Fiat Chrysler Automobiles (NYSE:FCAU) was downgraded by research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Friday.

A number of other equities research analysts have also weighed in on the stock. Morgan Stanley lifted their target price on shares of Fiat Chrysler Automobiles from $14.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, November 21st. BidaskClub lowered shares of Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 14th. Citigroup raised shares of Fiat Chrysler Automobiles from a “sell” rating to a “neutral” rating and lifted their target price for the company from $6.87 to $18.33 in a research note on Friday, November 10th. Zacks Investment Research lowered shares of Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, Bank of America set a $19.00 target price on shares of Fiat Chrysler Automobiles and gave the company a “hold” rating in a research note on Wednesday, October 25th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $16.65.

Shares of Fiat Chrysler Automobiles (NYSE:FCAU) traded down $0.01 on Friday, hitting $17.09. 4,373,890 shares of the stock were exchanged, compared to its average volume of 2,296,465. The company has a market cap of $26,272.35, a price-to-earnings ratio of 7.43, a price-to-earnings-growth ratio of 0.35 and a beta of 1.64. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.48. Fiat Chrysler Automobiles has a 52-week low of $7.58 and a 52-week high of $18.33.

A number of large investors have recently bought and sold shares of FCAU. Dimensional Fund Advisors LP boosted its stake in Fiat Chrysler Automobiles by 7.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,592,379 shares of the company’s stock worth $17,405,000 after acquiring an additional 110,497 shares in the last quarter. Bank of Montreal Can boosted its stake in Fiat Chrysler Automobiles by 3.8% during the second quarter. Bank of Montreal Can now owns 203,610 shares of the company’s stock worth $2,165,000 after acquiring an additional 7,408 shares in the last quarter. US Bancorp DE boosted its stake in Fiat Chrysler Automobiles by 15.6% during the second quarter. US Bancorp DE now owns 12,591 shares of the company’s stock worth $134,000 after acquiring an additional 1,699 shares in the last quarter. Camelot Portfolios LLC boosted its stake in Fiat Chrysler Automobiles by 3.2% during the second quarter. Camelot Portfolios LLC now owns 70,583 shares of the company’s stock worth $750,000 after acquiring an additional 2,161 shares in the last quarter. Finally, Baker Ellis Asset Management LLC boosted its stake in Fiat Chrysler Automobiles by 7.6% during the second quarter. Baker Ellis Asset Management LLC now owns 113,050 shares of the company’s stock worth $1,202,000 after acquiring an additional 7,950 shares in the last quarter. 31.24% of the stock is currently owned by institutional investors and hedge funds.

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Fiat Chrysler Automobiles 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Fiat Chrysler Automobiles (NYSE:FCAU)

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