Fiat Chrysler Automobiles (NYSE:FCAU) Upgraded to “Buy” by 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 report sent to investors on Wednesday morning, Zacks.com reports. They currently have $16.00 target price 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. “

Several other analysts also recently commented on FCAU. ValuEngine raised VESTAS WIND SYS/ADR from a hold rating to a buy rating in a research note on Thursday, May 9th. Nomura set a $76.00 target price on Mongodb and gave the stock a sell rating in a report on Wednesday, June 19th. Oddo Securities upgraded Fiat Chrysler Automobiles from a sell rating to a neutral 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. Finally, Evercore ISI upgraded RENAULT S A/ADR to an outperform rating in a report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Fiat Chrysler Automobiles presently has an average rating of Hold and a consensus target price of $18.31.

Shares of NYSE:FCAU opened at $14.13 on Wednesday. Fiat Chrysler Automobiles has a fifty-two week low of $12.58 and a fifty-two week high of $20.08. The business has a 50-day moving average of $13.55. The firm has a market capitalization of $27.69 billion, a PE ratio of 3.74, a P/E/G ratio of 1.66 and a beta of 1.74. The company has a quick ratio of 0.57, a current ratio of 0.82 and a debt-to-equity ratio of 0.37.

Fiat Chrysler Automobiles (NYSE:FCAU) last released its quarterly 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 business had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $25.70 billion. Fiat Chrysler Automobiles had a return on equity of 18.57% and a net margin of 2.85%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.66 earnings per share. As a group, equities analysts forecast that Fiat Chrysler Automobiles will post 3.01 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of FCAU. Sycomore Asset Management acquired a new position in Fiat Chrysler Automobiles in the first quarter valued at $578,000. Jump Trading LLC bought a new stake in Fiat Chrysler Automobiles in the 4th quarter worth about $325,000. Wedbush Securities Inc. grew its position in Fiat Chrysler Automobiles by 27.6% in the 1st quarter. Wedbush Securities Inc. now owns 13,650 shares of the company’s stock worth $203,000 after purchasing an additional 2,950 shares in the last quarter. Bank of Montreal Can grew its position in Fiat Chrysler Automobiles by 75.9% in the 1st quarter. Bank of Montreal Can now owns 651,402 shares of the company’s stock worth $9,673,000 after purchasing an additional 281,026 shares in the last quarter. Finally, Elgethun Capital Management grew its position in Fiat Chrysler Automobiles by 1,843.6% in the 1st quarter. Elgethun Capital Management now owns 233,656 shares of the company’s stock worth $3,470,000 after purchasing an additional 221,634 shares in the last quarter. 26.45% 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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