Fiat Chrysler Automobiles (FCAU) Shares Gap Up to $23.50

Fiat Chrysler Automobiles (NYSE:FCAU) gapped up prior to trading on Tuesday . The stock had previously closed at $22.70, but opened at $23.50. Fiat Chrysler Automobiles shares last traded at $24.18, with a volume of 3415654 shares.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Vetr raised shares of Fiat Chrysler Automobiles from a “buy” rating to a “strong-buy” rating and set a $25.70 target price for the company in a report on Monday, February 5th. Morgan Stanley upped their target price on shares of Fiat Chrysler Automobiles from $18.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, February 5th. Nomura assumed coverage on shares of Fiat Chrysler Automobiles in a report on Wednesday, March 21st. They set a “neutral” rating and a $19.00 target price for the company. Finally, Instinet assumed coverage on shares of Fiat Chrysler Automobiles in a report on Wednesday, March 21st. They set a “neutral” rating and a $21.10 target price for the company. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Fiat Chrysler Automobiles presently has an average rating of “Buy” and an average target price of $20.79.

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The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $47,127.55, a PE ratio of 8.83 and a beta of 2.07.

Fiat Chrysler Automobiles (NYSE:FCAU) last announced its quarterly 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 firm had revenue of $28.88 billion for the quarter, compared to analysts’ expectations of $30.08 billion. Fiat Chrysler Automobiles had a net margin of 3.17% and a return on equity of 18.81%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. analysts predict that Fiat Chrysler Automobiles will post 3.65 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. lifted its position in Fiat Chrysler Automobiles by 6.2% in the fourth quarter. Macquarie Group Ltd. now owns 39,300 shares of the company’s stock valued at $701,000 after buying an additional 2,300 shares during the last quarter. Greenleaf Trust lifted its position in Fiat Chrysler Automobiles by 15.3% in the fourth quarter. Greenleaf Trust now owns 20,884 shares of the company’s stock valued at $373,000 after buying an additional 2,774 shares during the last quarter. First Allied Advisory Services Inc. lifted its position in Fiat Chrysler Automobiles by 6.3% in the fourth quarter. First Allied Advisory Services Inc. now owns 50,258 shares of the company’s stock valued at $896,000 after buying an additional 2,976 shares during the last quarter. LPL Financial LLC lifted its position in Fiat Chrysler Automobiles by 4.5% in the fourth quarter. LPL Financial LLC now owns 78,188 shares of the company’s stock valued at $1,395,000 after buying an additional 3,393 shares during the last quarter. Finally, FineMark National Bank & Trust lifted its position in Fiat Chrysler Automobiles by 37.4% in the fourth quarter. FineMark National Bank & Trust now owns 14,454 shares of the company’s stock valued at $258,000 after buying an additional 3,935 shares during the last quarter. 25.83% of the stock is currently owned by hedge funds and other 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, 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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