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.
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
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