Analysts Set Fiat Chrysler Automobiles N.V. (FCAU) Target Price at $14.68

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) has been assigned a consensus recommendation of “Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $14.68.

FCAU has been the topic of several recent analyst reports. Zacks Investment Research lowered Fiat Chrysler Automobiles N.V. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Bank of America Corporation raised Fiat Chrysler Automobiles N.V. from an “underperform” rating to a “neutral” rating and upped their target price for the company from $9.00 to $18.00 in a research report on Monday, August 28th. Barclays PLC raised Fiat Chrysler Automobiles N.V. from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $15.53 to $10.00 in a research report on Wednesday, September 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $14.00 target price on shares of Fiat Chrysler Automobiles N.V. in a research report on Monday, July 17th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Fiat Chrysler Automobiles N.V. in a research report on Thursday, September 7th.

A number of institutional investors have recently bought and sold shares of the business. Harris Associates L P grew its stake in Fiat Chrysler Automobiles N.V. by 0.4% during the 2nd quarter. Harris Associates L P now owns 56,811,079 shares of the company’s stock valued at $603,902,000 after purchasing an additional 215,789 shares during the last quarter. AQR Capital Management LLC grew its stake in Fiat Chrysler Automobiles N.V. by 56.9% during the 1st quarter. AQR Capital Management LLC now owns 31,563,111 shares of the company’s stock valued at $346,023,000 after purchasing an additional 11,450,245 shares during the last quarter. FMR LLC grew its stake in Fiat Chrysler Automobiles N.V. by 5.8% during the 2nd quarter. FMR LLC now owns 28,957,759 shares of the company’s stock valued at $306,684,000 after purchasing an additional 1,580,544 shares during the last quarter. Vanguard Group Inc. grew its stake in Fiat Chrysler Automobiles N.V. by 9.2% during the 2nd quarter. Vanguard Group Inc. now owns 27,193,557 shares of the company’s stock valued at $289,068,000 after purchasing an additional 2,299,117 shares during the last quarter. Finally, Dalal Street LLC grew its stake in Fiat Chrysler Automobiles N.V. by 1.4% during the 2nd quarter. Dalal Street LLC now owns 13,109,310 shares of the company’s stock valued at $139,352,000 after purchasing an additional 187,180 shares during the last quarter. Institutional investors and hedge funds own 28.78% of the company’s stock.

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Fiat Chrysler Automobiles N.V. (NYSE:FCAU) traded up 0.34% during midday trading on Friday, hitting $17.80. The company had a trading volume of 2,647,949 shares. Fiat Chrysler Automobiles N.V. has a 52 week low of $6.14 and a 52 week high of $18.10. The stock has a market capitalization of $27.36 billion, a PE ratio of 8.09 and a beta of 1.72. The stock has a 50 day moving average price of $16.42 and a 200-day moving average price of $12.44.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last announced its earnings results on Thursday, July 27th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.17. Fiat Chrysler Automobiles N.V. had a return on equity of 15.69% and a net margin of 2.51%. The company had revenue of $27.93 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same period in the prior year, the company posted $0.45 EPS. The firm’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts predict that Fiat Chrysler Automobiles N.V. will post $2.57 EPS for the current year.

About Fiat Chrysler Automobiles N.V.

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.

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

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