Stock analysts at Instinet started coverage on shares of Fiat Chrysler Automobiles (NYSE:FCAU) in a note issued to investors on Wednesday. The firm set a “neutral” rating and a $21.10 price target on the stock. Instinet’s price objective would suggest a potential downside of 1.86% from the stock’s previous close.
FCAU has been the subject of several other research reports. Zacks Investment Research cut Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Morgan Stanley upped 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. Vetr raised Fiat Chrysler Automobiles from a “buy” rating to a “strong-buy” rating and set a $25.70 price target for the company in a report on Monday, February 5th. JPMorgan Chase & Co. raised Fiat Chrysler Automobiles from a “neutral” rating to an “overweight” rating in a report on Friday, January 5th. Finally, BNP Paribas raised Fiat Chrysler Automobiles from an “underperform” rating to a “neutral” rating in a report on Friday, January 19th. Six equities research 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 stock. Fiat Chrysler Automobiles has a consensus rating of “Buy” and a consensus price target of $20.77.
Shares of FCAU stock opened at $21.50 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.49 and a current ratio of 0.77. The firm has a market capitalization of $40,461.86, a P/E ratio of 8.46 and a beta of 2.08. Fiat Chrysler Automobiles has a 52 week low of $9.60 and a 52 week high of $24.95.
Fiat Chrysler Automobiles (NYSE:FCAU) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.64 by $0.18. The firm had revenue of $28.88 billion during the quarter, compared to analysts’ expectations of $30.08 billion. Fiat Chrysler Automobiles had a return on equity of 18.81% and a net margin of 3.17%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS. equities analysts forecast that Fiat Chrysler Automobiles will post 3.64 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. J. Goldman & Co LP acquired a new position in shares of Fiat Chrysler Automobiles in the 4th quarter worth approximately $9,874,000. Gotham Asset Management LLC raised its holdings in shares of Fiat Chrysler Automobiles by 202.2% in the 4th quarter. Gotham Asset Management LLC now owns 154,570 shares of the company’s stock worth $2,758,000 after buying an additional 103,424 shares in the last quarter. HBK Sorce Advisory LLC acquired a new position in shares of Fiat Chrysler Automobiles in the 4th quarter worth approximately $446,000. Macquarie Group Ltd. raised its holdings in shares of Fiat Chrysler Automobiles by 6.2% in the 4th quarter. Macquarie Group Ltd. now owns 39,300 shares of the company’s stock worth $701,000 after buying an additional 2,300 shares in the last quarter. Finally, Vident Investment Advisory LLC raised its holdings in shares of Fiat Chrysler Automobiles by 5.9% in the 4th quarter. Vident Investment Advisory LLC now owns 315,786 shares of the company’s stock worth $5,650,000 after buying an additional 17,579 shares in the last quarter. 25.80% 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, 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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