Fiat Chrysler Automobiles N.V. (FCAU) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) from a strong-buy rating to a hold rating in a report released on Wednesday morning.

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 analysts also recently issued reports on the company. Morgan Stanley restated an overweight rating and issued a $14.00 price target on shares of Fiat Chrysler Automobiles N.V. in a research note on Monday, July 17th. Bank of America Corporation reiterated an underperform rating and set a $9.00 target price (down from $10.00) on shares of Fiat Chrysler Automobiles N.V. in a research report on Friday, June 16th. Jefferies Group LLC set a $14.00 target price on Fiat Chrysler Automobiles N.V. and gave the company a buy rating in a research report on Monday, May 22nd. Kepler Capital Markets upgraded Fiat Chrysler Automobiles N.V. from a hold rating to a buy rating in a research report on Friday, July 28th. Finally, BidaskClub upgraded Fiat Chrysler Automobiles N.V. from a sell rating to a hold rating in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $15.41.

Fiat Chrysler Automobiles N.V. (NYSE FCAU) opened at 15.86 on Wednesday. The firm’s 50-day moving average price is $12.77 and its 200 day moving average price is $11.35. Fiat Chrysler Automobiles N.V. has a 1-year low of $6.05 and a 1-year high of $16.03. The firm has a market capitalization of $24.38 billion, a price-to-earnings ratio of 7.36 and a beta of 1.65.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.17. The business had revenue of $27.93 billion during the quarter, compared to the consensus estimate of $29.24 billion. Fiat Chrysler Automobiles N.V. had a return on equity of 15.69% and a net margin of 2.51%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. On average, analysts predict that Fiat Chrysler Automobiles N.V. will post $2.64 EPS for the current year.

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Several institutional investors have recently bought and sold shares of FCAU. Ray Gerald L & Associates Ltd. boosted its position in Fiat Chrysler Automobiles N.V. by 21.8% in the first quarter. Ray Gerald L & Associates Ltd. now owns 27,900 shares of the company’s stock worth $305,000 after buying an additional 5,000 shares during the period. Suntrust Banks Inc. acquired a new position in Fiat Chrysler Automobiles N.V. during the first quarter worth approximately $229,000. Bank of New York Mellon Corp boosted its position in Fiat Chrysler Automobiles N.V. by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 2,843,922 shares of the company’s stock worth $31,084,000 after buying an additional 159,067 shares during the period. Wellington Shields Capital Management LLC acquired a new position in Fiat Chrysler Automobiles N.V. during the first quarter worth approximately $398,000. Finally, US Bancorp DE boosted its position in Fiat Chrysler Automobiles N.V. by 5.7% in the first quarter. US Bancorp DE now owns 10,892 shares of the company’s stock worth $120,000 after buying an additional 589 shares during the period. 28.95% of the stock is owned by institutional investors.

Fiat Chrysler Automobiles N.V. Company Profile

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.

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Analyst Recommendations for Fiat Chrysler Automobiles N.V. (NYSE:FCAU)




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