Latest news with #RACE
Globe and Mail
07-05-2025
- Automotive
- Globe and Mail
Wall Street Analysts Are Bullish on Top Consumer Cyclical Picks
There's a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on Ferrari (RACE – Research Report), Amazon (AMZN – Research Report) and Portillo's (PTLO – Research Report) with bullish sentiments. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Ferrari (RACE) UBS analyst Susy Tibaldi maintained a Buy rating on Ferrari today. The company's shares closed last Tuesday at $471.45. Tibaldi has an average return of 23.8% when recommending Ferrari. ;'> According to Tibaldi is ranked #1875 out of 9504 analysts. Currently, the analyst consensus on Ferrari is a Moderate Buy with an average price target of $522.76, which is a 12.1% upside from current levels. In a report issued on April 21, Morgan Stanley also maintained a Buy rating on the stock with a $520.00 price target. Amazon (AMZN) In a report released today, Ivan Feinseth from Tigress Financial reiterated a Buy rating on Amazon, with a price target of $305.00. The company's shares closed last Tuesday at $186.18. According to Feinseth is a 5-star analyst with an average return of 13.3% and a 60.4% success rate. Feinseth covers the NA sector, focusing on stocks such as Norwegian Cruise Line, Travel + Leisure Co, and Royal Caribbean. ;'> Currently, the analyst consensus on Amazon is a Strong Buy with an average price target of $241.40, implying a 29.5% upside from current levels. In a report issued on April 21, Raymond James also downgraded the stock to Buy with a $195.00 price target. Portillo's (PTLO) In a report released today, Sharon Zackfia from William Blair reiterated a Buy rating on Portillo's. The company's shares closed last Tuesday at $10.27. According to Zackfia is a 5-star analyst with an average return of 12.5% and a 53.4% success rate. Zackfia covers the NA sector, focusing on stocks such as Birkenstock Holding plc, OneSpaWorld Holdings, and Lululemon Athletica. ;'> Portillo's has an analyst consensus of Moderate Buy, with a price target consensus of $14.60.
Globe and Mail
01-05-2025
- Automotive
- Globe and Mail
Forget Tesla: This 1 Auto Stock Is an Outperformer in 2025
For years, Tesla (TSLA) has owned the spotlight, blazing through the electric vehicle (EV) space like a comet, reshaping the auto industry and Wall Street's expectations all in one wild ride. But in 2025, that shine is starting to fade. The stock has stumbled out of the gate, weighed down by slowing deliveries, Elon Musk's political distractions, and intensifying heat from Chinese EV makers. Price cuts, shrinking margins, and uncertainty around U.S. tax credits only add fuel to the fire. Meanwhile, across the Atlantic, an Italian icon, Ferrari N.V. (RACE), is stealing the show. Defying tariffs and economic turbulence, the auto titan thrives on unwavering demand. Thanks to its affluent clientele, Ferrari remains largely tariff-resistant, with analysts highlighting how its appeal has historically endured through downturns, making it one of the rare, resilient gems in the auto world. Meanwhile, the company's guidance is strong, and the stock has been on a six-week climb while some of its industry peers stall. With its first EV slated for October 2025, Ferrari is just getting started, and it might just leave Tesla in the rearview. Hence, investors could consider this luxury auto giant's stock. About Ferrari Stock Founded in 1947, Maranello-based Ferrari N.V. (RACE) is more than a carmaker – it is a legend. With a legacy built on roaring engines, Formula 1 dominance, and masterful craftsmanship, Ferrari embodies the pinnacle of luxury and performance. Valued at $112 billion by market cap, the luxury automaker's ride this year has not been without bumps, with shares down 10% from their 52-high of $509.13. Yet, over the past 52 weeks, RACE stock still clocked a 10.1% gain. After a turbocharged Q4, fueled by a winning product mix and booming custom orders, shares accelerated 6.5% in just the last month, reminding investors that the prancing horse always finds a way back to the front of the pack. Wall Street Cheers as Ferrari Speeds Past Q4 Estimates On Feb. 4, Ferrari roared past Wall Street's Q4 expectations. Revenue raced 14% higher year-over-year to €1.7 billion. The bottom line truly turned heads as EPS jumped 32% to €2.14 ($2.28), leaving Wall Street's $1.89 per share prediction eating dust. A richer product mix and booming demand for bespoke models pushed average selling prices higher, lifting car and spare parts revenue by 16% annually and brand-related income by 22%. Even shipments ticked up 2% to 3,325 units in Q4, while full-year deliveries edged up 1% to 13,752 units, despite global headwinds. Operating profits punched 26% higher to €468 million. Fresh off a powerhouse quarter, Ferrari wasted no time shifting into high gear again. On March 27, shares climbed another 3% after the automaker unveiled a bold plan to counter the U.S. tariff shock - price hikes of up to 10% on select models starting April 2. Ferrari knows its buyers won't blink. As long as demand outpaces supply and ultra-luxury launches roll on, Ferrari's earnings engine shows no signs of stalling. Ferrari's 2025 roadmap is built for speed. Management targets net revenue to be greater than €7 billion, up over 5% year-over-year, while adjusted EPS are expected to race past €8.60. Adjusted EBITDA is set to exceed €2.68 billion, aiming for a sleek 38.3% margin. Ferrari is gearing up to release its Q1 earnings results on Tuesday, May 6, before the bell. Analysts monitoring the auto company anticipate the first quarter's profit to rise 11.3% year over year to $2.36 per share. What Do Analysts Expect for Ferrari Stock? Analysts have deemed the auto stock a 'Moderate Buy.' Out of the 15 analysts covering the stock, seven recommend a 'Strong Buy,' two advise a 'Moderate Buy,' five suggest a 'Hold,' and the remaining one has a 'Strong Sell.' RACE's mean price target of $515.13 implies the stock has upside potential of 12%. The Street-high target of $575 suggests the stock could rally as much as 25% from the current price levels.
