Fiat Chrysler Automobiles NV (NYSE:FCAU) gapped down prior to trading on Friday . The stock had previously closed at $18.53, but opened at $19.16. Fiat Chrysler Automobiles shares last traded at $19.17, with a volume of 5212623 shares trading hands.
FCAU has been the topic of a number of research analyst reports. Instinet initiated coverage on shares of Fiat Chrysler Automobiles in a report on Wednesday, March 21st. They issued a “neutral” rating and a $21.10 price target on the stock. Nomura initiated coverage on shares of Fiat Chrysler Automobiles in a report on Wednesday, March 21st. They issued a “neutral” rating and a $19.00 price target on the stock. Morgan Stanley upped their price target on shares of Fiat Chrysler Automobiles from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, April 10th. Jefferies Financial Group cut shares of Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a report on Wednesday, April 25th. Finally, Zacks Investment Research cut shares of Fiat Chrysler Automobiles from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 16th. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $20.79.
The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.50 and a current ratio of 0.80. The firm has a market capitalization of $37.34 billion, a PE ratio of 6.20, a PEG ratio of 0.21 and a beta of 2.06.
Fiat Chrysler Automobiles (NYSE:FCAU) last issued its earnings results on Thursday, April 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $27.03 billion for the quarter, compared to the consensus estimate of $27.74 billion. During the same quarter in the previous year, the company earned $0.43 earnings per share. The firm’s revenue was down 2.5% on a year-over-year basis. equities analysts expect that Fiat Chrysler Automobiles NV will post 3.93 EPS for the current year.
Institutional investors have recently modified their holdings of the business. IFP Advisors Inc grew its holdings in Fiat Chrysler Automobiles by 43.6% during the 1st quarter. IFP Advisors Inc now owns 8,618 shares of the company’s stock worth $177,000 after acquiring an additional 2,616 shares in the last quarter. Signaturefd LLC bought a new position in Fiat Chrysler Automobiles during the 1st quarter worth about $183,000. Weil Company Inc. bought a new position in Fiat Chrysler Automobiles during the 4th quarter worth about $178,000. Fulton Bank N.A. bought a new position in Fiat Chrysler Automobiles during the 1st quarter worth about $211,000. Finally, Advisory Services Network LLC grew its holdings in Fiat Chrysler Automobiles by 12,070.0% during the 4th quarter. Advisory Services Network LLC now owns 12,170 shares of the company’s stock worth $217,000 after acquiring an additional 12,070 shares in the last quarter. Institutional investors own 25.59% 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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