ValuEngine cut shares of Fiat Chrysler Automobiles (NYSE:FCAU) from a strong-buy rating to a buy rating in a research note issued to investors on Friday morning.
FCAU has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Fiat Chrysler Automobiles from a sell rating to a strong-buy rating and set a $17.00 target price on the stock in a report on Friday, August 25th. BidaskClub cut shares of Fiat Chrysler Automobiles from a strong-buy rating to a buy rating in a report on Tuesday, November 14th. Deutsche Bank reiterated a hold rating on shares of Fiat Chrysler Automobiles in a research note on Thursday, September 7th. Jefferies Group reiterated a buy rating and issued a $19.00 price target on shares of Fiat Chrysler Automobiles in a research note on Monday, October 16th. Finally, Barclays upgraded shares of Fiat Chrysler Automobiles from an equal weight rating to an overweight rating and dropped their price target for the stock from $15.53 to $10.00 in a research note on Wednesday, September 6th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $16.65.
Shares of Fiat Chrysler Automobiles (NYSE FCAU) opened at $17.18 on Friday. Fiat Chrysler Automobiles has a fifty-two week low of $7.98 and a fifty-two week high of $18.33. The company has a market cap of $26,272.35, a price-to-earnings ratio of 7.43, a PEG ratio of 0.35 and a beta of 1.63. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 0.59.
Institutional investors have recently made changes to their positions in the stock. Ballentine Partners LLC bought a new position in Fiat Chrysler Automobiles in the 2nd quarter worth about $117,000. BKS Advisors LLC bought a new position in Fiat Chrysler Automobiles in the 2nd quarter worth about $128,000. US Bancorp DE boosted its stake in Fiat Chrysler Automobiles by 15.6% in the 2nd quarter. US Bancorp DE now owns 12,591 shares of the company’s stock worth $134,000 after purchasing an additional 1,699 shares in the last quarter. QCM Cayman Ltd. purchased a new position in Fiat Chrysler Automobiles in the 2nd quarter worth about $136,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in Fiat Chrysler Automobiles by 3.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 13,222 shares of the company’s stock worth $141,000 after buying an additional 430 shares during the last quarter. Institutional investors own 31.24% of the company’s stock.
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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, 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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