NZ Herald
25-04-2025
- Sport
- NZ Herald
Awapuni's comeback meeting abandoned after one race
The refurbished Awapuni track passed recent trial tests but was shut down after the first race at the Anzac Day meeting today. Photo / Race Images. Awapuni's long-awaited return to racing on its newly renovated grass track has ended in disappointment, with their Anzac Day meeting abandoned after a slip in the opening race. 'A horse slipped on the outside,' RACE's general manager of racing Brad Taylor said. 'Walking the track, there is no visual slip, but we have got to have jockeys' safety first. 'They are the ones going out there and riding on it and it's on us that this has happened. 'It's really unfortunate, but we will learn from it and put the plans and processes in place to make amends for it and hopefully be back here in three weeks.' The rail had been put out six metres for the meeting, and Taylor said this was done on the advice of a number of track specialists who the club has contracted over the 19-month renovation process. 'There were two reasons (for putting the rail out six metres),' Taylor said. 'The first one was that we had jump-outs here for local ones (horses). There was a patch at the 600m, a half-metre by half-metre square, where a rock was brought up when we were verti draining and a bit of repair had to go into the track, hence why the trials went out to three metres. 'Then obviously we had the weather that day, we had 13ml of rain before the first (heat) and it rained throughout. There was quite a lot of damage. 'It is a young, immature track, so on the advice of the experts, we moved it (rail) out six metres. People say it's a dumb decision, but we are just following the advice of the experts. 'We have had plenty of horses over it right through the process. 'We will go back and work with them (experts) and the plan always was for the meeting on the 17th (of May) to go back to the true position to give that small area an extra three weeks. That will be our plan at this stage. 'It is only going to get better the more horses over the top of it and a bit more maturity. 'The riders' feedback was that it felt good under foot. Unfortunately, we have had this one slip that we can't hide behind and it's been the telling factor of the track. 'We will go through the process we had leading into today, learn from it and we will come back bigger and better.'
Yahoo
16-04-2025
- Automotive
- Yahoo
Philippines vehicle sales rose 8% in March
New vehicle sales in the Philippines increased by almost 8% to 40,306 units in March 2025 from 37,474 units a year earlier, according to member wholesale data released jointly by the Chamber of Automotive Manufacturers of the Philippines Inc (CAMPI) and the Truck Manufacturers Association (TMA). The vehicle market has continued to grow so far this year, after rebounding strongly in the previous three years from the pandemic lows – supported by strong domestic economic growth. GDP expanded by 5.6% last year, driven by strong domestic consumption and exports. The central bank has cut its benchmark interest rate by 25 basis points on four occasions since last August, to 5.50%, to help support domestic consumption. In the first quarter of 2025 vehicle sales increased by almost 7% to 117,074 units from 109,606 units in the same period last year, driven by a 14% rise in commercial vehicle sales – including SUVs - to 92,742 units while sales of passenger cars fell by 14% to 24,332 units. Michael Ricafort, chief economist at Rizal Commercial Banking Corporation, pointed out that the decline in passenger cars reflected a 'greater preference for SUVs, pickup trucks and other vehicles with a higher road clearance after the numerous typhoons and widespread floods that hit in the country in the latter part of 2024.' The associations' data show that a total of 5,311 electrified vehicles were sold year-to-date, including 4,544 hybrid electric vehicles (HEVs), 692 battery electric vehicles (BEVs) and 75 plug-in hybrids. Last year the government added hybrid electric vehicles (HEVs) to its EO12 zero-tariff incentive programme, which expires in 2028, having previously applied only for zero-emission vehicles such as battery electric vehicles (BEVs). Toyota reported an 12% increase in first-quarter sales to 55,510 units, helped by the recent launch of the new entry-level Hilux Tamaraw; followed by Mitsubishi Motors with 23,380 units (+12%); Nissan 6,720 units (-15%); Suzuki 5,440 units (+24%); and Ford 5,220 units (-31%). Earlier this year CAMPI said it expected total vehicle sales in the country to exceed 500,000 units this year, up from 467,252 units in 2024, driven by 'newly rolled out models and the anticipated introduction of new models', while Toyota is forecasting total industry volumes of 512,000 units. The Philippine government plans to introduce new incentives this year to encourage more local vehicle manufacturing in the country, under its 'Revitalizing the Automotive Industry for Competitiveness Enhancement' (RACE) programme. RACE will look to channel market incentives mainly to local producers to encourage investment. "Philippines vehicle sales rose 8% in March" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Khaleej Times
