Fiat Chrysler Automobiles N.V. (NYSE:FCAU) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday. The firm presently has a $19.00 price target on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 14.80% from the company’s previous close.

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 equities analysts have also recently weighed in on the company. Bank of America Corporation upgraded Fiat Chrysler Automobiles N.V. from an “underperform” rating to a “neutral” rating and raised their price target for the company from $9.00 to $18.00 in a report on Monday, August 28th. Barclays PLC upgraded Fiat Chrysler Automobiles N.V. from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $15.53 to $10.00 in a report on Wednesday, September 6th. Morgan Stanley reiterated an “overweight” rating and issued a $14.00 target price on shares of Fiat Chrysler Automobiles N.V. in a report on Monday, July 17th. Deutsche Bank AG reiterated a “hold” rating on shares of Fiat Chrysler Automobiles N.V. in a report on Thursday, September 7th. Finally, BidaskClub cut Fiat Chrysler Automobiles N.V. from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 7th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $15.70.

Shares of Fiat Chrysler Automobiles N.V. (NYSE FCAU) traded down 1.02% during mid-day trading on Monday, reaching $16.55. The company’s stock had a trading volume of 2,853,149 shares. Fiat Chrysler Automobiles N.V. has a 12-month low of $6.28 and a 12-month high of $18.10. The company’s 50-day moving average price is $17.17 and its 200-day moving average price is $12.84. The stock has a market capitalization of $25.44 billion, a P/E ratio of 7.49 and a beta of 1.73.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last released its quarterly 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. The business had revenue of $27.93 billion during the quarter, compared to analysts’ expectations of $29.24 billion. Fiat Chrysler Automobiles N.V. had a return on equity of 15.69% and a net margin of 2.51%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. On average, equities research analysts forecast that Fiat Chrysler Automobiles N.V. will post $2.59 earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the company. Baillie Gifford & Co. boosted its holdings in shares of Fiat Chrysler Automobiles N.V. by 0.4% in the 4th quarter. Baillie Gifford & Co. now owns 123,348,880 shares of the company’s stock worth $1,731,202,000 after purchasing an additional 537,247 shares during the period. Harris Associates L P boosted 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 valued at $603,902,000 after acquiring an additional 215,789 shares during the period. AQR Capital Management LLC boosted 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 valued at $346,023,000 after acquiring an additional 11,450,245 shares during the period. FMR LLC boosted 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 valued at $306,684,000 after acquiring an additional 1,580,544 shares during the period. Finally, Vanguard Group Inc. boosted 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 valued at $289,068,000 after acquiring an additional 2,299,117 shares during the period. Hedge funds and other institutional investors own 28.77% of the company’s stock.

Fiat Chrysler Automobiles N.V. Company Profile

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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