|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's range||242.50 - 247.26|
|52-week range||183.82 - 278.78|
|Beta (5Y monthly)||0.90|
|PE ratio (TTM)||45.27|
|Earnings date||31 Jan 2018 - 05 Feb 2018|
|Forward dividend & yield||1.04 (0.42%)|
|Ex-dividend date||19 Apr 2021|
|1y target est||212.36|
Ferrari (NYSE: RACE) on Monday announced a revamped management team as its new CEO prepares to lead the iconic supercar company into a new era of electrified, connected vehicles. CEO Benedetto Vigna joined Ferrari from Swiss semiconductor maker STMicroelectronics (NYSE: STM) in September with a mandate to lead the company through that tech-driven transformation. This leadership overhaul is Vigna's first major move.
Ferrari on Monday unveiled a new organisation and leadership changes to help it streamline processes, in the first major move by the sportscar maker's new chief executive as the company embraces electrification. Benedetto Vigna, a tech industry veteran and a former top executive at chip maker STMicroelectronics, took the CEO role in September with a task to drive Ferrari into a new era of cleaner, quieter and interconnected mobility. The new structure, designed to sharpen Ferrari's technology focus and product exclusivity, will see more key operations segments directly report to the CEO, including "Product Development and Research & Development", "Digital & Data" and "Technologies & Infrastructures", the company said.
The auto sector was a surprise performer over the last year, with the top auto index performing a 53% return, and it may continue to outperform this year, as well