Fiat Chrysler Automobiles N.V. (FCAU) Downgraded by BidaskClub

BidaskClub downgraded shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) from a strong-buy rating to a buy rating in a research note published on Saturday morning.

Several other equities analysts have also weighed in on the stock. Deutsche Bank AG reissued a hold rating on shares of Fiat Chrysler Automobiles N.V. in a research report on Thursday, September 7th. Barclays PLC raised shares of Fiat Chrysler Automobiles N.V. from an equal weight rating to an overweight rating and dropped their price objective for the company from $15.53 to $10.00 in a research report on Wednesday, September 6th. Zacks Investment Research lowered shares of 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 shares of Fiat Chrysler Automobiles N.V. from an underperform rating to a neutral rating and increased their price objective for the company from $9.00 to $18.00 in a research report on Monday, August 28th. Finally, Jefferies Group LLC increased their price objective on shares of Fiat Chrysler Automobiles N.V. from $14.00 to $19.00 and gave the company a buy rating in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Fiat Chrysler Automobiles N.V. presently has an average rating of Buy and a consensus target price of $15.41.

Fiat Chrysler Automobiles N.V. (FCAU) opened at 17.80 on Friday. The company has a market cap of $27.36 billion, a P/E ratio of 8.09 and a beta of 1.72. Fiat Chrysler Automobiles N.V. has a 12-month low of $6.14 and a 12-month high of $18.10. The stock’s 50 day moving average is $16.55 and its 200 day moving average is $12.49.

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

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A number of large investors have recently added to or reduced their stakes in FCAU. AQR Capital Management LLC increased its position in Fiat Chrysler Automobiles N.V. by 56.9% during the first quarter. AQR Capital Management LLC now owns 31,563,111 shares of the company’s stock worth $346,023,000 after acquiring an additional 11,450,245 shares during the period. SRS Investment Management LLC increased its position in Fiat Chrysler Automobiles N.V. by 1,315.8% during the first quarter. SRS Investment Management LLC now owns 10,680,904 shares of the company’s stock worth $116,742,000 after acquiring an additional 9,926,516 shares during the period. Renaissance Technologies LLC increased its position in Fiat Chrysler Automobiles N.V. by 118.4% during the second quarter. Renaissance Technologies LLC now owns 8,320,100 shares of the company’s stock worth $88,443,000 after acquiring an additional 4,510,540 shares during the period. Vanguard Group Inc. increased its position in Fiat Chrysler Automobiles N.V. by 9.2% during the second quarter. Vanguard Group Inc. now owns 27,193,557 shares of the company’s stock worth $289,068,000 after acquiring an additional 2,299,117 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in Fiat Chrysler Automobiles N.V. during the second quarter worth about $22,197,000. 28.78% of the stock is currently owned by institutional investors and hedge funds.

Fiat Chrysler Automobiles N.V. Company Profile

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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