Fiat Chrysler Automobiles NV (FCAU) Receives $20.72 Consensus Price Target from Brokerages

Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) have been given a consensus rating of “Buy” by the fifteen research firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $20.72.

FCAU has been the topic of a number of analyst reports. BidaskClub downgraded shares of Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 14th. ValuEngine downgraded shares of Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Wednesday, December 20th. Morgan Stanley lifted their price objective on shares of Fiat Chrysler Automobiles from $14.00 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 21st. Finally, Citigroup raised shares of Fiat Chrysler Automobiles from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $6.87 to $18.33 in a research report on Friday, November 10th.

Fiat Chrysler Automobiles (NYSE FCAU) traded up $0.80 during midday trading on Friday, reaching $22.34. 5,105,311 shares of the company’s stock were exchanged, compared to its average volume of 7,800,000. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Fiat Chrysler Automobiles has a 1-year low of $9.60 and a 1-year high of $24.95. The stock has a market cap of $33,110.00, a P/E ratio of 8.80, a price-to-earnings-growth ratio of 0.34 and a beta of 1.50.

Fiat Chrysler Automobiles (NYSE:FCAU) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.18. Fiat Chrysler Automobiles had a net margin of 3.17% and a return on equity of 19.06%. The firm had revenue of $28.88 billion for the quarter, compared to the consensus estimate of $30.08 billion. During the same quarter in the previous year, the firm earned $0.35 EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. equities research analysts expect that Fiat Chrysler Automobiles will post 3.36 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in FCAU. Cetera Investment Advisers boosted its stake in Fiat Chrysler Automobiles by 15.0% in the 2nd quarter. Cetera Investment Advisers now owns 14,074 shares of the company’s stock worth $148,000 after purchasing an additional 1,840 shares in the last quarter. MEAG MUNICH ERGO AssetManagement GmbH acquired a new stake in Fiat Chrysler Automobiles in the 4th quarter worth approximately $176,000. Weil Company Inc. acquired a new stake in Fiat Chrysler Automobiles in the 4th quarter worth approximately $178,000. Ingalls & Snyder LLC acquired a new stake in Fiat Chrysler Automobiles in the 3rd quarter worth approximately $181,000. Finally, Regentatlantic Capital LLC acquired a new stake in Fiat Chrysler Automobiles in the 4th quarter worth approximately $183,000. Institutional investors own 31.17% of the company’s stock.

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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 six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.

Analyst Recommendations for Fiat Chrysler Automobiles (NYSE:FCAU)

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