Fiat Chrysler Automobiles (NYSE:FCAU) had its price target increased by Morgan Stanley from $18.00 to $26.00 in a research report released on Monday, February 5th, MarketBeat.com reports. They currently have an overweight rating on the stock.
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 Tuesday, December 12th. JPMorgan Chase & Co. raised shares of Fiat Chrysler Automobiles from a neutral rating to an overweight rating in a research report on Friday, January 5th. ValuEngine downgraded shares of Fiat Chrysler Automobiles from a strong-buy rating to a buy rating in a research report on Friday, December 1st. BidaskClub downgraded shares of Fiat Chrysler Automobiles from a strong-buy rating to a buy rating in a research report on Tuesday, November 14th. Finally, Bank of America set a $19.00 target price on shares of Fiat Chrysler Automobiles and gave the company a hold rating in a research report on Wednesday, October 25th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Fiat Chrysler Automobiles presently has a consensus rating of Buy and a consensus target price of $20.72.
Fiat Chrysler Automobiles (FCAU) traded down $0.25 during mid-day trading on Monday, reaching $21.55. 1,058,753 shares of the company traded hands, compared to its average volume of 7,679,432. The firm has a market capitalization of $33,510.00, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 0.34 and a beta of 1.50. 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 1-year low of $9.60 and a 1-year high of $24.95.
Fiat Chrysler Automobiles (NYSE:FCAU) last released its earnings results on Thursday, January 25th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.18. Fiat Chrysler Automobiles had a net margin of 3.17% and a return on equity of 19.06%. The business had revenue of $28.88 billion for the quarter, compared to analyst estimates of $30.08 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. Fiat Chrysler Automobiles’s revenue for the quarter was down 2.8% on a year-over-year basis. equities analysts anticipate that Fiat Chrysler Automobiles will post 3.36 earnings per share for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FCAU. Baillie Gifford & Co. lifted its stake in 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. Arrowstreet Capital Limited Partnership purchased a new stake in Fiat Chrysler Automobiles in the 4th quarter worth approximately $105,244,000. Ruane Cunniff & Goldfarb Inc. lifted its stake in 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. lifted its stake in 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. Finally, Vanguard Group Inc. lifted its stake in Fiat Chrysler Automobiles by 9.2% in the 2nd quarter. Vanguard Group Inc. now owns 27,193,557 shares of the company’s stock worth $289,068,000 after purchasing an additional 2,299,117 shares in the last quarter. 31.17% of the stock is owned by institutional investors.
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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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