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. “
Other research analysts have also issued reports about the company. Jefferies Group LLC set a $14.00 target price on Fiat Chrysler Automobiles N.V. and gave the stock a “buy” rating in a research report on Monday, May 22nd. Morgan Stanley lowered their price objective on Fiat Chrysler Automobiles N.V. from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, June 9th. Kepler Capital Markets raised Fiat Chrysler Automobiles N.V. from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Bank of America Corporation raised Fiat Chrysler Automobiles N.V. from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $9.00 to $18.00 in a report on Monday, August 28th. Finally, BidaskClub raised Fiat Chrysler Automobiles N.V. from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $15.41.
Fiat Chrysler Automobiles N.V. (NYSE:FCAU) traded down 0.30% during midday trading on Wednesday, hitting $16.66. 3,523,515 shares of the stock were exchanged. The stock has a market cap of $25.61 billion, a P/E ratio of 7.73 and a beta of 1.67. The firm has a 50-day moving average price of $13.94 and a 200-day moving average price of $11.68. Fiat Chrysler Automobiles N.V. has a one year low of $6.05 and a one year high of $16.77.
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, topping the consensus estimate 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 company had revenue of $27.93 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same period in the prior year, the firm posted $0.45 EPS. The business’s revenue was up .1% compared to the same quarter last year. On average, equities research analysts anticipate that Fiat Chrysler Automobiles N.V. will post $2.62 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently modified their holdings of FCAU. Creative Planning raised its holdings in shares of Fiat Chrysler Automobiles N.V. by 34.4% in the 1st quarter. Creative Planning now owns 24,577 shares of the company’s stock worth $269,000 after buying an additional 6,284 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Fiat Chrysler Automobiles N.V. by 34.9% in the 1st quarter. Bank of Montreal Can now owns 196,202 shares of the company’s stock worth $2,144,000 after buying an additional 50,714 shares in the last quarter. Waldron LP acquired a new position in shares of Fiat Chrysler Automobiles N.V. in the 1st quarter worth approximately $382,000. Acadian Asset Management LLC acquired a new stake in Fiat Chrysler Automobiles N.V. during the 1st quarter valued at $1,298,000. Finally, Wetherby Asset Management Inc. increased its holdings in Fiat Chrysler Automobiles N.V. by 5.2% during the 1st quarter. Wetherby Asset Management Inc. now owns 28,427 shares of the company’s stock valued at $311,000 after purchasing an additional 1,412 shares in the last quarter. 28.78% of the stock is owned by institutional investors and hedge funds.
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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