11-04-2025
- Sport
- Khaleej Times
Tadhg O'Shea: The relentless champion jockey who has helped redefine UAE horse racing
Over two decades have passed since a young, unassuming Irish apprentice jockey landed on UAE shores with little more than raw talent and relentless drive. Today, Tadhg O'Shea is a titan of the sport - 12-time UAE Champion Jockey, Group 1 winner, and the most successful rider in the country's racing history. His is not just a story of winning races. It's a story of building something lasting, something that reaches beyond the winner's enclosures and the roar of the Meydan crowd. It's about a career carved out through perseverance and an unshakable love for the sport. When UAE racing fans saw O'Shea ride for the first time in the Emirates, there was already something magnetic about his approach - nothing flashy, just determination and an uncanny ability to read a race and ride every horse to win. That quiet confidence, that nose for the right moment, has never left him, or diminished even 20 years on. From Dromahane to Dubai Born in Dromahane, County Cork, O'Shea didn't come from a racing family. He was one of those kids with a dream and the work ethic to chase it. RACE (Racing Academy and Centre of Education), Ireland's national training and education centre for the racing industry, located in Kildare Town, sharpened his instincts, and by 2001, he'd earned the title of champion apprentice in Ireland. That same year, the UAE came calling. It was the late Sheikh Hamdan bin Rashid Al Maktoum, former Deputy Ruler of Dubai and Minister of Finance, who offered him the breakthrough that changed everything when he offered him an opportunity to ride in the UAE during the Winter. That opportunity gave him not only a platform but a foundation. What followed was a career defined not just by success, but by staying power. O'Shea still speaks about Sheikh Hamdan with heartfelt gratitude and reverence. A Rider of the People, O'Shea's partnerships with top UAE trainers like Kiaran McLaughlin, Erwan Charpy, and now Bhupat Seemar and Ernst Oertel, have produced some of the country's most memorable performances. But for all the victories -over 1,160 and counting - it's his consistency and loyalty that has made him a mainstay of the UAE racing community. Over the years UAE's die-hard racing community has watched O'Shea walk into saddling enclosures, whether it's a Friday afternoon at Jebel Ali or a packed Group 1 card at Meydan, Abu Dhabi, Sharjah or Al Ain, with the same calm presence. He's approachable and grounded. His success hasn't distanced him from the sport's core. If anything, it's brought him closer to it. Always Chasing Excellence Despite being a 12-time champion, O'Shea isn't one to be caught up in milestones. "I don't set targets," he often says. "I just want to do right by the horses and the people I ride for." But the numbers speak for themselves - dozens of Group victories, a landmark win on Mizzna in the 2008 Dubai Kahayla Classic, and a history-making tally that's unlikely to be touched for years to come. His 2022 win against Switzerland in the Dubai Golden Shaheen was one of the most fitting moments in a career built on persistence. A Group 1 triumph for a rider who had spent so many years proving he belonged at the top level with thoroughbreds, not just Arabians. The Man Beyond the Saddle Off the track, O'Shea is as real as they come. A family man through and through, he often credits his wife, Debbie, and their sons, Darragh and Aaron, as the pillars behind his longevity. After the loss of his mother Ann, the sport became even more emotional for him—every ride, every win, now carried her memory. 'She never missed a race,' he once told me. 'And now, I believe she still watches, just from a bit higher up.' Still Hungry, Still Here At 43, many jockeys would be winding down. Not O'Shea. His hunger hasn't dulled—it's sharpened. He's fitter than ever, riding with the same fire he had in his twenties, but now with the wisdom of experience. What makes O'Shea different isn't just what he's won - it's what he's built. A legacy. A benchmark for what it means to be a professional in UAE racing. And a reputation that has endured across years, surfaces, and generations of horses and riders. The Irish rider hasn't just make a career in the Emirates - he has defined what that career could look like. And as the UAE continues to elevate its racing scene, it's hard to imagine it without the ever-smiling presence of Tadhg O'Shea.
