HSBC Downgrades Fiat Chrysler Automobiles (FCAU) to Hold

HSBC lowered shares of Fiat Chrysler Automobiles (NYSE:FCAU) from a buy rating to a hold rating in a report issued on Friday morning, MarketBeat.com reports.

FCAU has been the subject of several other reports. Zacks Investment Research downgraded Fiat Chrysler Automobiles from a hold rating to a strong sell rating in a report on Wednesday, September 26th. ValuEngine downgraded Fiat Chrysler Automobiles from a hold rating to a sell rating in a report on Monday, August 13th. Jefferies Financial Group upgraded Fiat Chrysler Automobiles from a hold rating to a buy rating and set a $23.00 price target for the company in a report on Thursday, July 5th. They noted that the move was a valuation call. Exane BNP Paribas upgraded Fiat Chrysler Automobiles from a neutral rating to an outperform rating in a report on Wednesday, September 12th. Finally, BNP Paribas upgraded Fiat Chrysler Automobiles from a neutral rating to an outperform rating in a report on Wednesday, September 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $23.02.

Shares of Fiat Chrysler Automobiles stock opened at $16.01 on Friday. Fiat Chrysler Automobiles has a 1 year low of $15.19 and a 1 year high of $24.95. The stock has a market capitalization of $31.22 billion, a price-to-earnings ratio of 5.89, a price-to-earnings-growth ratio of 0.18 and a beta of 1.90. The company has a quick ratio of 0.53, a current ratio of 0.82 and a debt-to-equity ratio of 0.46.



Several large investors have recently bought and sold shares of the stock. Sei Investments Co. grew its holdings in shares of Fiat Chrysler Automobiles by 7.5% during the first quarter. Sei Investments Co. now owns 36,830 shares of the company’s stock worth $756,000 after buying an additional 2,560 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its holdings in shares of Fiat Chrysler Automobiles by 1.0% during the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 325,049 shares of the company’s stock worth $5,838,000 after buying an additional 3,253 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Fiat Chrysler Automobiles by 154.5% during the second quarter. Tower Research Capital LLC TRC now owns 6,107 shares of the company’s stock worth $115,000 after buying an additional 3,707 shares in the last quarter. Eqis Capital Management Inc. grew its holdings in shares of Fiat Chrysler Automobiles by 15.9% during the second quarter. Eqis Capital Management Inc. now owns 28,838 shares of the company’s stock worth $545,000 after buying an additional 3,959 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in shares of Fiat Chrysler Automobiles by 11.5% during the second quarter. Macquarie Group Ltd. now owns 39,700 shares of the company’s stock worth $750,000 after buying an additional 4,100 shares in the last quarter. Institutional investors and hedge funds own 25.96% of the company’s stock.

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.

Further Reading: Bear Market

Analyst Recommendations for Fiat Chrysler Automobiles (NYSE:FCAU)

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