Ferrari NV (RACE) Receives Daily News Impact Score of 0.16

Ferrari NV (RACE) Receives Daily News Impact Score of 0.16

Media coverage about Ferrari N.V. (NYSE:RACE) has trended somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ferrari N.V. earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

Several research analysts recently weighed in on RACE shares. Zacks Investment Research cut Ferrari N.V. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. UBS AG reissued a “buy” rating and issued a $100.00 price objective (up from $92.00) on shares of Ferrari N.V. in a research note on Tuesday. Bank of America Corporation reissued a “buy” rating and issued a $100.00 price objective (up from $90.00) on shares of Ferrari N.V. in a research note on Friday, June 16th. Kepler Capital Markets reaffirmed a “hold” rating on shares of Ferrari N.V. in a research report on Monday, May 15th. Finally, Morgan Stanley lowered their price objective on Ferrari N.V. from $100.00 to $72.00 and set an “overweight” rating on the stock in a report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $84.67.

Ferrari N.V. (RACE) traded up 1.84% during mid-day trading on Wednesday, reaching $92.26. The company’s stock had a trading volume of 413,347 shares. The company has a 50 day moving average of $87.22 and a 200-day moving average of $71.84. The stock has a market cap of $17.43 billion, a PE ratio of 34.31 and a beta of 1.67. Ferrari N.V. has a 52-week low of $40.74 and a 52-week high of $92.30.

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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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Published at Wed, 12 Jul 2017 14:48:45 +0000

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