Fiat Chrysler Automobiles NV (NYSE:FCAU) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $7.32 target price on the stock. Vetr‘s price target suggests a potential upside of 16.01% from the stock’s current price.

Several other brokerages have also weighed in on FCAU. Zacks Investment Research raised shares of Fiat Chrysler Automobiles NV from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Jefferies Group initiated coverage on shares of Fiat Chrysler Automobiles NV in a research note on Tuesday, August 9th. They issued a “buy” rating for the company. Goldman Sachs Group Inc. lowered shares of Fiat Chrysler Automobiles NV from a “conviction-buy” rating to a “buy” rating in a research note on Monday, June 27th. Barclays PLC lowered shares of Fiat Chrysler Automobiles NV from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $10.00 to $5.50 in a research note on Wednesday, July 6th. Finally, Morgan Stanley initiated coverage on shares of Fiat Chrysler Automobiles NV in a research note on Thursday, August 25th. They issued an “outperform” rating for the company. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $7.71.

Analyst Recommendations for Fiat Chrysler Automobiles NV (NYSE:FCAU)

Fiat Chrysler Automobiles NV (NYSE:FCAU) opened at 6.31 on Wednesday. The firm’s 50-day moving average is $6.73 and its 200-day moving average is $7.08. Fiat Chrysler Automobiles NV has a 52 week low of $5.45 and a 52 week high of $10.89. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of 12.04 and a beta of 1.80.

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Fiat Chrysler Automobiles NV (NYSE:FCAU) last announced its earnings results on Wednesday, July 27th. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The company earned $27.89 billion during the quarter, compared to analyst estimates of $28.89 billion. Fiat Chrysler Automobiles NV had a net margin of 0.67% and a return on equity of 16.12%. Fiat Chrysler Automobiles NV’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 earnings per share. On average, equities analysts anticipate that Fiat Chrysler Automobiles NV will post $1.62 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its position in shares of Fiat Chrysler Automobiles NV by 453.7% in the second quarter. BNP Paribas Arbitrage SA now owns 113,959 shares of the company’s stock worth $697,000 after buying an additional 93,377 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Fiat Chrysler Automobiles NV by 2.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,259 shares of the company’s stock worth $138,000 after buying an additional 450 shares in the last quarter. LPL Financial LLC boosted its stake in Fiat Chrysler Automobiles NV by 16.8% in the first quarter. LPL Financial LLC now owns 24,906 shares of the company’s stock worth $183,000 after buying an additional 3,586 shares during the last quarter. Moore Capital Management LP bought a new stake in Fiat Chrysler Automobiles NV during the first quarter worth $807,000. Finally, AMP Capital Investors Ltd boosted its stake in Fiat Chrysler Automobiles NV by 29.0% in the first quarter. AMP Capital Investors Ltd now owns 999,807 shares of the company’s stock worth $8,249,000 after buying an additional 224,535 shares during the last quarter. Institutional investors own 26.64% of the company’s stock.

Fiat Chrysler Automobiles NV Company Profile

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