Zacks Investment Research Downgrades Fiat Chrysler Automobiles N.V. (FCAU) to Sell

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 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 research analysts also recently commented on FCAU. Morgan Stanley reduced 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 upgraded Fiat Chrysler Automobiles N.V. from a “hold” rating to a “buy” rating in a report on Friday, July 28th. BidaskClub upgraded Fiat Chrysler Automobiles N.V. from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Jefferies Group LLC set a $14.00 price objective on Fiat Chrysler Automobiles N.V. and gave the stock a “buy” rating in a report on Monday, May 22nd. Finally, Bank of America Corporation restated an “underperform” rating and set a $9.00 price objective (down from $10.00) on shares of Fiat Chrysler Automobiles N.V. in a report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.55.

Shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) opened at 12.48 on Wednesday. The company’s 50 day moving average price is $11.78 and its 200 day moving average price is $11.07. The company has a market capitalization of $19.19 billion, a price-to-earnings ratio of 5.75 and a beta of 1.72. Fiat Chrysler Automobiles N.V. has a 52-week low of $6.05 and a 52-week high of $12.91.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.59 by $0.17. The company had revenue of $27.93 billion for the quarter, compared to the consensus estimate of $29.24 billion. Fiat Chrysler Automobiles N.V. had a return on equity of 15.69% and a net margin of 2.51%. Fiat Chrysler Automobiles N.V.’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS. On average, analysts predict that Fiat Chrysler Automobiles N.V. will post $2.59 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Camelot Portfolios LLC bought a new position in shares of Fiat Chrysler Automobiles N.V. during the first quarter worth about $750,000. Wells Fargo & Company MN increased its position in shares of Fiat Chrysler Automobiles N.V. by 13.8% in the first quarter. Wells Fargo & Company MN now owns 389,951 shares of the company’s stock worth $4,262,000 after buying an additional 47,137 shares in the last quarter. Greenleaf Trust increased its position in shares of Fiat Chrysler Automobiles N.V. by 6.6% in the first quarter. Greenleaf Trust now owns 16,709 shares of the company’s stock worth $183,000 after buying an additional 1,040 shares in the last quarter. Wetherby Asset Management Inc. increased its position in shares of Fiat Chrysler Automobiles N.V. by 5.2% in the first quarter. Wetherby Asset Management Inc. now owns 28,427 shares of the company’s stock worth $311,000 after buying an additional 1,412 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Fiat Chrysler Automobiles N.V. by 25.0% in the first quarter. Russell Investments Group Ltd. now owns 17,605,184 shares of the company’s stock worth $192,562,000 after buying an additional 3,524,249 shares in the last quarter. Institutional investors and hedge funds own 29.28% of the company’s stock.

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




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