Fiat Chrysler Automobiles N.V. (NYSE:FCAU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, June 20th.
According to Zacks, “Fiat Chrysler Automobiles NV operates as an international automotive company. It is engaged in designing, engineering, manufacturing, distributing and selling vehicles and components and production systems. The Company operates under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. It also produces metallurgical products and production systems for the automobile industry, and owns publishing and insurance companies. Fiat Chrysler Automobiles NV is based in United Kingdom. “
Several other equities analysts also recently commented on the stock. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Fiat Chrysler Automobiles N.V. in a report on Friday, March 17th. Vetr downgraded shares of Fiat Chrysler Automobiles N.V. from a “buy” rating to a “hold” rating and set a $12.00 price target on the stock. in a report on Thursday, March 16th. Morgan Stanley upped their target price on shares of Fiat Chrysler Automobiles N.V. from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, April 28th. Jefferies Group LLC set a $14.00 price objective on shares of Fiat Chrysler Automobiles N.V. and gave the company a “buy” rating in a research note on Monday, May 22nd. Finally, Bank of America Corporation reissued an “underperform” rating and set a $9.00 target price (down previously from $10.00) on shares of Fiat Chrysler Automobiles N.V. in a research report on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Fiat Chrysler Automobiles N.V. currently has a consensus rating of “Hold” and an average target price of $12.55.
Fiat Chrysler Automobiles N.V. (FCAU) traded down 1.714% during midday trading on Tuesday, reaching $11.755. The company’s stock had a trading volume of 3,856,604 shares. The firm has a 50 day moving average price of $11.10 and a 200 day moving average price of $10.82. The firm has a market cap of $18.07 billion, a P/E ratio of 7.997 and a beta of 1.67. Fiat Chrysler Automobiles N.V. has a one year low of $6.01 and a one year high of $12.07.
Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last announced its quarterly earnings results on Wednesday, April 26th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.41 by $0.05. The business had revenue of $27.72 billion for the quarter, compared to analysts’ expectations of $27.51 billion. Fiat Chrysler Automobiles N.V. had a net margin of 1.76% and a return on equity of 14.39%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 EPS. Equities research analysts forecast that Fiat Chrysler Automobiles N.V. will post $2.50 EPS for the current fiscal year.
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Institutional investors have recently bought and sold shares of the company. Wexford Capital LP acquired a new position in Fiat Chrysler Automobiles N.V. during the fourth quarter valued at $101,000. Investment Centers of America Inc. acquired a new position in Fiat Chrysler Automobiles N.V. during the first quarter valued at $110,000. FormulaFolio Investments LLC acquired a new position in Fiat Chrysler Automobiles N.V. during the first quarter valued at $114,000. CAPROCK Group Inc. acquired a new position in Fiat Chrysler Automobiles N.V. during the first quarter valued at $115,000. Finally, Gabelli Funds LLC acquired a new position in Fiat Chrysler Automobiles N.V. during the fourth quarter valued at $119,000. 29.54% of the stock is currently owned by hedge funds and other institutional investors.
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