Ferrari N.V. (RACE) was Initiated by Societe Generale to “Sell” and the brokerage firm has set the Price Target at $45. Societe Generale advised their investors in a research report released on Oct 13, 2016.
On the company’s financial health, Ferrari N.V. reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.29. The company had revenue of $675.00 million for the quarter, compared to analysts expectations of $645.65 million. The company’s revenue was up 8.7% compared to the same quarter last year.