Fiat Chrysler Automobiles NV (NYSE:FCAU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday, April 20th. The firm currently has a $11.00 price objective on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 5.06% from the company’s current price.
According to Zacks, “Fiat Chrysler Automobiles NV operates as an international automotive company. It is engaged in designing, engineering, manufacturing, distributing and selling vehicles and components and production systems. The Company operates under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. It also produces metallurgical products and production systems for the automobile industry, and owns publishing and insurance companies. Fiat Chrysler Automobiles NV is based in United Kingdom. “
Several other analysts also recently commented on the stock. Goldman Sachs Group Inc reissued a “buy” rating on shares of Fiat Chrysler Automobiles NV in a research report on Thursday, April 20th. Vetr raised shares of Fiat Chrysler Automobiles NV from a “buy” rating to a “strong-buy” rating and set a $12.38 price objective on the stock in a research report on Monday, April 3rd. Finally, Natixis raised shares of Fiat Chrysler Automobiles NV from a “reduce” rating to a “neutral” rating in a research report on Monday, February 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $12.81.
Fiat Chrysler Automobiles NV (NYSE:FCAU) opened at 10.50 on Thursday. The company has a market cap of $16.14 billion, a PE ratio of 7.47 and a beta of 1.78. The company has a 50-day moving average of $10.63 and a 200 day moving average of $9.91. Fiat Chrysler Automobiles NV has a 52-week low of $5.45 and a 52-week high of $11.65.
Fiat Chrysler Automobiles NV (NYSE:FCAU) last announced its quarterly earnings data on Wednesday, April 26th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.05. Fiat Chrysler Automobiles NV had a net margin of 1.63% and a return on equity of 14.89%. The company had revenue of $27.72 billion for the quarter, compared to the consensus estimate of $27.51 billion. During the same period in the prior year, the firm posted $0.34 EPS. Fiat Chrysler Automobiles NV’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts predict that Fiat Chrysler Automobiles NV will post $2.35 EPS for the current year.
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Several hedge funds have recently made changes to their positions in FCAU. FIL Ltd increased its stake in shares of Fiat Chrysler Automobiles NV by 22.8% in the fourth quarter. FIL Ltd now owns 1,545,399 shares of the company’s stock worth $14,096,000 after buying an additional 286,601 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Fiat Chrysler Automobiles NV during the fourth quarter worth about $7,197,000. Russell Investments Group Ltd. bought a new stake in shares of Fiat Chrysler Automobiles NV during the fourth quarter worth about $127,532,000. Roundview Capital LLC bought a new stake in shares of Fiat Chrysler Automobiles NV during the fourth quarter worth about $476,000. Finally, East Coast Asset Management LLC. increased its stake in shares of Fiat Chrysler Automobiles NV by 0.9% in the third quarter. East Coast Asset Management LLC. now owns 235,825 shares of the company’s stock worth $1,509,000 after buying an additional 2,050 shares during the last quarter. 23.17% of the stock is currently owned by hedge funds and other institutional investors.
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