Fiat Chrysler Automobiles NV (NYSE:FCAU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
According to Zacks, “Fiat Chrysler Automobiles NV operates as an international automotive company. It is engaged in designing, engineering, manufacturing, distributing and selling vehicles and components and production systems. The Company operates under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. It also produces metallurgical products and production systems for the automobile industry, and owns publishing and insurance companies. Fiat Chrysler Automobiles NV is based in United Kingdom. “
A number of other equities analysts have also recently issued reports on FCAU. Citigroup Inc. cut shares of Fiat Chrysler Automobiles NV from a “neutral” rating to a “sell” rating in a research report on Thursday, June 16th. Goldman Sachs Group Inc. cut shares of Fiat Chrysler Automobiles NV from a “conviction-buy” rating to a “buy” rating in a research report on Monday, June 27th. Barclays PLC cut shares of Fiat Chrysler Automobiles NV from an “overweight” rating to an “underweight” rating and cut their target price for the stock from $10.00 to $5.50 in a research report on Wednesday, July 6th. Vetr cut shares of Fiat Chrysler Automobiles NV from a “strong-buy” rating to a “strong sell” rating and set a $5.50 target price for the company. in a research report on Monday, July 18th. Finally, Jefferies Group initiated coverage on shares of Fiat Chrysler Automobiles NV in a research report on Tuesday, August 9th. They set a “buy” rating for the company. Six investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $7.71.
Fiat Chrysler Automobiles NV (NYSE:FCAU) opened at 6.58 on Tuesday. Fiat Chrysler Automobiles NV has a one year low of $5.45 and a one year high of $10.89. The stock has a 50 day moving average of $6.61 and a 200 day moving average of $6.98. The firm has a market capitalization of $8.48 billion, a price-to-earnings ratio of 12.56 and a beta of 1.81.
Fiat Chrysler Automobiles NV (NYSE:FCAU) last announced its earnings results on Wednesday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The company earned $27.89 billion during the quarter, compared to analysts’ expectations of $28.89 billion. Fiat Chrysler Automobiles NV had a net margin of 0.67% and a return on equity of 16.12%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 earnings per share. Analysts forecast that Fiat Chrysler Automobiles NV will post $1.64 earnings per share for the current year.
Large investors have recently modified their holdings of the company. BLB&B Advisors LLC purchased a new stake in shares of Fiat Chrysler Automobiles NV during the second quarter worth approximately $100,000. Atria Investments LLC bought a new stake in Fiat Chrysler Automobiles NV during the second quarter worth about $155,000. BNP Paribas Arbitrage SA increased its stake in Fiat Chrysler Automobiles NV by 453.7% in the second quarter. BNP Paribas Arbitrage SA now owns 113,959 shares of the company’s stock worth $697,000 after buying an additional 93,377 shares during the last quarter. Moore Capital Management LP bought a new stake in Fiat Chrysler Automobiles NV during the first quarter worth about $807,000. Finally, AMP Capital Investors Ltd increased its stake in Fiat Chrysler Automobiles NV by 29.0% in the first quarter. AMP Capital Investors Ltd now owns 999,807 shares of the company’s stock worth $8,249,000 after buying an additional 224,535 shares during the last quarter. Institutional investors and hedge funds own 26.64% of the company’s stock.
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