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 note issued to investors on Friday. They currently have $17.00 price target 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. “
FCAU has been the subject of a number of other reports. 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. Morgan Stanley increased their target price on shares of Fiat Chrysler Automobiles N.V. from $14.00 to $15.00 and gave the company an overweight rating in a research report on Friday, April 28th. Jefferies Group LLC increased their target price on shares of Fiat Chrysler Automobiles N.V. from $14.00 to $19.00 and gave the company a buy rating in a research report on Wednesday. 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. Finally, Bank of America Corporation reiterated an underperform rating and issued 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $14.13.
Shares of Fiat Chrysler Automobiles N.V. (NYSE FCAU) traded up 0.41% on Friday, reaching $14.85. 7,230,574 shares of the company traded hands. Fiat Chrysler Automobiles N.V. has a 1-year low of $6.05 and a 1-year high of $15.06. The firm has a market capitalization of $22.83 billion, a P/E ratio of 6.87 and a beta of 1.72. The stock has a 50-day moving average price of $12.26 and a 200 day moving average price of $11.20.
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 the Zacks’ consensus estimate of $0.59 by $0.17. The business had revenue of $27.93 billion during the quarter, compared to analysts’ expectations of $29.24 billion. Fiat Chrysler Automobiles N.V. had a net margin of 2.51% and a return on equity of 15.69%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share. Analysts anticipate that Fiat Chrysler Automobiles N.V. will post $2.61 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted 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 last quarter. Raymond James Financial Services Advisors Inc. boosted 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 last quarter. The Manufacturers Life Insurance Company purchased a new stake in Fiat Chrysler Automobiles N.V. during the second quarter valued at about $22,197,000. Sciencast Management LP boosted 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 last quarter. Finally, State Street Corp purchased a new stake in Fiat Chrysler Automobiles N.V. during the second quarter valued at about $2,505,000. Hedge funds and other institutional investors own 29.28% 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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