Fiat Chrysler Automobiles N.V. (NYSE:FCAU) Stock Rating Lowered by Zacks Investment Research

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research 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. “

Several other analysts have also recently commented on FCAU. 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 reduced their target price on shares of Fiat Chrysler Automobiles N.V. from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Friday, June 9th. 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. Jefferies Group LLC set a $14.00 target price on shares of Fiat Chrysler Automobiles N.V. and gave the stock a “buy” rating in a research note on Monday, May 22nd. Finally, 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 research note on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $12.55.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) traded down 0.83% on Wednesday, reaching $11.99. 3,632,301 shares of the company’s stock were exchanged. The firm 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 $18.43 billion, a P/E ratio of 5.60 and a beta of 1.71. Fiat Chrysler Automobiles N.V. has a 1-year low of $6.05 and a 1-year high of $12.17.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last released its earnings results on Thursday, July 27th. The company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.17. Fiat Chrysler Automobiles N.V. had a net margin of 2.51% and a return on equity of 15.94%. The company had revenue of $27.93 billion during the quarter, compared to analysts’ expectations of $29.24 billion. During the same quarter last year, the business earned $0.45 EPS. The business’s revenue was up .1% on a year-over-year basis. Equities research analysts expect that Fiat Chrysler Automobiles N.V. will post $2.52 earnings per share for the current year.

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Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. increased its position in shares of Fiat Chrysler Automobiles N.V. by 0.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 102,728 shares of the company’s stock worth $1,123,000 after buying an additional 400 shares in the last quarter. Greenleaf Trust increased its position in shares of Fiat Chrysler Automobiles N.V. by 3.2% in the second quarter. Greenleaf Trust now owns 17,251 shares of the company’s stock worth $183,000 after buying an additional 542 shares in the last quarter. US Bancorp DE increased its position in shares of 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 worth $120,000 after buying an additional 589 shares in the last quarter. Stifel Financial Corp increased its position in shares of Fiat Chrysler Automobiles N.V. by 4.1% in the first quarter. Stifel Financial Corp now owns 28,768 shares of the company’s stock worth $313,000 after buying an additional 1,138 shares in the last quarter. Finally, Ronald Blue & Co. LLC increased its position in shares of Fiat Chrysler Automobiles N.V. by 6.3% in the first quarter. Ronald Blue & Co. LLC now owns 19,852 shares of the company’s stock worth $217,000 after buying an additional 1,183 shares in the last quarter. Institutional investors and hedge funds own 29.29% of the company’s stock.

Analyst Recommendations for Fiat Chrysler Automobiles N.V. (NYSE:FCAU)

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