Fiat Chrysler Automobiles (FCAU) Upgraded by Societe Generale to “Buy”

Fiat Chrysler Automobiles (NYSE:FCAU) was upgraded by analysts at Societe Generale from a “hold” rating to a “buy” rating in a report issued on Monday, MarketBeat Ratings reports.

A number of other research firms have also weighed in on FCAU. UBS Group raised Fiat Chrysler Automobiles from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 10th. Jefferies Financial Group reissued a “buy” rating and issued a $22.00 target price on shares of Fiat Chrysler Automobiles in a research note on Friday, July 27th. ValuEngine lowered Fiat Chrysler Automobiles from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. Zacks Investment Research raised Fiat Chrysler Automobiles from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Finally, BNP Paribas raised Fiat Chrysler Automobiles from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 12th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $23.02.

Shares of FCAU stock opened at $16.40 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.86 and a quick ratio of 0.58. Fiat Chrysler Automobiles has a 12-month low of $14.97 and a 12-month high of $24.95. The stock has a market cap of $31.52 billion, a price-to-earnings ratio of 6.03, a PEG ratio of 0.19 and a beta of 1.92.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP bought a new position in Fiat Chrysler Automobiles during the 2nd quarter valued at approximately $36,916,000. Parkwood LLC bought a new position in Fiat Chrysler Automobiles during the 2nd quarter valued at approximately $2,997,000. Janus Henderson Group PLC raised its position in Fiat Chrysler Automobiles by 223.0% during the 2nd quarter. Janus Henderson Group PLC now owns 2,044,155 shares of the company’s stock valued at $38,982,000 after purchasing an additional 1,411,244 shares during the last quarter. Swiss National Bank raised its position in Fiat Chrysler Automobiles by 0.7% during the 2nd quarter. Swiss National Bank now owns 5,116,133 shares of the company’s stock valued at $97,293,000 after purchasing an additional 36,424 shares during the last quarter. Finally, HRT Financial LLC bought a new position in Fiat Chrysler Automobiles during the 2nd quarter valued at approximately $493,000. 25.96% of the stock is owned by institutional investors and hedge funds.

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, 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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Analyst Recommendations for Fiat Chrysler Automobiles (NYSE:FCAU)

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