Fiat Chrysler Automobiles (FCAU) Stock Rating Upgraded by JPMorgan Chase & Co.

Fiat Chrysler Automobiles (NYSE:FCAU) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report released on Friday, MarketBeat reports.

A number of other research analysts also recently issued reports on the company. Zacks Investment Research upgraded Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Wednesday, December 20th. ValuEngine downgraded Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Morgan Stanley boosted their price objective on 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 downgraded Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 14th. Finally, Citigroup raised Fiat Chrysler Automobiles from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $6.87 to $18.33 in a report on Friday, November 10th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Fiat Chrysler Automobiles presently has a consensus rating of “Buy” and a consensus target price of $16.78.

Fiat Chrysler Automobiles (NYSE:FCAU) opened at $21.77 on Friday. The stock has a market capitalization of $33,466.89, a P/E ratio of 9.76, a P/E/G ratio of 0.40 and a beta of 1.63. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.48 and a current ratio of 0.77. Fiat Chrysler Automobiles has a 52 week low of $9.05 and a 52 week high of $21.88.

Several institutional investors and hedge funds have recently modified their holdings of FCAU. QCM Cayman Ltd. purchased a new stake in shares of Fiat Chrysler Automobiles during the 2nd quarter worth approximately $136,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Fiat Chrysler Automobiles by 3.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 13,222 shares of the company’s stock worth $141,000 after acquiring an additional 430 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Fiat Chrysler Automobiles by 15.0% during the 2nd quarter. Cetera Investment Advisers now owns 14,074 shares of the company’s stock worth $148,000 after acquiring an additional 1,840 shares in the last quarter. Elgethun Capital Management bought a new position in shares of Fiat Chrysler Automobiles during the 2nd quarter valued at approximately $153,000. Finally, Ingalls & Snyder LLC bought a new position in shares of Fiat Chrysler Automobiles during the 3rd quarter valued at approximately $181,000. 31.22% of the stock is currently owned by institutional investors and hedge funds.

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About Fiat Chrysler Automobiles

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.