Fiat Chrysler Automobiles N.V. (FCAU) Lifted to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) from a sell rating to a strong-buy rating in a research report released on Friday morning. Zacks Investment Research currently has $17.00 target price on the stock.

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. “

Other equities analysts have also recently issued reports about the company. Bank of America Corporation reaffirmed an underperform rating and issued a $9.00 price target (down from $10.00) on shares of Fiat Chrysler Automobiles N.V. in a research note on Friday, June 16th. Morgan Stanley decreased their price target 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 target 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Fiat Chrysler Automobiles N.V. presently has an average rating of Buy and an average price target of $14.13.

Shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) opened at 14.85 on Friday. Fiat Chrysler Automobiles N.V. has a 52-week low of $6.05 and a 52-week high of $15.06. The firm has a market cap of $22.83 billion, a PE ratio of 6.87 and a beta of 1.72. The firm has a 50-day moving average of $12.26 and a 200 day moving average of $11.20.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last released its earnings results on Thursday, July 27th. The company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.17. The company 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%. Fiat Chrysler Automobiles N.V.’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. On average, equities analysts predict that Fiat Chrysler Automobiles N.V. will post $2.61 earnings per share for the current year.

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A number of large investors have recently added to or reduced their stakes in FCAU. Cetera Investment Advisers increased its stake in Fiat Chrysler Automobiles N.V. by 15.0% in the second quarter. Cetera Investment Advisers now owns 14,074 shares of the company’s stock valued at $148,000 after buying an additional 1,840 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Fiat Chrysler Automobiles N.V. by 0.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 103,198 shares of the company’s stock valued at $1,088,000 after buying an additional 470 shares during the period. The Manufacturers Life Insurance Company bought a new stake in Fiat Chrysler Automobiles N.V. during the second quarter valued at approximately $22,197,000. Sciencast Management LP increased its stake in Fiat Chrysler Automobiles N.V. by 20.1% in the second quarter. Sciencast Management LP now owns 22,019 shares of the company’s stock valued at $234,000 after buying an additional 3,689 shares during the period. Finally, State Street Corp bought a new stake in Fiat Chrysler Automobiles N.V. during the second quarter valued at approximately $2,505,000. 28.95% of the stock is currently owned by institutional investors and hedge funds.

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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