Fiat Chrysler Automobiles (NYSE:FCAU) Shares Gap Up to $12.36

Fiat Chrysler Automobiles NV (NYSE:FCAU) gapped up before the market opened on Wednesday . The stock had previously closed at $11.83, but opened at $12.36. Fiat Chrysler Automobiles shares last traded at $12.72, with a volume of 3,017,868 shares changing hands.

FCAU has been the topic of a number of analyst reports. ValuEngine raised Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. Zacks Investment Research lowered Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. Evercore ISI raised Fiat Chrysler Automobiles from an “in-line” rating to an “outperform” rating in a report on Tuesday, May 28th. Oddo Securities raised Fiat Chrysler Automobiles from a “sell” rating to a “neutral” rating in a report on Tuesday, May 28th. Finally, Nomura initiated coverage on Fiat Chrysler Automobiles in a report on Wednesday, June 19th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $16.35.

The stock has a market cap of $25.02 billion, a price-to-earnings ratio of 3.29, a price-to-earnings-growth ratio of 1.57 and a beta of 1.73. The stock has a fifty day simple moving average of $13.34 and a 200-day simple moving average of $14.30. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 0.30.

Fiat Chrysler Automobiles (NYSE:FCAU) last released its earnings results on Wednesday, July 31st. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.08). The business had revenue of $26.74 billion during the quarter, compared to analyst estimates of $27.23 billion. Fiat Chrysler Automobiles had a net margin of 2.95% and a return on equity of 17.07%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business earned $0.62 EPS. Sell-side analysts forecast that Fiat Chrysler Automobiles NV will post 2.81 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Fiat Chrysler Automobiles by 123.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,815 shares of the company’s stock worth $53,000 after acquiring an additional 2,107 shares during the period. Meadow Creek Investment Management LLC lifted its position in shares of Fiat Chrysler Automobiles by 20.1% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 5,648 shares of the company’s stock worth $79,000 after acquiring an additional 944 shares during the period. Parallel Advisors LLC lifted its position in shares of Fiat Chrysler Automobiles by 12.5% in the 1st quarter. Parallel Advisors LLC now owns 7,118 shares of the company’s stock worth $106,000 after acquiring an additional 792 shares during the period. Neuburgh Advisers LLC lifted its position in shares of Fiat Chrysler Automobiles by 20.1% in the 2nd quarter. Neuburgh Advisers LLC now owns 7,766 shares of the company’s stock worth $108,000 after acquiring an additional 1,298 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Fiat Chrysler Automobiles by 13.8% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,370 shares of the company’s stock worth $124,000 after acquiring an additional 1,012 shares during the period. 25.52% of the stock is currently owned by hedge funds and other institutional investors.

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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