Fiat Chrysler Automobiles (NYSE:FCAU) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Fiat Chrysler Automobiles (NYSE:FCAU) from a hold rating to a buy rating in a research note released on Wednesday, Zacks.com reports. Zacks Investment Research currently has $16.00 price objective on the stock.

According to Zacks, “Fiat Chrysler Automobiles NV operates as an international automotive company. It is engaged in designing, engineering, manufacturing, distributing and selling vehicles and components and production systems. The Company operates under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. It also produces metallurgical products and production systems for the automobile industry, and owns publishing and insurance companies. Fiat Chrysler Automobiles NV is based in United Kingdom. “

Other equities analysts have also recently issued research reports about the company. Bank of America set a $20.00 target price on Fiat Chrysler Automobiles and gave the stock a hold rating in a report on Thursday, June 6th. Evercore ISI upgraded RENAULT S A/ADR to an outperform rating in a report on Tuesday, May 28th. Jefferies Financial Group reiterated a sell rating on shares of Hi-Crush Partners in a report on Tuesday, April 2nd. ValuEngine upgraded VESTAS WIND SYS/ADR from a hold rating to a buy rating in a report on Thursday, May 9th. Finally, Nomura set a $76.00 target price on Mongodb and gave the stock a sell rating in a report on Wednesday, June 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Fiat Chrysler Automobiles presently has an average rating of Hold and an average target price of $18.31.



NYSE FCAU opened at $14.13 on Wednesday. The stock has a market cap of $27.69 billion, a PE ratio of 3.74, a PEG ratio of 1.66 and a beta of 1.74. The company’s 50 day moving average price is $13.55. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.82 and a quick ratio of 0.57. Fiat Chrysler Automobiles has a 1-year low of $12.58 and a 1-year high of $20.08.

Fiat Chrysler Automobiles (NYSE:FCAU) last announced its earnings results on Friday, May 3rd. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.08). The company had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $25.70 billion. Fiat Chrysler Automobiles had a return on equity of 18.57% and a net margin of 2.85%. Fiat Chrysler Automobiles’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 EPS. Equities analysts predict that Fiat Chrysler Automobiles will post 3.01 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Harris Associates L P boosted its holdings in Fiat Chrysler Automobiles by 8.3% during the 4th 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 period. AQR Capital Management LLC boosted its holdings in Fiat Chrysler Automobiles by 35.0% during the 1st quarter. AQR Capital Management LLC now owns 22,405,702 shares of the company’s stock valued at $333,709,000 after acquiring an additional 5,807,093 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in Fiat Chrysler Automobiles by 2.2% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 15,684,533 shares of the company’s stock valued at $232,917,000 after acquiring an additional 334,243 shares during the period. Norges Bank purchased a new position in Fiat Chrysler Automobiles during the 4th quarter valued at $173,203,000. Finally, Swiss National Bank boosted its holdings in Fiat Chrysler Automobiles by 4.0% during the 1st quarter. Swiss National Bank now owns 5,106,305 shares of the company’s stock valued at $76,083,000 after acquiring an additional 197,546 shares during the period. Institutional investors own 26.45% of the company’s stock.

About Fiat Chrysler Automobiles

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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