Fiat Chrysler Automobiles NV (NYSE:FCAU) – Analysts at Jefferies Group boosted their FY2017 earnings per share estimates for Fiat Chrysler Automobiles in a research report issued on Tuesday, Zacks Investment Research reports. Jefferies Group analyst P. Houchois now expects that the company will post earnings of $2.60 per share for the year, up from their previous forecast of $2.31. Jefferies Group currently has a “Buy” rating and a $19.00 target price on the stock. Jefferies Group also issued estimates for Fiat Chrysler Automobiles’ FY2018 earnings at $3.59 EPS and FY2020 earnings at $4.09 EPS.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Bank of America set a $19.00 price objective on Fiat Chrysler Automobiles and gave the company a “hold” rating in a report on Wednesday, October 25th. JPMorgan Chase & Co. raised Fiat Chrysler Automobiles from a “neutral” rating to an “overweight” rating in a report on Friday, January 5th. Citigroup raised Fiat Chrysler Automobiles from a “sell” rating to a “neutral” rating and raised their price target for the company from $6.87 to $18.33 in a report on Friday, November 10th. Finally, Morgan Stanley raised their price target on Fiat Chrysler Automobiles from $14.00 to $18.00 and gave the company an “overweight” rating in a report on Tuesday, November 21st. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $16.67.
Fiat Chrysler Automobiles (FCAU) traded down $0.03 during midday trading on Wednesday, hitting $23.39. The stock had a trading volume of 6,615,343 shares, compared to its average volume of 4,950,000. The firm has a market cap of $36,000.00, a P/E ratio of 10.49, a PEG ratio of 0.42 and a beta of 1.20. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 0.59. Fiat Chrysler Automobiles has a 12 month low of $9.05 and a 12 month high of $23.80.
A number of institutional investors have recently made changes to their positions in the business. Baillie Gifford & Co. lifted its holdings in Fiat Chrysler Automobiles by 18.2% during the 3rd quarter. Baillie Gifford & Co. now owns 79,791,751 shares of the company’s stock valued at $1,430,041,000 after purchasing an additional 12,275,873 shares during the last quarter. Harris Associates L P increased its position in Fiat Chrysler Automobiles by 0.4% during the 2nd quarter. Harris Associates L P now owns 56,811,079 shares of the company’s stock worth $603,902,000 after buying an additional 215,789 shares during the period. FMR LLC increased its position in Fiat Chrysler Automobiles by 5.8% during the 2nd quarter. FMR LLC now owns 28,957,759 shares of the company’s stock worth $306,684,000 after buying an additional 1,580,544 shares during the period. Vanguard Group Inc. increased its position in Fiat Chrysler Automobiles by 9.2% during the 2nd quarter. Vanguard Group Inc. now owns 27,193,557 shares of the company’s stock worth $289,068,000 after buying an additional 2,299,117 shares during the period. Finally, Ruane Cunniff & Goldfarb Inc. increased its position in Fiat Chrysler Automobiles by 25.1% during the 3rd quarter. Ruane Cunniff & Goldfarb Inc. now owns 25,061,340 shares of the company’s stock worth $448,849,000 after buying an additional 5,029,683 shares during the period. 31.22% 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.
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