Ferrari (RACE) was Downgraded to a Hold Rating at Kepler Capital

By Carrie Williams

Kepler Capital analyst Michael Raab downgraded Ferrari (RACEResearch Report) to Hold on January 15 and set a price target of EUR190.00. The company’s shares closed last Friday at $210.07.

According to TipRanks.com, Raab is a 2-star analyst with an average return of 0.3% and a 55.9% success rate. Raab covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Bayerische Motoren Werke Aktiengesellschaft, and Bayerische Motoren Werke Aktiengesellschaft.

Ferrari has an analyst consensus of Moderate Buy, with a price target consensus of $248.85, which is a 15.8% upside from current levels. In a report issued on January 7, Citigroup also downgraded the stock to Hold.

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Ferrari’s market cap is currently $52.12B and has a P/E ratio of 67.20. The company has a Price to Book ratio of -234.43.

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Ferrari NV is a holding company. It manufactures luxury sports cars. The firm’s models include the F12Berlinetta, 488GTB, 488 Spider, 458 Speciale, California T, the LaFerrari Hybrid, LaFerrari and the FF four-wheel drive. It participates in car racing such as Formula One. The company was founded by Enzo Anselmo Ferrari in 1939 and is headquartered in Maranello, Italy.