Fiat Chrysler Automobiles (NYSE:FCAU) Shares Gap Up to $13.22

Fiat Chrysler Automobiles NV (NYSE:FCAU)’s share price gapped up prior to trading on Monday . The stock had previously closed at $12.89, but opened at $13.22. Fiat Chrysler Automobiles shares last traded at $13.33, with a volume of 7,365,192 shares trading hands.

Several brokerages have recently weighed in on FCAU. ValuEngine lowered Fiat Chrysler Automobiles from a “hold” rating to a “sell” rating in a report on Saturday. Goldman Sachs Group began coverage on Fiat Chrysler Automobiles in a report on Monday, July 15th. They issued a “sell” rating and a $14.18 price objective for the company. Finally, Zacks Investment Research lowered Fiat Chrysler Automobiles from a “buy” rating to a “sell” rating in a report on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $15.85.

The firm has a market capitalization of $25.96 billion, a PE ratio of 3.53, a P/E/G ratio of 1.61 and a beta of 1.72. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.81 and a quick ratio of 0.56. The firm has a fifty day moving average price of $13.23 and a 200 day moving average price of $13.81.

Fiat Chrysler Automobiles (NYSE:FCAU) last announced its earnings results on Wednesday, July 31st. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.08). Fiat Chrysler Automobiles had a net margin of 2.95% and a return on equity of 17.07%. The company had revenue of $26.74 billion for the quarter, compared to analysts’ expectations of $27.23 billion. During the same period in the prior year, the company earned $0.62 earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, sell-side analysts expect that Fiat Chrysler Automobiles NV will post 2.92 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Meadow Creek Investment Management LLC lifted its stake in 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 in the last quarter. Commonwealth Equity Services LLC increased its position in Fiat Chrysler Automobiles by 6.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 19,719 shares of the company’s stock worth $272,000 after purchasing an additional 1,143 shares during the last quarter. Compagnie Lombard Odier SCmA increased its position in Fiat Chrysler Automobiles by 8.0% in the 2nd quarter. Compagnie Lombard Odier SCmA now owns 17,530 shares of the company’s stock worth $244,000 after purchasing an additional 1,295 shares during the last quarter. Neuburgh Advisers LLC increased its position in 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 purchasing an additional 1,298 shares during the last quarter. Finally, Creative Planning increased its position in Fiat Chrysler Automobiles by 10.8% in the 2nd quarter. Creative Planning now owns 14,613 shares of the company’s stock worth $202,000 after purchasing an additional 1,424 shares during the last quarter. 23.48% of the stock is owned by institutional investors and hedge funds.

Fiat Chrysler Automobiles Company Profile (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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