Fiat Chrysler Automobiles (FCAU) Stock Rating Lowered by Jefferies Financial Group

Fiat Chrysler Automobiles (NYSE:FCAU) was downgraded by investment analysts at Jefferies Financial Group to a “hold” rating in a research report issued on Tuesday, The Fly reports.

FCAU has been the subject of several other research reports. Zacks Investment Research raised Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Friday, January 4th. ValuEngine raised Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Barclays downgraded Fiat Chrysler Automobiles from an “overweight” rating to an “equal weight” rating and set a $15.23 price target for the company. in a report on Friday, February 8th. Finally, UBS Group downgraded Fiat Chrysler Automobiles from a “buy” rating to a “neutral” rating in a report on Tuesday, February 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Fiat Chrysler Automobiles has a consensus rating of “Hold” and an average price target of $20.31.

Shares of NYSE FCAU opened at $15.24 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.82 and a quick ratio of 0.59. The stock has a market capitalization of $29.86 billion, a price-to-earnings ratio of 4.03, a price-to-earnings-growth ratio of 0.56 and a beta of 1.82. Fiat Chrysler Automobiles has a fifty-two week low of $14.01 and a fifty-two week high of $24.41.

Fiat Chrysler Automobiles (NYSE:FCAU) last issued its quarterly earnings results on Thursday, February 7th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. The business had revenue of $30.62 billion during the quarter, compared to the consensus estimate of $29.94 billion. Fiat Chrysler Automobiles had a return on equity of 21.32% and a net margin of 3.15%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.70 earnings per share. On average, equities analysts anticipate that Fiat Chrysler Automobiles will post 2.95 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the stock. Wetherby Asset Management Inc. lifted its holdings in shares of Fiat Chrysler Automobiles by 2.7% during the fourth quarter. Wetherby Asset Management Inc. now owns 34,991 shares of the company’s stock worth $506,000 after purchasing an additional 905 shares during the period. Comerica Bank raised its position in Fiat Chrysler Automobiles by 1.2% during the fourth quarter. Comerica Bank now owns 90,528 shares of the company’s stock valued at $1,510,000 after acquiring an additional 1,088 shares in the last quarter. Cigna Investments Inc. New raised its position in Fiat Chrysler Automobiles by 8.1% during the fourth quarter. Cigna Investments Inc. New now owns 15,646 shares of the company’s stock valued at $227,000 after acquiring an additional 1,176 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Fiat Chrysler Automobiles by 7.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 18,292 shares of the company’s stock valued at $264,000 after acquiring an additional 1,225 shares in the last quarter. Finally, Parisi Gray Wealth Management raised its position in Fiat Chrysler Automobiles by 273.5% during the fourth quarter. Parisi Gray Wealth Management now owns 1,789 shares of the company’s stock valued at $26,000 after acquiring an additional 1,310 shares in the last quarter. 27.61% of the stock is owned by hedge funds and other institutional investors.

Fiat Chrysler Automobiles 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 five segments: NAFTA, LATAM, APAC, EMEA, and Maserati. It provides passenger cars, SUV vehicles, trucks, and light commercial vehicles under the Jeep, Ram, Dodge, Chrysler, Fiat, Fiat Professional, Alfa Romeo, and Abarth brands; 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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