Fiat Chrysler Automobiles NV (FCAU) Receives Average Recommendation of “Buy” from Brokerages

Fiat Chrysler Automobiles NV (NYSE:FCAU) has received a consensus recommendation of “Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Five investment 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. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $20.72.

FCAU has been the subject of a number of recent research reports. Jefferies Group reiterated a “buy” rating and set a $19.00 price objective on shares of Fiat Chrysler Automobiles in a research note on Monday, October 16th. BidaskClub cut Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 14th. ValuEngine cut Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Wednesday, December 20th. Finally, Vetr upgraded Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $25.70 price objective for the company in a research note on Monday, January 29th.

Fiat Chrysler Automobiles (FCAU) opened at $21.48 on Friday. The company has a market capitalization of $35,050.30, a P/E ratio of 8.46, a PEG ratio of 0.36 and a beta of 1.98. 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 one year low of $9.60 and a one year high of $24.95.

Fiat Chrysler Automobiles (NYSE:FCAU) last announced its quarterly earnings data on Thursday, January 25th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.18. The business had revenue of $28.88 billion during the quarter, compared to analysts’ expectations of $30.08 billion. Fiat Chrysler Automobiles had a return on equity of 19.06% and a net margin of 3.17%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. analysts expect that Fiat Chrysler Automobiles will post 3.36 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of FCAU. Baillie Gifford & Co. increased its holdings in shares of Fiat Chrysler Automobiles by 18.2% in the 3rd quarter. Baillie Gifford & Co. now owns 79,791,751 shares of the company’s stock worth $1,430,041,000 after purchasing an additional 12,275,873 shares in the last quarter. Ruane Cunniff & Goldfarb Inc. increased its holdings in shares of Fiat Chrysler Automobiles by 25.1% in the 3rd quarter. Ruane Cunniff & Goldfarb Inc. now owns 25,061,340 shares of the company’s stock worth $448,849,000 after purchasing an additional 5,029,683 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Fiat Chrysler Automobiles by 163.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,520,960 shares of the company’s stock worth $132,294,000 after purchasing an additional 4,669,960 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Fiat Chrysler Automobiles in the 2nd quarter worth $22,197,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Fiat Chrysler Automobiles by 47.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,343,717 shares of the company’s stock worth $24,914,000 after purchasing an additional 751,338 shares in the last quarter. 31.28% of the stock is owned by institutional investors and hedge funds.

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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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