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.
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.
