Fiat Chrysler Automobiles (NYSE:FCAU) was upgraded by equities research analysts at BNP Paribas from an “underperform” rating to a “neutral” rating in a note issued to investors on Friday, MarketBeat Ratings reports.
A number of other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Morgan Stanley increased their target price on shares of Fiat Chrysler Automobiles from $14.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, November 21st. ValuEngine cut shares of Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub cut shares of Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 7th. Finally, Bank of America set a $19.00 price objective on Fiat Chrysler Automobiles and gave the company a “hold” rating in a research note on Wednesday, October 25th. Six 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 company’s stock. Fiat Chrysler Automobiles currently has an average rating of “Buy” and a consensus target price of $16.67.
Fiat Chrysler Automobiles (NYSE FCAU) traded up $0.53 during mid-day trading on Friday, hitting $23.93. 5,893,811 shares of the stock were exchanged, compared to its average volume of 6,233,205. The company has a market capitalization of $35,972.68, a PE ratio of 10.73, a P/E/G ratio of 0.42 and a beta of 1.63. 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 $9.60 and a 52-week high of $23.94.
Fiat Chrysler Automobiles (NYSE:FCAU) last posted its earnings results 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%. sell-side analysts forecast that Fiat Chrysler Automobiles will post 2.69 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of FCAU. QCM Cayman Ltd. bought a new position in shares of Fiat Chrysler Automobiles during the 2nd quarter worth approximately $136,000. Cambridge Investment Research Advisors Inc. boosted 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 buying an additional 430 shares in the last quarter. Cetera Investment Advisers boosted 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 buying an additional 1,840 shares in the last quarter. Ingalls & Snyder LLC bought a new position in shares of Fiat Chrysler Automobiles during the 3rd quarter worth approximately $181,000. Finally, FineMark National Bank & Trust bought a new position in shares of Fiat Chrysler Automobiles during the 3rd quarter worth approximately $188,000. Hedge funds and other institutional investors own 31.22% of the company’s stock.
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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.