Fiat Chrysler Automobiles (FCAU) Stock Rating Upgraded by BNP Paribas

Fiat Chrysler Automobiles (NYSE:FCAU) was upgraded by analysts at BNP Paribas from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday, MarketBeat reports.

Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Fiat Chrysler Automobiles from a “neutral” rating to an “overweight” rating in a report on Friday, January 5th. Zacks Investment Research upgraded shares of Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Wednesday, December 20th. ValuEngine cut shares of Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Morgan Stanley lifted their price target on shares of Fiat Chrysler Automobiles from $14.00 to $18.00 and gave the company an “overweight” rating in a report on Tuesday, November 21st. Finally, BidaskClub cut shares of Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $16.67.

Shares of Fiat Chrysler Automobiles (NYSE FCAU) opened at $23.93 on Friday. The firm has a market cap of $36,787.45, a price-to-earnings ratio of 10.40, a P/E/G ratio of 0.43 and a beta of 1.63. Fiat Chrysler Automobiles has a fifty-two week low of $9.60 and a fifty-two week high of $23.94. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 0.59.

Fiat Chrysler Automobiles (NYSE:FCAU) last released its quarterly earnings results on Tuesday, October 24th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.16. Fiat Chrysler Automobiles had a net margin of 2.81% and a return on equity of 16.08%. equities analysts expect that Fiat Chrysler Automobiles will post 2.69 EPS for the current year.

Several hedge funds have recently made changes to their positions in FCAU. Baillie Gifford & Co. raised its position in shares of Fiat Chrysler Automobiles by 18.2% in the 3rd quarter. Baillie Gifford & Co. now owns 79,791,751 shares of the company’s stock worth $1,430,041,000 after purchasing an additional 12,275,873 shares during the last quarter. Harris Associates L P raised its position in shares of Fiat Chrysler Automobiles by 0.4% in the 2nd quarter. Harris Associates L P now owns 56,811,079 shares of the company’s stock worth $603,902,000 after purchasing an additional 215,789 shares during the last quarter. FMR LLC raised its position in shares of Fiat Chrysler Automobiles by 5.8% in the 2nd quarter. FMR LLC now owns 28,957,759 shares of the company’s stock worth $306,684,000 after purchasing an additional 1,580,544 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Fiat Chrysler Automobiles by 9.2% in the 2nd quarter. Vanguard Group Inc. now owns 27,193,557 shares of the company’s stock worth $289,068,000 after purchasing an additional 2,299,117 shares during the last quarter. Finally, Ruane Cunniff & Goldfarb Inc. raised its position in shares of Fiat Chrysler Automobiles by 25.1% in the 3rd quarter. Ruane Cunniff & Goldfarb Inc. now owns 25,061,340 shares of the company’s stock worth $448,849,000 after purchasing an additional 5,029,683 shares during the last quarter. Hedge funds and other institutional investors own 31.22% of the company’s stock.

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About Fiat Chrysler Automobiles

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 (NYSE:FCAU)

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