Fiat Chrysler Automobiles N.V. (FCAU) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) from a strong-buy rating to a hold rating in a research report report published 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 research firms also recently commented on FCAU. Bank of America Corporation reaffirmed an underperform rating and issued a $9.00 price objective (down previously from $10.00) on shares of Fiat Chrysler Automobiles N.V. in a research note on Friday, June 16th. Morgan Stanley decreased their price objective on Fiat Chrysler Automobiles N.V. from $15.00 to $14.00 and set an overweight rating on the stock in a research note on Friday, June 9th. Jefferies Group LLC set a $14.00 price objective on Fiat Chrysler Automobiles N.V. and gave the stock a buy rating in a research note on Monday, May 22nd. BidaskClub raised Fiat Chrysler Automobiles N.V. from a sell rating to a hold rating in a research note on Friday, June 23rd. Finally, Kepler Capital Markets raised Fiat Chrysler Automobiles N.V. from a hold rating to a buy rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $15.41.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) opened at 15.86 on Wednesday. Fiat Chrysler Automobiles N.V. has a 12-month low of $6.05 and a 12-month high of $16.03. The firm’s 50-day moving average price is $12.77 and its 200-day moving average price is $11.35. The stock has a market cap 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 posted its quarterly earnings data on Thursday, July 27th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.59 by $0.17. Fiat Chrysler Automobiles N.V. had a return on equity of 15.69% and a net margin of 2.51%. The firm had revenue of $27.93 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter last year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts predict that Fiat Chrysler Automobiles N.V. will post $2.64 EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the stock. Investment Centers of America Inc. acquired a new stake in shares of Fiat Chrysler Automobiles N.V. during the first quarter valued at about $110,000. FormulaFolio Investments LLC acquired a new stake in shares of Fiat Chrysler Automobiles N.V. during the first quarter valued at about $114,000. Ballentine Partners LLC acquired a new stake in shares of Fiat Chrysler Automobiles N.V. during the second quarter valued at about $117,000. US Bancorp DE increased its stake in shares of 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 valued at $120,000 after buying an additional 589 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Fiat Chrysler Automobiles N.V. during the first quarter valued at about $124,000. 28.95% of the stock is currently owned by institutional investors.

About Fiat Chrysler Automobiles N.V.

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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