Fiat Chrysler Automobiles N.V. (FCAU) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) from a hold rating to a sell rating in a research report report published 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. “

Several other brokerages have also weighed in on FCAU. Morgan Stanley reiterated an overweight rating and set a $14.00 target price on shares of Fiat Chrysler Automobiles N.V. in a research report on Monday, July 17th. Kepler Capital Markets upgraded shares of Fiat Chrysler Automobiles N.V. from a hold rating to a buy rating in a research report on Friday, July 28th. BidaskClub upgraded shares of Fiat Chrysler Automobiles N.V. from a sell rating to a hold rating in a research report on Friday, June 23rd. Jefferies Group LLC set a $14.00 target price on shares of Fiat Chrysler Automobiles N.V. and gave the company a buy rating in a research report on Monday, May 22nd. Finally, 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. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $12.55.

Fiat Chrysler Automobiles N.V. (NYSE FCAU) opened at 12.57 on Wednesday. The firm has a 50-day moving average of $11.83 and a 200-day moving average of $11.08. The company has a market cap of $19.32 billion, a PE ratio of 5.79 and a beta of 1.72. Fiat Chrysler Automobiles N.V. has a one year low of $6.05 and a one year high of $12.91.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last issued its earnings results on Thursday, July 27th. The company reported $0.76 earnings per share for the quarter, beating the 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 business had revenue of $27.93 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same period in the previous year, the business earned $0.45 EPS. The firm’s revenue was up .1% on a year-over-year basis. On average, analysts predict that Fiat Chrysler Automobiles N.V. will post $2.58 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by BBNS and is owned by of BBNS. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://baseballnewssource.com/markets/fiat-chrysler-automobiles-n-v-fcau-rating-lowered-to-sell-at-zacks-investment-research/1510500.html.

Several institutional investors have recently made changes to their positions in FCAU. Zweig DiMenna Associates LLC raised its position in shares of Fiat Chrysler Automobiles N.V. by 2.0% in the second quarter. Zweig DiMenna Associates LLC now owns 15,200 shares of the company’s stock worth $162,000 after buying an additional 300 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Fiat Chrysler Automobiles N.V. by 0.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 102,728 shares of the company’s stock worth $1,123,000 after buying an additional 400 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Fiat Chrysler Automobiles N.V. by 3.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,222 shares of the company’s stock worth $141,000 after buying an additional 430 shares during the period. Greenleaf Trust increased its stake in Fiat Chrysler Automobiles N.V. by 3.2% in the second quarter. Greenleaf Trust now owns 17,251 shares of the company’s stock worth $183,000 after buying an additional 542 shares during the period. Finally, US Bancorp DE increased its stake 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. Institutional investors own 29.28% of the company’s stock.

Get a free copy of the Zacks research report on Fiat Chrysler Automobiles N.V. (FCAU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Fiat Chrysler Automobiles N.V. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Fiat Chrysler Automobiles N.V. and related companies with our FREE daily email newsletter.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

one + nine =