BNP Paribas upgraded shares of Fiat Chrysler Automobiles (NYSE:FCAU) from an underperform rating to a neutral rating in a research report released on Friday, January 19th, Marketbeat Ratings reports.
Several other equities analysts have also weighed in on FCAU. BidaskClub upgraded shares of Fiat Chrysler Automobiles from a buy rating to a strong-buy rating in a report on Thursday, September 28th. Citigroup upgraded shares of Fiat Chrysler Automobiles from a sell rating to a neutral rating and upped their price objective for the stock from $6.87 to $18.33 in a report on Friday, November 10th. Jefferies Group restated a buy rating and issued a $19.00 price objective on shares of Fiat Chrysler Automobiles in a report on Monday, October 16th. Bank of America set a $19.00 price objective on shares of Fiat Chrysler Automobiles and gave the stock a hold rating in a report on Wednesday, October 25th. Finally, ValuEngine lowered shares of Fiat Chrysler Automobiles from a strong-buy rating to a buy rating in a report on Friday, December 1st. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $20.72.
Shares of Fiat Chrysler Automobiles (FCAU) traded up $0.80 during midday trading on Friday, reaching $22.34. 5,105,227 shares of the company traded hands, compared to its average volume of 7,800,000. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.48 and a current ratio of 0.77. The stock has a market cap of $33,110.00, a PE ratio of 8.80, a PEG ratio of 0.34 and a beta of 1.50. Fiat Chrysler Automobiles has a one year low of $9.60 and a one year high of $24.95.
Fiat Chrysler Automobiles (NYSE:FCAU) last posted its earnings results on Thursday, January 25th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.18. The company had revenue of $28.88 billion for the quarter, compared to analyst estimates of $30.08 billion. Fiat Chrysler Automobiles had a net margin of 3.17% and a return on equity of 19.06%. Fiat Chrysler Automobiles’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 EPS. research analysts anticipate that Fiat Chrysler Automobiles will post 3.36 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Baillie Gifford & Co. increased its stake 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 worth $1,430,041,000 after buying an additional 12,275,873 shares during the period. Harris Associates L P increased its stake 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 stake 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 stake 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 stake 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. 31.17% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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