Fiat Chrysler Automobiles N.V. (NYSE:FCAU) was upgraded by stock analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating in a report released on Wednesday, Marketbeat.com reports. The brokerage presently has a $10.00 price objective on the stock, down from their prior price objective of $15.53. Barclays PLC’s price objective points to a potential downside of 38.69% from the stock’s previous close.

A number of other research analysts have also recently weighed in on FCAU. Zacks Investment Research cut shares of Fiat Chrysler Automobiles N.V. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Morgan Stanley dropped their target price on shares of 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 boosted their target price on shares of Fiat Chrysler Automobiles N.V. from $14.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Kepler Capital Markets upgraded shares of Fiat Chrysler Automobiles N.V. from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Finally, BidaskClub upgraded shares of Fiat Chrysler Automobiles N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.41.

Fiat Chrysler Automobiles N.V. (NYSE FCAU) traded down 0.43% on Wednesday, reaching $16.31. 3,859,880 shares of the company’s stock traded hands. The company’s 50 day moving average is $13.27 and its 200-day moving average is $11.49. The stock has a market cap of $25.07 billion, a price-to-earnings ratio of 7.57 and a beta of 1.67. Fiat Chrysler Automobiles N.V. has a 52-week low of $6.05 and a 52-week high of $16.46.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last released its earnings results on Thursday, July 27th. The company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.17. The firm had revenue of $27.93 billion for the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 earnings per share. Equities analysts expect that Fiat Chrysler Automobiles N.V. will post $2.64 EPS for the current year.

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Hedge funds have recently made changes to their positions in the stock. Harris Associates L P increased its holdings in Fiat Chrysler Automobiles N.V. by 0.4% during the 2nd quarter. Harris Associates L P now owns 56,811,079 shares of the company’s stock worth $603,902,000 after acquiring an additional 215,789 shares during the period. AQR Capital Management LLC increased its holdings in Fiat Chrysler Automobiles N.V. by 56.9% during the 1st quarter. AQR Capital Management LLC now owns 31,563,111 shares of the company’s stock worth $346,023,000 after acquiring an additional 11,450,245 shares during the period. FMR LLC increased its holdings in Fiat Chrysler Automobiles N.V. by 5.8% during the 2nd quarter. FMR LLC now owns 28,957,759 shares of the company’s stock worth $306,684,000 after acquiring an additional 1,580,544 shares during the period. Vanguard Group Inc. increased its holdings in Fiat Chrysler Automobiles N.V. by 9.2% during the 2nd quarter. Vanguard Group Inc. now owns 27,193,557 shares of the company’s stock worth $289,068,000 after acquiring an additional 2,299,117 shares during the period. Finally, Dalal Street LLC increased its holdings in Fiat Chrysler Automobiles N.V. by 1.4% during the 2nd quarter. Dalal Street LLC now owns 13,109,310 shares of the company’s stock worth $139,352,000 after acquiring an additional 187,180 shares during the period. Institutional investors own 28.78% of the company’s stock.

About Fiat Chrysler Automobiles N.V.

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.

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

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