Fiat Chrysler Automobiles (NYSE:FCAU) was downgraded by equities researchers at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued on Friday, The Fly reports.
FCAU has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a report on Friday, January 11th. ValuEngine upgraded shares of Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a report on Monday. Societe Generale upgraded shares of Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating in a report on Monday, November 5th. Finally, HSBC downgraded shares of Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $21.22.
Shares of FCAU stock opened at $15.23 on Friday. Fiat Chrysler Automobiles has a 12 month low of $14.01 and a 12 month high of $24.41. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $33.82 billion, a price-to-earnings ratio of 5.60, a PEG ratio of 0.22 and a beta of 1.91.
Fiat Chrysler Automobiles (NYSE:FCAU) last issued its quarterly earnings data on Thursday, February 7th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Fiat Chrysler Automobiles had a net margin of 2.78% and a return on equity of 20.30%. The firm had revenue of $30.62 billion for the quarter, compared to analyst estimates of $29.94 billion. During the same quarter in the previous year, the business posted $0.70 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. Sell-side analysts forecast that Fiat Chrysler Automobiles will post 3.87 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wetherby Asset Management Inc. increased its position in shares of Fiat Chrysler Automobiles by 2.7% in the 4th quarter. Wetherby Asset Management Inc. now owns 34,991 shares of the company’s stock worth $506,000 after purchasing an additional 905 shares during the last quarter. Comerica Bank grew its position in shares of Fiat Chrysler Automobiles by 1.2% during the 4th quarter. Comerica Bank now owns 90,528 shares of the company’s stock valued at $1,510,000 after buying an additional 1,088 shares during the last quarter. Cigna Investments Inc. New grew its position in shares of Fiat Chrysler Automobiles by 8.1% during the 4th quarter. Cigna Investments Inc. New now owns 15,646 shares of the company’s stock valued at $227,000 after buying an additional 1,176 shares during the last quarter. Rocky Mountain Advisers LLC grew its position in shares of Fiat Chrysler Automobiles by 51.2% during the 4th quarter. Rocky Mountain Advisers LLC now owns 4,429 shares of the company’s stock valued at $64,000 after buying an additional 1,500 shares during the last quarter. Finally, We Are One Seven LLC bought a new stake in shares of Fiat Chrysler Automobiles during the 4th quarter valued at about $31,000. 25.46% of the stock is owned by institutional investors.
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, trucks, and light commercial vehicles under the Jeep, Ram, Dodge, Chrysler, Fiat, Fiat Professional, Alfa Romeo, and Abarth brands; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.
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