Fiat Chrysler Automobiles (NYSE:FCAU) was upgraded by equities researchers at MED to a “neutral” rating in a report released on Friday, The Fly reports.
Several other research analysts have also recently weighed in on FCAU. Zacks Investment Research cut Fiat Chrysler Automobiles from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 16th. HSBC began coverage on Fiat Chrysler Automobiles in a research report on Tuesday. They set a “buy” rating for the company. Instinet began coverage on Fiat Chrysler Automobiles in a research report on Wednesday, March 21st. They set a “neutral” rating and a $21.10 price target for the company. Jefferies Group cut Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research report on Wednesday, April 25th. Finally, Vetr upgraded Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $25.70 price target for the company in a research report on Monday, January 29th. Ten analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $20.79.
Fiat Chrysler Automobiles opened at $21.65 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.80 and a quick ratio of 0.50. Fiat Chrysler Automobiles has a 52 week low of $10.33 and a 52 week high of $24.95. The stock has a market cap of $44.09 billion, a P/E ratio of 8.18, a PEG ratio of 0.24 and a beta of 2.06.
Fiat Chrysler Automobiles (NYSE:FCAU) last released its earnings results on Thursday, April 26th. The company reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.03). Fiat Chrysler Automobiles had a return on equity of 20.10% and a net margin of 3.52%. The firm had revenue of $27.03 billion for the quarter, compared to analyst estimates of $27.74 billion. During the same period last year, the firm earned $0.43 EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. equities analysts anticipate that Fiat Chrysler Automobiles will post 3.93 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Allianz Asset Management GmbH increased its position in shares of Fiat Chrysler Automobiles by 30.4% in the first quarter. Allianz Asset Management GmbH now owns 4,948,058 shares of the company’s stock valued at $101,534,000 after buying an additional 1,154,184 shares in the last quarter. CIBC World Markets Inc. purchased a new stake in shares of Fiat Chrysler Automobiles in the first quarter valued at approximately $4,712,000. PointState Capital LP purchased a new stake in shares of Fiat Chrysler Automobiles in the first quarter valued at approximately $115,336,000. Assetmark Inc. increased its position in shares of Fiat Chrysler Automobiles by 50,701.4% in the first quarter. Assetmark Inc. now owns 148,848 shares of the company’s stock valued at $3,054,000 after buying an additional 148,555 shares in the last quarter. Finally, Sciencast Management LP purchased a new stake in shares of Fiat Chrysler Automobiles in the first quarter valued at approximately $728,000. Institutional investors and hedge funds own 25.63% of the company’s stock.
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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