Fiat Chrysler Automobiles N.V. (NYSE:FCAU) Downgraded 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 report issued 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. “

A number of other equities research analysts have also recently issued reports on the company. Bank of America Corporation upgraded Fiat Chrysler Automobiles N.V. from an “underperform” rating to a “neutral” rating and raised their target price for the company from $9.00 to $18.00 in a research note on Monday, August 28th. Jefferies Group LLC lifted their price objective 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. Kepler Capital Markets upgraded shares of Fiat Chrysler Automobiles N.V. from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Morgan Stanley restated an “overweight” rating and set a $14.00 price objective on shares of Fiat Chrysler Automobiles N.V. in a research note on Monday, July 17th. Finally, BidaskClub upgraded shares of Fiat Chrysler Automobiles N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Fiat Chrysler Automobiles N.V. currently has an average rating of “Buy” and a consensus price target of $15.41.

Shares of Fiat Chrysler Automobiles N.V. (NYSE FCAU) opened at 16.37 on Wednesday. Fiat Chrysler Automobiles N.V. has a 52-week low of $6.05 and a 52-week high of $16.46. The stock has a market cap of $25.17 billion, a PE ratio of 7.60 and a beta of 1.67. The company’s 50-day moving average is $13.53 and its 200-day moving average is $11.57.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.17. The firm had revenue of $27.93 billion for the quarter, compared to analysts’ expectations of $29.24 billion. Fiat Chrysler Automobiles N.V. had a return on equity of 15.69% and a net margin of 2.51%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the business posted $0.45 earnings per share. Equities analysts anticipate that Fiat Chrysler Automobiles N.V. will post $2.62 EPS for the current year.

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Several institutional investors have recently made changes to their positions in FCAU. Investment Centers of America Inc. acquired a new stake in Fiat Chrysler Automobiles N.V. in the 1st quarter worth approximately $110,000. Ballentine Partners LLC acquired a new stake in Fiat Chrysler Automobiles N.V. in the 2nd quarter worth approximately $117,000. FormulaFolio Investments LLC acquired a new stake in Fiat Chrysler Automobiles N.V. in the 1st quarter worth approximately $114,000. US Bancorp DE lifted its holdings in Fiat Chrysler Automobiles N.V. by 5.7% in the 1st quarter. US Bancorp DE now owns 10,892 shares of the company’s stock worth $120,000 after purchasing an additional 589 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in Fiat Chrysler Automobiles N.V. in the 1st quarter worth approximately $124,000. Institutional investors and hedge funds own 28.78% of the company’s stock.

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.

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