Shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) have been given a consensus recommendation of “Hold” by the fourteen research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $11.88.

FCAU has been the topic of several analyst reports. Zacks Investment Research downgraded Fiat Chrysler Automobiles N.V. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Bank of America Corporation reiterated an “underperform” rating and issued a $9.00 target price (down from $10.00) on shares of Fiat Chrysler Automobiles N.V. in a research note on Friday, June 16th. Morgan Stanley lowered their target price on Fiat Chrysler Automobiles N.V. from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Friday, June 9th. Jefferies Group LLC set a $14.00 target price on Fiat Chrysler Automobiles N.V. and gave the company a “buy” rating in a research note on Monday, May 22nd. Finally, BidaskClub upgraded Fiat Chrysler Automobiles N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd.

Hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its stake in Fiat Chrysler Automobiles N.V. by 88.3% in the first quarter. FMR LLC now owns 27,377,215 shares of the company’s stock valued at $299,304,000 after buying an additional 12,837,115 shares in the last quarter. AQR Capital Management LLC boosted 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 buying an additional 11,450,245 shares in the last quarter. SRS Investment Management LLC boosted its stake in Fiat Chrysler Automobiles N.V. by 1,315.8% in the first quarter. SRS Investment Management LLC now owns 10,680,904 shares of the company’s stock valued at $116,742,000 after buying an additional 9,926,516 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Fiat Chrysler Automobiles N.V. by 118.4% in the second quarter. Renaissance Technologies LLC now owns 8,320,100 shares of the company’s stock valued at $88,443,000 after buying an additional 4,510,540 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in 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 valued at $192,562,000 after buying an additional 3,524,249 shares in the last quarter. 29.28% of the stock is owned by institutional investors and hedge funds.

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Fiat Chrysler Automobiles N.V. (NYSE FCAU) opened at 12.48 on Friday. The firm has a market capitalization of $19.19 billion, a P/E ratio of 5.75 and a beta of 1.72. Fiat Chrysler Automobiles N.V. has a one year low of $6.05 and a one year high of $12.91. The firm has a 50-day moving average price of $11.78 and a 200-day moving average price of $11.07.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last announced its earnings results on Thursday, July 27th. The company reported $0.76 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $29.24 billion. During the same period last year, the business posted $0.45 EPS. The company’s revenue was up .1% on a year-over-year basis. Equities analysts anticipate that Fiat Chrysler Automobiles N.V. will post $2.59 earnings per share for the current year.

About Fiat Chrysler Automobiles N.V.

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

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