Ferrari’s (NYSE:RACE) Shares in the Fast Lane
- Ferrari is not just a Supercar, it is an Aristocrat stock.
Ferrari (NYSE:RACE) is the Top performer in the automobile sector with an overall YTD gainer of 12%+ against a 52 wk trading range of 58.01 – 121.14.
Ferrari shares have risen from a January 2 low of 103.65 to 117.16 at the close in New York Thursday, with robust luxury-sector environment a Key factor for the iconic maker of Super and HyperSuper sport and racing cars.
Ferrari is the Top company on HeffX-LTN list with the Maranello outfit having posted the most impressive share price gains so far this year.
Higher Crude Oil prices are leading to increased luxury goods consumption in the Middle East and the APAC-region luxury consumption remains robust too.
Looking at Ferrari’s fundamentals I believe that the company should be supported as it has outperformed on Top line growth and is still seeing its margins being expanded meaning that there is more room to the Northside for Ferrari’s stock price
Ferrari’s EBIT margin stood at 24.2% in Q-3 of Y 2017 Vs 7.5% at GM and 10.3% at BMW, to name more mainstream carmakers on our list.
|NYSE:RACE||117.16||11 January 2018||2.89||115.92||116.9||115.92||380,033|
|HeffX-LTN Analysis for RACE:||Overall||Short||Intermediate||Long|
|Bullish (0.39)||Bullish (0.40)||Bullish (0.33)||Bullish (0.43)|