Jefferies Reiterates a Buy Rating on Ferrari NV

By Ryan Adsit

Jefferies analyst Philippe Houchois reiterated a Buy rating on Ferrari NV (NYSE: RACE) today and set a price target of $74. The company’s shares closed yesterday at $71.32.

According to TipRanks.com, Houchois is a 2-star analyst with an average return of 5.0% and a 55.6% success rate. Houchois covers the Consumer Goods sector, focusing on stocks such as Fiat Chrysler Automobiles, General Motors, and Ford Motor.

Ferrari NV has an analyst consensus of Moderate Buy, with a price target consensus of $74.

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Ferrari NV is a holding company. It manufactures luxury sports cars. Ferrari’s models include the F12Berlinetta, 488GTB, 488 Spider, 458 Speciale, California T, the LaFerrari Hybrid, LaFerrari and the FF four-wheel drive. The company participates in car racing such as Formula One. Ferrari was founded by Enzo Anselmo Ferrari in 1947 and is headquartered in Maranello, Italy.