Fiat Chrysler Automobiles N.V. (FCAU) Given Underperform Rating at Bank of America Corporation

Bank of America Corporation reaffirmed their underperform rating on shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) in a research report report published on Friday morning. Bank of America Corporation currently has a $9.00 target price on the stock, down from their previous target price of $10.00.

Several other research firms have also commented on FCAU. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating on shares of Fiat Chrysler Automobiles N.V. in a research report on Friday, March 17th. Vetr raised shares of Fiat Chrysler Automobiles N.V. from a sell rating to a hold rating and set a $11.20 price target for the company in a research report on Thursday, February 16th. Morgan Stanley reduced their price target on shares of Fiat Chrysler Automobiles N.V. from $15.00 to $14.00 and set an overweight rating for the company in a research report on Friday, June 9th. Jefferies Group LLC set a $14.00 price target on shares of Fiat Chrysler Automobiles N.V. and gave the company a buy rating in a research report on Monday, May 22nd. Finally, Zacks Investment Research raised shares of Fiat Chrysler Automobiles N.V. from a hold rating to a buy rating and set a $11.00 price target for the company in a research report on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $12.55.

Shares of Fiat Chrysler Automobiles N.V. (FCAU) traded up 0.1423% during trading on Friday, reaching $10.6251. 2,460,479 shares of the company’s stock were exchanged. Fiat Chrysler Automobiles N.V. has a 12 month low of $5.45 and a 12 month high of $11.65. The stock has a 50-day moving average price of $10.87 and a 200 day moving average price of $10.38. The firm has a market cap of $16.33 billion, a price-to-earnings ratio of 7.4146 and a beta of 1.67.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last released its quarterly earnings results 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 N.V. had a net margin of 1.76% and a return on equity of 14.39%. The firm had revenue of $27.72 billion during the quarter, compared to analyst estimates of $27.51 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts forecast that Fiat Chrysler Automobiles N.V. will post $2.37 EPS for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of FCAU. Comerica Bank increased its position in Fiat Chrysler Automobiles N.V. by 13.0% in the fourth quarter. Comerica Bank now owns 73,065 shares of the company’s stock valued at $711,000 after buying an additional 8,432 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Fiat Chrysler Automobiles N.V. by 2.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 102,328 shares of the company’s stock valued at $933,000 after buying an additional 2,130 shares during the last quarter. Prudential PLC increased its position in Fiat Chrysler Automobiles N.V. by 4.7% in the fourth quarter. Prudential PLC now owns 472,979 shares of the company’s stock valued at $4,314,000 after buying an additional 21,114 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Fiat Chrysler Automobiles N.V. by 402.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,481,882 shares of the company’s stock valued at $13,515,000 after buying an additional 1,187,195 shares during the last quarter. Finally, FMR LLC increased its position in Fiat Chrysler Automobiles N.V. by 1,283.3% in the fourth quarter. FMR LLC now owns 14,540,100 shares of the company’s stock valued at $132,623,000 after buying an additional 13,489,000 shares during the last quarter. Institutional investors and hedge funds own 29.53% of the company’s stock.

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