Fiat Chrysler Automobiles N.V. (FCAU) Price Target Raised to $18.00
Fiat Chrysler Automobiles N.V. (NYSE:FCAU) had its target price boosted by analysts at Morgan Stanley from $14.00 to $18.00 in a report released on Tuesday. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 2.68% from the stock’s current price.
A number of other analysts have also issued reports on FCAU. Kepler Capital Markets raised Fiat Chrysler Automobiles N.V. from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. Jefferies Group LLC reissued a “buy” rating and issued a $19.00 target price on shares of Fiat Chrysler Automobiles N.V. in a research report on Monday, October 16th. Zacks Investment Research raised Fiat Chrysler Automobiles N.V. from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research report on Monday, October 23rd. Bank of America Corporation raised Fiat Chrysler Automobiles N.V. from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $9.00 to $18.00 in a research report on Monday, August 28th. Finally, BidaskClub raised Fiat Chrysler Automobiles N.V. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $16.65.
Fiat Chrysler Automobiles N.V. (NYSE:FCAU) traded up $0.17 on Tuesday, reaching $17.53. The company had a trading volume of 2,877,300 shares, compared to its average volume of 7,060,001. Fiat Chrysler Automobiles N.V. has a 12-month low of $7.45 and a 12-month high of $18.33. The firm has a market capitalization of $26,690.00, a PE ratio of 7.55, a PEG ratio of 0.32 and a beta of 1.23. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 0.59.
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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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