Fiat Chrysler Automobiles (NYSE:FCAU) shares gapped up prior to trading on Monday . The stock had previously closed at $21.16, but opened at $21.86. Fiat Chrysler Automobiles shares last traded at $22.34, with a volume of 2377765 shares changing hands.
FCAU has been the topic of a number of research reports. Zacks Investment Research lowered Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Vetr raised Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $25.70 price objective on the stock in a report on Monday, January 29th. Morgan Stanley upped their price objective on Fiat Chrysler Automobiles from $18.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, February 5th. ValuEngine lowered Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Finally, Instinet initiated coverage on Fiat Chrysler Automobiles in a report on Wednesday, March 21st. They issued a “neutral” rating and a $21.10 price objective on the stock. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $20.79.
Get Fiat Chrysler Automobiles alerts:The firm has a market capitalization of $42.61 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 0.23 and a beta of 2.06. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.80 and a quick ratio of 0.50.
Fiat Chrysler Automobiles (NYSE:FCAU) last released its earnings results on Thursday, April 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.03). The company had revenue of $27.03 billion for the quarter, compared to analyst estimates of $27.74 billion. Fiat Chrysler Automobiles had a return on equity of 20.10% and a net margin of 3.52%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. equities research analysts anticipate that Fiat Chrysler Automobiles will post 3.93 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. grew its holdings in shares of Fiat Chrysler Automobiles by 6.2% during the 4th quarter. Macquarie Group Ltd. now owns 39,300 shares of the company’s stock worth $701,000 after purchasing an additional 2,300 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Fiat Chrysler Automobiles by 7.5% during the 1st quarter. Sei Investments Co. now owns 36,830 shares of the company’s stock worth $756,000 after purchasing an additional 2,560 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Fiat Chrysler Automobiles by 43.6% during the 1st quarter. IFP Advisors Inc now owns 8,618 shares of the company’s stock worth $177,000 after buying an additional 2,616 shares during the last quarter. Greenleaf Trust lifted its position in shares of Fiat Chrysler Automobiles by 15.3% during the 4th quarter. Greenleaf Trust now owns 20,884 shares of the company’s stock worth $373,000 after buying an additional 2,774 shares during the last quarter. Finally, First Allied Advisory Services Inc. lifted its position in shares of Fiat Chrysler Automobiles by 6.3% during the 4th quarter. First Allied Advisory Services Inc. now owns 50,258 shares of the company’s stock worth $896,000 after buying an additional 2,976 shares during the last quarter. 25.63% of the stock is currently owned by institutional investors.
Fiat Chrysler Automobiles Company Profile
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, 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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