Fiat Chrysler Automobiles N.V. (FCAU) Lowered to “Hold” at Zacks Investment Research

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday, August 30th.

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. “

A number of other analysts have also recently weighed in on FCAU. Morgan Stanley lowered 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 report on Friday, June 9th. Jefferies Group LLC upped their price target on Fiat Chrysler Automobiles N.V. from $14.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. 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. BidaskClub upgraded Fiat Chrysler Automobiles N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. Finally, Bank of America Corporation reiterated 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 report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Fiat Chrysler Automobiles N.V. presently has an average rating of “Buy” and a consensus price target of $15.41.

Fiat Chrysler Automobiles N.V. (NYSE FCAU) traded up 2.05% on Wednesday, reaching $16.70. 2,906,996 shares of the company’s stock traded hands. The firm has a market capitalization of $25.68 billion, a P/E ratio of 7.76 and a beta of 1.67. Fiat Chrysler Automobiles N.V. has a 52 week low of $6.05 and a 52 week high of $16.77. The stock has a 50-day moving average of $13.80 and a 200 day moving average of $11.64.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last issued its earnings results on Thursday, July 27th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $27.93 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same period in the prior year, the company posted $0.45 earnings per share. Fiat Chrysler Automobiles N.V.’s revenue was up .1% on a year-over-year basis. On average, equities analysts expect that Fiat Chrysler Automobiles N.V. will post $2.62 EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the business. Harris Associates L P boosted its stake in shares of Fiat Chrysler Automobiles N.V. by 0.4% during the 2nd quarter. Harris Associates L P now owns 56,811,079 shares of the company’s stock worth $603,902,000 after acquiring an additional 215,789 shares during the period. AQR Capital Management LLC lifted its holdings in Fiat Chrysler Automobiles N.V. by 56.9% during the 1st quarter. AQR Capital Management LLC now owns 31,563,111 shares of the company’s stock worth $346,023,000 after purchasing an additional 11,450,245 shares during the last quarter. FMR LLC lifted its holdings in Fiat Chrysler Automobiles N.V. by 5.8% during the 2nd quarter. FMR LLC now owns 28,957,759 shares of the company’s stock worth $306,684,000 after purchasing an additional 1,580,544 shares during the last quarter. Vanguard Group Inc. raised its holdings in Fiat Chrysler Automobiles N.V. by 9.2% in the 2nd quarter. Vanguard Group Inc. now owns 27,193,557 shares of the company’s stock valued at $289,068,000 after acquiring an additional 2,299,117 shares in the last quarter. Finally, Dalal Street LLC raised its holdings in Fiat Chrysler Automobiles N.V. by 1.4% in the 2nd quarter. Dalal Street LLC now owns 13,109,310 shares of the company’s stock valued at $139,352,000 after acquiring an additional 187,180 shares in the last quarter. Hedge funds and other institutional investors own 28.78% of the company’s stock.

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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