Fiat Chrysler Automobiles N.V. (FCAU) Rating 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 research note issued to investors on Wednesday.

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. “

FCAU has been the subject of several other research reports. Kepler Capital Markets raised shares of Fiat Chrysler Automobiles N.V. from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Jefferies Group LLC lifted their price target on shares of Fiat Chrysler Automobiles N.V. from $14.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Bank of America Corporation raised shares of Fiat Chrysler Automobiles N.V. from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $9.00 to $18.00 in a research note on Monday. Morgan Stanley reissued an “overweight” rating and issued a $14.00 price objective on shares of Fiat Chrysler Automobiles N.V. in a research note on Monday, July 17th. Finally, BidaskClub raised shares of Fiat Chrysler Automobiles N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $15.41.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) traded down 0.13% during midday trading on Wednesday, reaching $14.80. 3,205,096 shares of the company’s stock traded hands. The company’s 50-day moving average price is $12.26 and its 200 day moving average price is $11.20. The stock has a market capitalization of $22.75 billion, a price-to-earnings ratio of 6.87 and a beta of 1.72. Fiat Chrysler Automobiles N.V. has a 52 week low of $6.05 and a 52 week high of $15.06.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.17. Fiat Chrysler Automobiles N.V. had a net margin of 2.51% and a return on equity of 15.69%. The firm had revenue of $27.93 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The company’s revenue was up .1% on a year-over-year basis. On average, equities research analysts expect that Fiat Chrysler Automobiles N.V. will post $2.61 earnings per share for the current year.

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

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

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