Morgan Stanley Increases Fiat Chrysler Automobiles (FCAU) Price Target to $28.00

Fiat Chrysler Automobiles (NYSE:FCAU) had its price objective lifted by Morgan Stanley from $26.00 to $28.00 in a research note issued to investors on Tuesday morning. They currently have an overweight rating on the stock.

Several other research analysts have also issued reports on the company. Nomura began coverage on Fiat Chrysler Automobiles in a research report on Wednesday, March 21st. They set a neutral rating and a $19.00 target price for the company. Instinet started coverage on Fiat Chrysler Automobiles in a research report on Wednesday, March 21st. They set a neutral rating and a $21.10 target price for the company. ValuEngine lowered Fiat Chrysler Automobiles from a strong-buy rating to a buy rating in a report on Monday, February 5th. Vetr upgraded Fiat Chrysler Automobiles from a buy rating to a strong-buy rating and set a $25.70 price target for the company in a report on Monday, February 5th. Finally, Zacks Investment Research upgraded Fiat Chrysler Automobiles from a hold rating to a buy rating and set a $27.00 price target for the company in a report on Friday, January 26th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $20.79.

Shares of NYSE:FCAU opened at $23.52 on Tuesday. Fiat Chrysler Automobiles has a 1 year low of $9.60 and a 1 year high of $24.95. The company has a market cap of $44,554.83, a price-to-earnings ratio of 8.63 and a beta of 2.07. The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 0.51.



Fiat Chrysler Automobiles (NYSE:FCAU) last announced its earnings results on Thursday, January 25th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.18. Fiat Chrysler Automobiles had a return on equity of 18.81% and a net margin of 3.17%. The business had revenue of $28.88 billion during the quarter, compared to analyst estimates of $30.08 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. analysts anticipate that Fiat Chrysler Automobiles will post 3.65 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in FCAU. MEAG MUNICH ERGO AssetManagement GmbH purchased a new stake in shares of Fiat Chrysler Automobiles in the fourth quarter valued at approximately $176,000. Weil Company Inc. bought a new position in Fiat Chrysler Automobiles in the fourth quarter worth approximately $178,000. Regentatlantic Capital LLC bought a new position in Fiat Chrysler Automobiles in the fourth quarter worth approximately $183,000. Ballentine Partners LLC bought a new position in Fiat Chrysler Automobiles in the fourth quarter worth approximately $191,000. Finally, Lorber David A raised its stake in Fiat Chrysler Automobiles by 38.3% in the third quarter. Lorber David A now owns 11,844 shares of the company’s stock worth $212,000 after buying an additional 3,279 shares in the last quarter. Hedge funds and other institutional investors own 25.84% of the company’s stock.

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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 six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, 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.

Analyst Recommendations for Fiat Chrysler Automobiles (NYSE:FCAU)

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