Fiat Chrysler Automobiles (FCAU) Shares Gap Up to $16.07

Fiat Chrysler Automobiles NV (NYSE:FCAU) gapped up before the market opened on Monday . The stock had previously closed at $16.04, but opened at $16.07. Fiat Chrysler Automobiles shares last traded at $16.16, with a volume of 57478 shares traded.

A number of research firms have recently weighed in on FCAU. Zacks Investment Research downgraded Fiat Chrysler Automobiles from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 5th. ValuEngine upgraded Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Jefferies Financial Group cut Fiat Chrysler Automobiles to a “hold” rating in a research report on Tuesday, April 2nd. Barclays cut Fiat Chrysler Automobiles from an “overweight” rating to an “equal weight” rating and set a $15.23 target price on the stock. in a research report on Friday, February 8th. Finally, UBS Group cut Fiat Chrysler Automobiles from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Fiat Chrysler Automobiles currently has a consensus rating of “Hold” and an average target price of $17.74.

The firm has a market capitalization of $31.42 billion, a price-to-earnings ratio of 4.28, a PEG ratio of 0.63 and a beta of 1.81. The company has a quick ratio of 0.59, a current ratio of 0.82 and a debt-to-equity ratio of 0.35.



Fiat Chrysler Automobiles (NYSE:FCAU) last released its quarterly earnings results on Thursday, February 7th. The company reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.03. The company had revenue of $30.62 billion for the quarter, compared to analysts’ expectations of $29.94 billion. Fiat Chrysler Automobiles had a return on equity of 21.32% and a net margin of 3.15%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 earnings per share. On average, equities analysts forecast that Fiat Chrysler Automobiles NV will post 2.8 EPS for the current fiscal year.

The firm also recently declared an annual dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Wednesday, April 24th will be paid a $0.7353 dividend. This represents a yield of 4.91%. The ex-dividend date of this dividend is Tuesday, April 23rd.

Several large investors have recently modified their holdings of FCAU. Norges Bank bought a new stake in shares of Fiat Chrysler Automobiles in the 4th quarter worth approximately $173,203,000. Harris Associates L P lifted its position in Fiat Chrysler Automobiles by 8.3% in the fourth quarter. Harris Associates L P now owns 63,059,845 shares of the company’s stock valued at $911,845,000 after acquiring an additional 4,846,035 shares during the last quarter. Marshall Wace LLP lifted its position in Fiat Chrysler Automobiles by 169.5% in the third quarter. Marshall Wace LLP now owns 5,217,070 shares of the company’s stock valued at $91,627,000 after acquiring an additional 3,281,247 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Fiat Chrysler Automobiles by 40.7% in the third quarter. Dimensional Fund Advisors LP now owns 2,689,336 shares of the company’s stock valued at $47,090,000 after buying an additional 778,545 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Fiat Chrysler Automobiles by 2.1% in the third quarter. Vanguard Group Inc. now owns 31,221,379 shares of the company’s stock valued at $546,687,000 after buying an additional 654,779 shares during the last quarter. 27.61% of the stock is currently owned by institutional investors.

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About Fiat Chrysler Automobiles (NYSE:FCAU)

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through five segments: NAFTA, LATAM, APAC, EMEA, and Maserati. It provides passenger cars, SUV vehicles, 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.

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