Fiat Chrysler Automobiles (NYSE:FCAU) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday, September 5th.
According to Zacks, “Fiat Chrysler Automobiles NV operates as an international automotive company. It is engaged in designing, engineering, manufacturing, distributing and selling vehicles and components and production systems. The Company operates under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. It also produces metallurgical products and production systems for the automobile industry, and owns publishing and insurance companies. Fiat Chrysler Automobiles NV is based in United Kingdom. “
Several other research analysts have also issued reports on the stock. Jefferies Financial Group upgraded shares of Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Thursday, July 5th. They noted that the move was a valuation call. ValuEngine cut shares of Fiat Chrysler Automobiles from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. UBS Group upgraded shares of Fiat Chrysler Automobiles from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 10th. HSBC started coverage on shares of Fiat Chrysler Automobiles in a research report on Tuesday, May 22nd. They set a “buy” rating on the stock. Finally, MED upgraded shares of Fiat Chrysler Automobiles to a “neutral” rating in a research report on Friday, May 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.52.
FCAU opened at $17.46 on Wednesday. Fiat Chrysler Automobiles has a twelve month low of $15.33 and a twelve month high of $24.95. The company has a current ratio of 0.82, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46. The company has a market cap of $34.03 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of 0.19 and a beta of 1.90.
Fiat Chrysler Automobiles (NYSE:FCAU) last posted its quarterly earnings data on Wednesday, July 25th. The company reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.37). The company had revenue of $28.99 billion for the quarter, compared to analyst estimates of $28.99 billion. Fiat Chrysler Automobiles had a net margin of 3.14% and a return on equity of 19.01%. Fiat Chrysler Automobiles’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. analysts anticipate that Fiat Chrysler Automobiles will post 3.63 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of FCAU. HRT Financial LLC acquired a new position in Fiat Chrysler Automobiles in the second quarter valued at about $493,000. Truvestments Capital LLC acquired a new position in Fiat Chrysler Automobiles in the second quarter valued at approximately $352,000. Adalta Capital Management LLC bought a new stake in Fiat Chrysler Automobiles in the second quarter valued at approximately $408,000. Tower Research Capital LLC TRC increased its stake in Fiat Chrysler Automobiles by 154.5% in the second quarter. Tower Research Capital LLC TRC now owns 6,107 shares of the company’s stock valued at $115,000 after purchasing an additional 3,707 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Fiat Chrysler Automobiles in the second quarter valued at approximately $36,916,000. 25.97% of the stock is currently owned by institutional investors and hedge funds.
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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