investors could expect from its upcoming earnings, let’s see how Harley-Davidson stock is trading before its third-quarter earnings release.
On October 11, Ferrari stock (RACE) has lost ~15.6% on a month-to-date basis. Among its peers (XLY), Tesla (TSLA) rose about 45.7% in 2017 while General Motors (GM) and Ford (F) saw 17.7% and 3.0% gains, respectively. According to recent data by Thomson Reuters, 45.0% of the 11 analysts covering Ferrari stock gave it “buy” recommendations.
IPO a fluke or can it be repeated? Automakers who produce or own luxury and high-end auto brands have certainly noticed the outperformance that's come from Ferrari since it made its public debut. The storied automaker underwent an IPO in 2015 in an attempt to unlock value.
According to the data compiled by Reuters on October 11, about 29.0% of 28 analysts covering Tesla (TSLA) gave its stock a “buy” recommendation. Another 36.0% recommended a “hold,” and the remaining 36.0% of analysts covering TSLA suggested a “sell” for its stock.
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.
Maranello (Italy), October 16, 2018 -Ferrari N.V. (“Ferrari”) (NYSE/MTA: RACE) announced today that its financial results for the third quarter of 2018 will be released on.
The maker of the 911 model could easily be valued “between 60 billion and 70 billion” euros ($69.4-$81 billion), applying multiples for luxury-goods producers such as Ferrari, Lutz Meschke told reporters at Porsche’s development center outside Stuttgart at an event for the brand’s first electric car, the Taycan.
Porsche has said it has absolutely no plans to list its car brand on equity markets. Lutz Meschke added that analysts would view price the stock as a luxury brand. The German luxury carmaker Porsche has denied speculation that it's planning to pursue an initial public offering (IPO).
In the previous part of this series, we discussed how weaker-than-expected third-quarter earnings could add to investors’ concerns amid the broader market sell-off. The S&P 500 Index (SPY), the Dow Jones Industrial Average (DIA), and the NASDAQ Composite Index (QQQ) were still trading with 4.2%, 3.6%, and 10.1% gains year-to-date, respectively, after a steep decline on October 10. Let’s take a look at why investors shouldn’t rush to enter a long position following any minor market bounce back.
Index (PMI) data, output in the Consumer Goods sector is rising. 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.
In the previous article, we discussed how Tesla (TSLA) has managed to bring changes to the auto industry by changing auto buyers’ (XLY) perceptions about EVs (electric vehicles). As of October 9, Tesla’s market cap was at $44.8 billion compared to General Motors’ (GM) $46.1 billion, Ford Motor Company’s (F) $35.7 billion, and Ferrari’s (RACE) $23.7 billion. One of the most common arguments against Tesla has been its execution problems.
In the last week, the broader market has witnessed a sharp negative movement, which may have been triggered by a variety of factors, including rising bond yields, fears of a slowdown in China, and America’s ongoing trade tussle with China.
Ferrari NV (NYSE: RACE )'s improved fundamentals, new management and revised financial objectives led Societe Generale to apply higher multiples to its existing forecast for the sports car manufacturer ...
Ferrari’s renewed focus on high-end clients is a “game changer” for its valuation said Societe Generale. The French bank has raised its price target for the stock by almost 40 percent. “The facts have changed and so we have changed our mind on Ferrari,” said equity analyst Stephen Reitman.
Last week, which ended October 5, Fiat Chrysler stock (FCAU) continued to trade on a negative note and fell 0.7% to close at $17.38. Now, let’s take a look at some key support and resistance levels in Fiat Chrysler stock. On October 8, Fiat Chrysler stock was trading at $17.16, extending its losses in the last week.
Formula One leader Lewis Hamilton seized a record-extending 80th pole position at the Japanese Grand Prix on Saturday, timing his sole flying lap to perfection while Ferrari's Sebastian Vettel managed only ninth. Vettel and Ferrari teammate Kimi Raikkonen, who went out on intermediate tires in the final part of qualifying with the track still dry, lost time coming back in to fit the super-soft tires. Meanwhile, Hamilton – who along with team mate Valtteri Bottas had gone out straight away on the super-soft tires to beat the rain – was lighting up the timing screens.
Aston Martin was priced at 19 pounds ($24.69) a share in an initial public offering, on par with Ferrari’s lofty profit multiples. The drop offers proof Palmer has a lot to do to convince investors of his vision for the Gaydon, England-based company. “We’ve taken 105 years to get to an IPO, we are not going to worry much on what the initial shares are doing,” Palmer said in an interview with Bloomberg TV.
Johnson Controls' (JCI) acquisition of Lux Product, which specializes in residential thermostats and smart home products, bolsters its position in the thermostat market.
PARIS (AP) — A wildly expensive supercar from Bugatti. A one-seater retro Ferrari with a giant engine. And, notwithstanding the buzz over electrics, a big, seven-seat luxury Mercedes-Benz SUV with a powerful internal combustion engine.
Italian driver Fabio Barone broke his third world speed record on Thursday, braving the hazardous Valle de Dades canyon road in Morocco.
The first of Ferrari's new Icona series is based on the 812 Superfast and comes with a $1.75 million price tag. The big question is: Would you spec yours with one seat or two?