Fiat Chrysler Automobiles (FCAU) Upgraded to Neutral at Exane BNP Paribas

Fiat Chrysler Automobiles (NYSE:FCAU) was upgraded by equities researchers at Exane BNP Paribas from an “underperform” rating to a “neutral” rating in a report issued on Friday.

Several other research analysts have also issued reports on the stock. BNP Paribas raised shares of Fiat Chrysler Automobiles from an “underperform” rating to a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. raised shares of Fiat Chrysler Automobiles from a “neutral” rating to an “overweight” rating in a research note on Friday, January 5th. Zacks Investment Research raised shares of Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, December 20th. ValuEngine lowered shares of Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Morgan Stanley raised 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. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.67.

Shares of Fiat Chrysler Automobiles (NYSE:FCAU) traded up $0.53 during trading hours on Friday, reaching $23.93. 5,894,311 shares of the company’s stock were exchanged, compared to its average volume of 9,180,762. Fiat Chrysler Automobiles has a 12-month low of $9.60 and a 12-month high of $23.94. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 0.59. The company has a market cap of $35,970.00, a price-to-earnings ratio of 10.49, a P/E/G ratio of 0.41 and a beta of 1.20.

Fiat Chrysler Automobiles (NYSE:FCAU) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.16. Fiat Chrysler Automobiles had a net margin of 2.81% and a return on equity of 16.08%. analysts expect that Fiat Chrysler Automobiles will post 2.69 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. Baillie Gifford & Co. raised its position in shares of Fiat Chrysler Automobiles by 0.4% in the 4th quarter. Baillie Gifford & Co. now owns 123,348,880 shares of the company’s stock valued at $1,731,202,000 after acquiring an additional 537,247 shares during the period. Harris Associates L P raised its position in shares of Fiat Chrysler Automobiles by 0.4% in 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 raised its position in shares of Fiat Chrysler Automobiles by 56.9% in 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 raised its position in shares of Fiat Chrysler Automobiles by 5.8% in 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. raised its position in shares of Fiat Chrysler Automobiles by 9.2% in 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. Institutional investors and hedge funds own 31.22% of the company’s stock.

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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.

Analyst Recommendations for Fiat Chrysler Automobiles (NYSE:FCAU)



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