Fiat Chrysler Automobiles NV (FCAU) PT Raised to $19.00
Fiat Chrysler Automobiles NV (NYSE:FCAU) had its price target increased by equities researchers at Jefferies Group LLC from $14.00 to $19.00 in a report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Jefferies Group LLC’s target price points to a potential upside of 41.05% from the company’s previous close.
FCAU has been the subject of a number of other reports. Morgan Stanley upped their price target on shares of Fiat Chrysler Automobiles NV from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, April 28th. Zacks Investment Research lowered shares of Fiat Chrysler Automobiles NV from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Bank of America Corporation reiterated an “underperform” rating and issued a $9.00 price target (down from $10.00) on shares of Fiat Chrysler Automobiles NV in a research report on Friday, June 16th. BidaskClub upgraded shares of Fiat Chrysler Automobiles NV from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. Finally, Kepler Capital Markets upgraded shares of Fiat Chrysler Automobiles NV from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Fiat Chrysler Automobiles NV currently has a consensus rating of “Hold” and a consensus target price of $13.27.
Shares of Fiat Chrysler Automobiles NV (NYSE FCAU) opened at 13.47 on Wednesday. The firm’s 50-day moving average is $11.91 and its 200 day moving average is $11.10. Fiat Chrysler Automobiles NV has a 12 month low of $6.05 and a 12 month high of $13.57. The firm has a market capitalization of $20.71 billion, a P/E ratio of 6.23 and a beta of 1.72.
Fiat Chrysler Automobiles NV (NYSE:FCAU) last announced its earnings results on Thursday, July 27th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.17. The company had revenue of $27.93 billion during the quarter, compared to analyst estimates of $29.24 billion. Fiat Chrysler Automobiles NV had a net margin of 2.51% and a return on equity of 15.69%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 earnings per share. On average, equities research analysts anticipate that Fiat Chrysler Automobiles NV will post $2.59 EPS for the current year.
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A number of large investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers increased its stake in Fiat Chrysler Automobiles NV by 15.0% in the second quarter. Cetera Investment Advisers now owns 14,074 shares of the company’s stock worth $148,000 after buying an additional 1,840 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Fiat Chrysler Automobiles NV by 0.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 103,198 shares of the company’s stock valued at $1,088,000 after buying an additional 470 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Fiat Chrysler Automobiles NV during the second quarter valued at $22,197,000. Sciencast Management LP increased its stake in shares of Fiat Chrysler Automobiles NV by 20.1% in the second quarter. Sciencast Management LP now owns 22,019 shares of the company’s stock valued at $234,000 after buying an additional 3,689 shares in the last quarter. Finally, State Street Corp purchased a new stake in shares of Fiat Chrysler Automobiles NV during the second quarter valued at $2,505,000. 29.28% of the stock is currently owned by institutional investors.
About Fiat Chrysler Automobiles NV
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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