Fiat Chrysler Automobiles N.V. (NYSE:FCAU) Receives “Overweight” Rating from Morgan Stanley

Morgan Stanley reissued their overweight rating on shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) in a research note issued to investors on Monday morning. They currently have a $14.00 price objective on the stock.

FCAU has been the topic of several other reports. Vetr raised Fiat Chrysler Automobiles N.V. from a buy rating to a strong-buy rating and set a $12.35 target price on the stock in a research report on Tuesday, March 21st. Zacks Investment Research lowered Fiat Chrysler Automobiles N.V. from a buy rating to a hold rating in a research report on Tuesday, April 4th. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating on shares of Fiat Chrysler Automobiles N.V. in a research report on Thursday, April 20th. Jefferies Group LLC set a $14.00 target price on Fiat Chrysler Automobiles N.V. and gave the stock a buy rating in a research report on Monday, May 22nd. Finally, Bank of America Corporation reaffirmed an underperform rating and issued a $9.00 target price (down from $10.00) on shares of Fiat Chrysler Automobiles N.V. in a research report on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Fiat Chrysler Automobiles N.V. has a consensus rating of Hold and an average target price of $12.55.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) opened at 11.97 on Monday. The firm has a market capitalization of $18.40 billion, a PE ratio of 8.13 and a beta of 1.67. Fiat Chrysler Automobiles N.V. has a one year low of $6.01 and a one year high of $12.04. The stock has a 50 day moving average of $11.01 and a 200-day moving average of $10.81.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.05. The business had revenue of $27.72 billion for the quarter, compared to analyst estimates of $27.51 billion. Fiat Chrysler Automobiles N.V. had a return on equity of 14.39% and a net margin of 1.76%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. On average, equities analysts predict that Fiat Chrysler Automobiles N.V. will post $2.48 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. raised its position in shares of Fiat Chrysler Automobiles N.V. by 0.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 102,728 shares of the company’s stock worth $1,123,000 after buying an additional 400 shares during the period. US Bancorp DE raised its position in shares of Fiat Chrysler Automobiles N.V. by 5.7% in the first quarter. US Bancorp DE now owns 10,892 shares of the company’s stock worth $120,000 after buying an additional 589 shares during the period. Greenleaf Trust raised its position in shares of Fiat Chrysler Automobiles N.V. by 6.6% in the first quarter. Greenleaf Trust now owns 16,709 shares of the company’s stock worth $183,000 after buying an additional 1,040 shares during the period. Stifel Financial Corp raised its position in shares of Fiat Chrysler Automobiles N.V. by 4.1% in the first quarter. Stifel Financial Corp now owns 28,768 shares of the company’s stock worth $313,000 after buying an additional 1,138 shares during the period. Finally, Ronald Blue & Co. LLC raised its position in shares of Fiat Chrysler Automobiles N.V. by 6.3% in the first quarter. Ronald Blue & Co. LLC now owns 19,852 shares of the company’s stock worth $217,000 after buying an additional 1,183 shares during the period. 29.54% of the stock is currently owned by institutional investors.

Analyst Recommendations for Fiat Chrysler Automobiles N.V. (NYSE:FCAU)

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