Fiat Chrysler Automobiles N.V. (NYSE:FCAU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a 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. “
Other equities research analysts also recently issued reports about the stock. Morgan Stanley upped their target price on shares of Fiat Chrysler Automobiles N.V. from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, April 28th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Fiat Chrysler Automobiles N.V. in a research report on Thursday, April 20th. BidaskClub upgraded shares of Fiat Chrysler Automobiles N.V. from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Bank of America Corporation restated an “underperform” rating and issued a $9.00 target price (down previously from $10.00) on shares of Fiat Chrysler Automobiles N.V. in a report on Friday, June 16th. Finally, Kepler Capital Markets upgraded shares of Fiat Chrysler Automobiles N.V. from a “hold” rating to a “buy” rating in a report on Friday, July 28th. 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 assigned a strong buy rating to the company. Fiat Chrysler Automobiles N.V. has a consensus rating of “Hold” and an average price target of $12.55.
Fiat Chrysler Automobiles N.V. (NYSE FCAU) opened at 11.94 on Wednesday. The stock has a 50 day moving average price of $11.31 and a 200-day moving average price of $10.93. The company has a market capitalization of $18.35 billion, a price-to-earnings ratio of 5.58 and a beta of 1.72. Fiat Chrysler Automobiles N.V. has a 12-month low of $6.05 and a 12-month high of $12.17.
Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last posted 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. The company had revenue of $27.93 billion for the quarter, compared to analyst estimates of $29.24 billion. Fiat Chrysler Automobiles N.V. had a net margin of 2.51% and a return on equity of 15.69%. Fiat Chrysler Automobiles N.V.’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. Equities analysts predict that Fiat Chrysler Automobiles N.V. will post $2.59 EPS for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of FCAU. Investment Centers of America Inc. acquired a new position in Fiat Chrysler Automobiles N.V. during the first quarter valued at $110,000. Ballentine Partners LLC acquired a new position in Fiat Chrysler Automobiles N.V. during the second quarter valued at $117,000. FormulaFolio Investments LLC acquired a new position in Fiat Chrysler Automobiles N.V. during the first quarter valued at $114,000. CAPROCK Group Inc. acquired a new position in Fiat Chrysler Automobiles N.V. during the first quarter valued at $115,000. Finally, US Bancorp DE increased its position 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 valued at $120,000 after buying an additional 589 shares during the period. Hedge funds and other institutional investors own 29.29% of the company’s stock.
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