Fiat Chrysler Automobiles N.V. (NYSE:FCAU) Lifted to Strong-Buy at Zacks Investment Research

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 report report published on Friday, August 25th. 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. “

Other equities research analysts also recently issued reports about the company. Jefferies Group LLC set a $14.00 price target on Fiat Chrysler Automobiles N.V. and gave the stock a buy rating in a report on Monday, May 22nd. Morgan Stanley lowered their price target on Fiat Chrysler Automobiles N.V. from $15.00 to $14.00 and set an overweight rating for the company in a report on Friday, June 9th. Kepler Capital Markets upgraded Fiat Chrysler Automobiles N.V. from a hold rating to a buy rating in a report on Friday, July 28th. Bank of America Corporation restated an underperform rating and issued a $9.00 price target (down from $10.00) on shares of Fiat Chrysler Automobiles N.V. in a report on Friday, June 16th. Finally, BidaskClub upgraded 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $15.41.

Fiat Chrysler Automobiles N.V. (FCAU) traded up 0.12% during trading on Friday, reaching $16.37. The company’s stock had a trading volume of 4,077,580 shares. Fiat Chrysler Automobiles N.V. has a 52 week low of $6.05 and a 52 week high of $16.46. The firm has a market cap of $25.17 billion, a P/E ratio of 7.60 and a beta of 1.67. The stock’s 50 day moving average is $13.40 and its 200-day moving average is $11.53.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.76 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the prior year, the company earned $0.45 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities research analysts forecast that Fiat Chrysler Automobiles N.V. will post $2.62 earnings per share for the current fiscal year.

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Several large investors have recently bought and sold shares of the stock. Harris Associates L P grew its holdings in shares of Fiat Chrysler Automobiles N.V. by 0.4% during the second quarter. Harris Associates L P now owns 56,811,079 shares of the company’s stock worth $603,902,000 after buying an additional 215,789 shares in the last quarter. AQR Capital Management LLC grew its stake in Fiat Chrysler Automobiles N.V. by 56.9% in the first quarter. AQR Capital Management LLC now owns 31,563,111 shares of the company’s stock valued at $346,023,000 after purchasing an additional 11,450,245 shares in the last quarter. FMR LLC grew its stake in Fiat Chrysler Automobiles N.V. by 5.8% in the second quarter. FMR LLC now owns 28,957,759 shares of the company’s stock valued at $306,684,000 after purchasing an additional 1,580,544 shares in the last quarter. Vanguard Group Inc. grew its stake in Fiat Chrysler Automobiles N.V. by 9.2% in the second quarter. Vanguard Group Inc. now owns 27,193,557 shares of the company’s stock valued at $289,068,000 after purchasing an additional 2,299,117 shares in the last quarter. Finally, Dalal Street LLC grew its stake in Fiat Chrysler Automobiles N.V. by 1.4% in the second quarter. Dalal Street LLC now owns 13,109,310 shares of the company’s stock valued at $139,352,000 after purchasing an additional 187,180 shares in the last quarter. 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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Analyst Recommendations for Fiat Chrysler Automobiles N.V. (NYSE:FCAU)




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