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.
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.
