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.
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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