Fiat Chrysler Automobiles NV (NYSE:FCAU) Receives Average Rating of “Hold” from Analysts

Fiat Chrysler Automobiles NV (NYSE:FCAU) has received a consensus rating of “Hold” from the fifteen brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $16.47.

FCAU has been the topic of several research analyst reports. Nomura started coverage on Fiat Chrysler Automobiles in a research report on Wednesday, June 19th. They issued a “neutral” rating on the stock. Evercore ISI raised Fiat Chrysler Automobiles from an “in-line” rating to an “outperform” rating in a research report on Tuesday, May 28th. ValuEngine raised Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a research report on Thursday. Goldman Sachs Group started coverage on Fiat Chrysler Automobiles in a research report on Monday, July 15th. They set a “sell” rating and a $14.18 price target on the stock. Finally, Oddo Securities raised Fiat Chrysler Automobiles from a “sell” rating to a “neutral” rating in a research report on Tuesday, May 28th.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Fiat Chrysler Automobiles by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 33,206,848 shares of the company’s stock worth $458,919,000 after acquiring an additional 762,148 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Fiat Chrysler Automobiles by 35.0% in the 1st quarter. AQR Capital Management LLC now owns 22,405,702 shares of the company’s stock worth $333,709,000 after purchasing an additional 5,807,093 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Fiat Chrysler Automobiles by 2.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 15,684,533 shares of the company’s stock worth $232,917,000 after purchasing an additional 334,243 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Fiat Chrysler Automobiles by 73.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,703,661 shares of the company’s stock worth $134,105,000 after purchasing an additional 4,103,134 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Fiat Chrysler Automobiles by 29.0% in the 2nd quarter. Morgan Stanley now owns 8,507,518 shares of the company’s stock worth $117,574,000 after purchasing an additional 1,911,618 shares in the last quarter. Institutional investors own 26.58% of the company’s stock.

FCAU stock traded up $0.07 during midday trading on Tuesday, hitting $12.37. The company’s stock had a trading volume of 2,911,200 shares, compared to its average volume of 3,858,605. The stock’s 50-day moving average price is $13.55 and its 200 day moving average price is $14.42. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 0.30. Fiat Chrysler Automobiles has a 1 year low of $12.11 and a 1 year high of $18.50. The stock has a market cap of $24.10 billion, a price-to-earnings ratio of 3.27, a PEG ratio of 1.56 and a beta of 1.73.

Fiat Chrysler Automobiles (NYSE:FCAU) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.08). Fiat Chrysler Automobiles had a return on equity of 17.07% and a net margin of 2.95%. The business had revenue of $26.74 billion during the quarter, compared to analysts’ expectations of $27.23 billion. During the same period in the prior year, the firm posted $0.62 EPS. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, equities analysts forecast that Fiat Chrysler Automobiles will post 2.81 earnings per share for the current fiscal year.

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 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.

Further Reading: When can a hold rating present a buying opportunity?

Analyst Recommendations for Fiat Chrysler Automobiles (NYSE:FCAU)

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