Fiat Chrysler Automobiles (NYSE:FCAU) Upgraded to “Buy” by HSBC

HSBC upgraded shares of Fiat Chrysler Automobiles (NYSE:FCAU) from a hold rating to a buy rating in a research report sent to investors on Monday morning, Benzinga’s Daily Ratings Newsletter reports.

Other equities research analysts have also issued research reports about the stock. Redburn Partners raised shares of Fiat Chrysler Automobiles from a sell rating to a neutral rating in a research report on Friday, November 1st. Zacks Investment Research lowered shares of Fiat Chrysler Automobiles from a buy rating to a sell rating in a research report on Monday, October 14th. Goldman Sachs Group assumed coverage on shares of Fiat Chrysler Automobiles in a research report on Monday, July 15th. They set a sell rating and a $14.18 price target for the company. Commerzbank raised shares of Fiat Chrysler Automobiles from a hold rating to a buy rating in a research report on Wednesday, October 30th. Finally, ValuEngine raised shares of Fiat Chrysler Automobiles from a sell rating to a hold rating in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $15.85.

FCAU traded up $0.18 during midday trading on Monday, hitting $16.19. 3,753,931 shares of the company traded hands, compared to its average volume of 4,432,587. The company has a quick ratio of 0.57, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $31.10 billion, a PE ratio of 4.28, a price-to-earnings-growth ratio of 2.14 and a beta of 1.74. The company’s 50-day moving average is $13.53 and its 200 day moving average is $13.69. Fiat Chrysler Automobiles has a 52 week low of $12.11 and a 52 week high of $17.46.

Fiat Chrysler Automobiles (NYSE:FCAU) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.07). Fiat Chrysler Automobiles had a net margin of 2.33% and a return on equity of 15.99%. The business had revenue of $30.38 billion for the quarter, compared to analysts’ expectations of $30.11 billion. On average, sell-side analysts predict that Fiat Chrysler Automobiles will post 2.65 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC increased its holdings 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. Lindbrook Capital LLC increased its holdings in Fiat Chrysler Automobiles by 36.6% in the 3rd quarter. Lindbrook Capital LLC now owns 3,725 shares of the company’s stock worth $48,000 after acquiring an additional 998 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings 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 acquiring an additional 1,143 shares in the last quarter. Arbor Wealth Management LLC increased its holdings in Fiat Chrysler Automobiles by 0.3% in the 3rd quarter. Arbor Wealth Management LLC now owns 391,521 shares of the company’s stock worth $5,070,000 after acquiring an additional 1,196 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA increased its holdings 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 acquiring an additional 1,295 shares in the last quarter. 23.48% of the stock is 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 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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Analyst Recommendations for Fiat Chrysler Automobiles (NYSE:FCAU)

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