Fiat Chrysler Automobiles N.V. (NYSE:FCAU) issued its quarterly earnings data on Tuesday. The company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.11, reports. The firm had revenue of $26.41 billion during the quarter, compared to analyst estimates of $26.98 billion. Fiat Chrysler Automobiles N.V. had a return on equity of 15.69% and a net margin of 2.51%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 earnings per share.
Fiat Chrysler Automobiles N.V. (NYSE FCAU) opened at 17.45 on Wednesday. The company has a 50-day moving average price of $17.20 and a 200 day moving average price of $12.98. The stock has a market cap of $26.83 billion, a price-to-earnings ratio of 7.90 and a beta of 1.73. Fiat Chrysler Automobiles N.V. has a 52-week low of $6.61 and a 52-week high of $18.10.
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FCAU has been the subject of a number of research analyst reports. Morgan Stanley restated an “overweight” rating and set a $14.00 price objective on shares of Fiat Chrysler Automobiles N.V. in a research report on Monday, July 17th. Kepler Capital Markets upgraded Fiat Chrysler Automobiles N.V. from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research lowered Fiat Chrysler Automobiles N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC lifted their price target on Fiat Chrysler Automobiles N.V. from $14.00 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Finally, Bank of America Corporation upgraded Fiat Chrysler Automobiles N.V. from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $9.00 to $18.00 in a research report on Monday, August 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Fiat Chrysler Automobiles N.V. currently has an average rating of “Buy” and an average price target of $15.70.
An institutional investor recently bought a new position in Fiat Chrysler Automobiles N.V. stock. State Street Corp acquired a new stake in Fiat Chrysler Automobiles N.V. (NYSE:FCAU) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 235,639 shares of the company’s stock, valued at approximately $2,505,000. 28.80% of the stock is 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.
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