Fiat Chrysler Automobiles (NYSE:FCAU) Lifted to “Outperform” at BNP Paribas

BNP Paribas upgraded shares of Fiat Chrysler Automobiles (NYSE:FCAU) from a neutral rating to an outperform rating in a report published on Tuesday morning, Briefing.com Automated Import reports.

FCAU has been the subject of several other research reports. Redburn Partners upgraded shares of Fiat Chrysler Automobiles from a sell rating to a neutral rating in a report on Friday, November 1st. Goldman Sachs Group began coverage on shares of Fiat Chrysler Automobiles in a research report on Monday, July 15th. They issued a sell rating and a $14.18 price objective on the stock. Commerzbank raised shares of Fiat Chrysler Automobiles from a hold rating to a buy rating in a research report on Wednesday, October 30th. ValuEngine raised shares of Fiat Chrysler Automobiles from a sell rating to a hold rating in a research report on Friday, November 1st. Finally, Zacks Investment Research raised shares of Fiat Chrysler Automobiles from a sell rating to a hold rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Fiat Chrysler Automobiles has a consensus rating of Hold and an average price target of $15.85.

Shares of NYSE:FCAU traded up $0.05 during trading hours on Tuesday, hitting $16.03. The company’s stock had a trading volume of 1,856,905 shares, compared to its average volume of 10,657,430. Fiat Chrysler Automobiles has a 52 week low of $12.11 and a 52 week high of $17.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.82 and a quick ratio of 0.57. The company has a market capitalization of $31.16 billion, a price-to-earnings ratio of 4.24, a P/E/G ratio of 1.99 and a beta of 1.74. The firm’s fifty day moving average price is $13.86 and its 200 day moving average price is $13.69.

Fiat Chrysler Automobiles (NYSE:FCAU) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.07). Fiat Chrysler Automobiles had a net margin of 2.33% and a return on equity of 15.99%. The business had revenue of $30.38 billion during the quarter, compared to the consensus estimate of $30.11 billion. On average, equities research analysts predict that Fiat Chrysler Automobiles will post 2.85 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of FCAU. Capital Asset Advisory Services LLC purchased a new position in shares of Fiat Chrysler Automobiles in the 2nd quarter worth approximately $376,000. Arbor Wealth Management LLC grew its position in Fiat Chrysler Automobiles by 50.2% during the 2nd quarter. Arbor Wealth Management LLC now owns 390,325 shares of the company’s stock worth $5,394,000 after purchasing an additional 130,499 shares during the last quarter. SOL Capital Management CO grew its position in Fiat Chrysler Automobiles by 12.3% during the 2nd quarter. SOL Capital Management CO now owns 34,650 shares of the company’s stock worth $479,000 after purchasing an additional 3,800 shares during the last quarter. Mackey Komara & Dankovich LLC grew its position in Fiat Chrysler Automobiles by 268.1% during the 2nd quarter. Mackey Komara & Dankovich LLC now owns 694,885 shares of the company’s stock worth $9,603,000 after purchasing an additional 506,113 shares during the last quarter. Finally, Camelot Portfolios LLC grew its position in Fiat Chrysler Automobiles by 7.0% during the 2nd quarter. Camelot Portfolios LLC now owns 113,191 shares of the company’s stock worth $1,564,000 after purchasing an additional 7,360 shares during the last quarter. 23.51% of the stock is currently owned by hedge funds and other institutional investors.

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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