Zacks Investment Research upgraded shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) from a sell rating to a strong-buy rating in a report published on Friday, August 25th. They currently have $17.00 target price 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. “
Several other analysts have also issued reports on the stock. Morgan Stanley increased their price target on shares of Fiat Chrysler Automobiles N.V. from $14.00 to $15.00 and gave the stock an overweight rating in a research report on Friday, April 28th. Bank of America Corporation reissued an underperform rating and issued a $9.00 price objective (down previously from $10.00) on shares of Fiat Chrysler Automobiles N.V. in a research note on Friday, June 16th. Jefferies Group LLC set a $14.00 price objective on shares of Fiat Chrysler Automobiles N.V. and gave the company a buy rating in a research note on Monday, May 22nd. BidaskClub raised shares of Fiat Chrysler Automobiles N.V. from a sell rating to a hold rating in a research note on Friday, June 23rd. Finally, Kepler Capital Markets raised shares of Fiat Chrysler Automobiles N.V. from a hold rating to a buy rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $15.41.
Fiat Chrysler Automobiles N.V. (NYSE FCAU) opened at 16.31 on Friday. Fiat Chrysler Automobiles N.V. has a 12-month low of $6.05 and a 12-month high of $16.46. The stock has a 50 day moving average price of $13.27 and a 200-day moving average price of $11.49. The firm has a market capitalization of $25.07 billion, a PE ratio of 7.57 and a beta of 1.67.
Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last posted its quarterly earnings results 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 business had revenue of $27.93 billion for the quarter, compared to analyst estimates 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 firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. On average, equities research analysts forecast that Fiat Chrysler Automobiles N.V. will post $2.64 EPS for the current year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers grew its holdings 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 worth $148,000 after purchasing an additional 1,840 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings 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 worth $1,088,000 after purchasing an additional 470 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in Fiat Chrysler Automobiles N.V. in the second quarter worth $22,197,000. Sciencast Management LP grew its holdings 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 worth $234,000 after purchasing an additional 3,689 shares during the period. Finally, State Street Corp acquired a new stake in Fiat Chrysler Automobiles N.V. in the second quarter worth $2,505,000. 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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