Fiat Chrysler Automobiles (NYSE:FCAU) was downgraded by research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.
A number of other brokerages also recently commented on FCAU. Zacks Investment Research raised Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Friday, January 26th. BidaskClub downgraded Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th. Exane BNP Paribas raised Fiat Chrysler Automobiles from an “underperform” rating to a “neutral” rating in a report on Friday, January 19th. Citigroup raised Fiat Chrysler Automobiles from a “sell” rating to a “neutral” rating and increased their price target for the company from $6.87 to $18.33 in a report on Friday, November 10th. Finally, Bank of America set a $19.00 price target on Fiat Chrysler Automobiles and gave the company a “hold” rating in a report on Wednesday, October 25th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $20.72.
Shares of Fiat Chrysler Automobiles (NYSE:FCAU) traded down $1.01 during midday trading on Monday, hitting $21.29. The stock had a trading volume of 10,690,000 shares, compared to its average volume of 6,590,000. The stock has a market capitalization of $34,280.00, a P/E ratio of 8.81, a price-to-earnings-growth ratio of 0.38 and a beta of 1.50. Fiat Chrysler Automobiles has a 52 week low of $9.60 and a 52 week high of $24.95. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.48.
Fiat Chrysler Automobiles (NYSE:FCAU) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.18. The firm had revenue of $28.88 billion during the quarter, compared to the consensus estimate of $30.08 billion. Fiat Chrysler Automobiles had a return on equity of 19.06% and a net margin of 3.17%. Fiat Chrysler Automobiles’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.35 earnings per share. sell-side analysts expect that Fiat Chrysler Automobiles will post 3.06 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in FCAU. Ameriprise Financial Inc. raised its stake in Fiat Chrysler Automobiles by 17.2% during the second quarter. Ameriprise Financial Inc. now owns 37,845 shares of the company’s stock valued at $403,000 after buying an additional 5,541 shares in the last quarter. Vanguard Group Inc. raised its stake in Fiat Chrysler Automobiles by 9.2% during the second quarter. Vanguard Group Inc. now owns 27,193,557 shares of the company’s stock valued at $289,068,000 after buying an additional 2,299,117 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Fiat Chrysler Automobiles by 47.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,343,717 shares of the company’s stock valued at $24,914,000 after buying an additional 751,338 shares in the last quarter. Voya Investment Management LLC raised its stake in Fiat Chrysler Automobiles by 14.9% during the second quarter. Voya Investment Management LLC now owns 120,354 shares of the company’s stock valued at $1,267,000 after buying an additional 15,604 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Fiat Chrysler Automobiles by 2.1% during the second quarter. Stifel Financial Corp now owns 29,360 shares of the company’s stock valued at $311,000 after buying an additional 592 shares in the last quarter. Hedge funds and other institutional investors own 31.28% of the company’s stock.
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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, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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