Fiat Chrysler Automobiles (NYSE:FCAU) had its price target hoisted by research analysts at Morgan Stanley from $18.00 to $26.00 in a research report issued on Monday. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 14.09% from the company’s current price.
Several other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. JPMorgan Chase & Co. upgraded shares of Fiat Chrysler Automobiles from a “neutral” rating to an “overweight” rating in a research report on Friday, January 5th. ValuEngine lowered shares of Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub lowered shares of Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, Bank of America set a $19.00 price target on shares of Fiat Chrysler Automobiles and gave the company a “hold” rating in a research report on Wednesday, October 25th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.72.
Fiat Chrysler Automobiles (NYSE:FCAU) traded up $0.49 during trading on Monday, hitting $22.79. 1,887,093 shares of the stock were exchanged, compared to its average volume of 7,526,407. The company has a market cap of $34,281.65, a P/E ratio of 8.99, a P/E/G ratio of 0.38 and a beta of 1.98. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Fiat Chrysler Automobiles has a fifty-two week low of $9.60 and a fifty-two week high of $24.95.
Fiat Chrysler Automobiles (NYSE:FCAU) last released its quarterly earnings results on Thursday, January 25th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.18. Fiat Chrysler Automobiles had a net margin of 3.17% and a return on equity of 19.06%. The business had revenue of $28.88 billion for the quarter, compared to the consensus estimate of $30.08 billion. During the same quarter last year, the firm earned $0.35 EPS. Fiat Chrysler Automobiles’s revenue for the quarter was down 2.8% on a year-over-year basis. equities research analysts anticipate that Fiat Chrysler Automobiles will post 3.06 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in FCAU. Ameriprise Financial Inc. raised its stake in shares of Fiat Chrysler Automobiles by 17.2% during the second quarter. Ameriprise Financial Inc. now owns 37,845 shares of the company’s stock worth $403,000 after buying an additional 5,541 shares during the last quarter. Vanguard Group Inc. grew its holdings in Fiat Chrysler Automobiles by 9.2% during the second quarter. Vanguard Group Inc. now owns 27,193,557 shares of the company’s stock valued at $289,068,000 after purchasing an additional 2,299,117 shares during the period. Dimensional Fund Advisors LP grew its holdings in Fiat Chrysler Automobiles by 47.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,343,717 shares of the company’s stock valued at $24,914,000 after purchasing an additional 751,338 shares during the period. Voya Investment Management LLC grew its holdings in Fiat Chrysler Automobiles by 14.9% during the second quarter. Voya Investment Management LLC now owns 120,354 shares of the company’s stock valued at $1,267,000 after purchasing an additional 15,604 shares during the period. Finally, Stifel Financial Corp grew its holdings in Fiat Chrysler Automobiles by 2.1% during the second quarter. Stifel Financial Corp now owns 29,360 shares of the company’s stock valued at $311,000 after purchasing an additional 592 shares during the period. 31.28% of the stock is owned by institutional investors.
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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.