Latest Stocks: Ferrari (RACE) Rating Reiterated by Kepler Capital Markets

Latest Stocks: Ferrari (RACE) Rating Reiterated by Kepler Capital Markets

Kepler Capital Markets reaffirmed their hold rating on shares of Ferrari (NYSE:RACE) in a research report sent to investors on Monday, May 15th, StockTargetPrices.com reports.

Several other brokerages have also issued reports on RACE. Jefferies Group LLC reissued a buy rating and set a $74.00 price objective on shares of Ferrari in a report on Tuesday, April 18th. Zacks Investment Research lowered shares of Ferrari from a hold rating to a sell rating in a report on Wednesday, May 3rd. Bank of America Corp lifted their price objective on shares of Ferrari from $82.00 to $90.00 and gave the company a buy rating in a report on Friday, May 5th. Citigroup Inc raised shares of Ferrari from a neutral rating to a buy rating in a report on Thursday, March 23rd. Finally, TheStreet raised shares of Ferrari from a d+ rating to a c rating in a report on Wednesday, March 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $73.86.

A number of institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new position in Ferrari during the third quarter valued at about $17,143,000. Permian Investment Partners LP raised its position in Ferrari by 0.5% in the third quarter. Permian Investment Partners LP now owns 1,226,737 shares of the company’s stock valued at $63,643,000 after buying an additional 6,000 shares in the last quarter. Samlyn Capital LLC raised its position in Ferrari by 5.4% in the third quarter. Samlyn Capital LLC now owns 1,677,444 shares of the company’s stock valued at $87,009,000 after buying an additional 85,700 shares in the last quarter. Edmond DE Rothschild Italia SGR SPA raised its position in Ferrari by 88.5% in the third quarter. Edmond DE Rothschild Italia SGR SPA now owns 56,462 shares of the company’s stock valued at $2,913,000 after buying an additional 26,502 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC raised its position in Ferrari by 22.2% in the third quarter. Douglass Winthrop Advisors LLC now owns 23,700 shares of the company’s stock valued at $1,231,000 after buying an additional 4,300 shares in the last quarter. 30.45% of the stock is currently owned by institutional investors and hedge funds. Ferrari Company Profile

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