Fiat Chrysler Automobiles NV (FCAU) Given Consensus Rating of “Hold” by Brokerages

Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) have received a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $15.23.

Several brokerages have recently commented on FCAU. Zacks Investment Research lowered Fiat Chrysler Automobiles from a “hold” rating to a “sell” rating in a research note on Thursday. Jefferies Financial Group lowered Fiat Chrysler Automobiles to a “hold” rating in a research note on Tuesday, April 2nd. ValuEngine lowered Fiat Chrysler Automobiles from a “sell” rating to a “strong sell” rating in a research note on Tuesday, April 2nd. UBS Group lowered Fiat Chrysler Automobiles from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 19th. Finally, Barclays lowered Fiat Chrysler Automobiles from an “overweight” rating to an “equal weight” rating and set a $15.23 price target on the stock. in a research note on Friday, February 8th.

FCAU traded up $0.11 during trading on Wednesday, reaching $16.18. The company’s stock had a trading volume of 2,395,936 shares, compared to its average volume of 4,581,157. Fiat Chrysler Automobiles has a 52-week low of $14.01 and a 52-week high of $24.41. The firm has a market capitalization of $31.42 billion, a PE ratio of 4.28, a P/E/G ratio of 0.63 and a beta of 1.81. The company has a current ratio of 0.82, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35.

Fiat Chrysler Automobiles (NYSE:FCAU) last announced its quarterly earnings data on Thursday, February 7th. The company reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.03. The company had revenue of $30.62 billion for the quarter, compared to analyst estimates of $29.94 billion. Fiat Chrysler Automobiles had a return on equity of 21.32% and a net margin of 3.15%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 EPS. On average, sell-side analysts predict that Fiat Chrysler Automobiles will post 2.8 EPS for the current year.

The business also recently disclosed an annual dividend, which will be paid on Thursday, May 2nd. Investors of record on Wednesday, April 24th will be given a dividend of $0.7353 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a dividend yield of 4.91%.

Several institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC raised its holdings in Fiat Chrysler Automobiles by 18.8% in the 3rd quarter. SG Americas Securities LLC now owns 49,211 shares of the company’s stock valued at $862,000 after acquiring an additional 7,782 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Fiat Chrysler Automobiles by 10.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,349,623 shares of the company’s stock valued at $93,672,000 after acquiring an additional 487,899 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Fiat Chrysler Automobiles by 32.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 34,524 shares of the company’s stock valued at $603,000 after acquiring an additional 8,495 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Fiat Chrysler Automobiles by 40.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,689,336 shares of the company’s stock valued at $47,090,000 after acquiring an additional 778,545 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Fiat Chrysler Automobiles by 16.7% in the 3rd quarter. Renaissance Technologies LLC now owns 2,992,597 shares of the company’s stock valued at $52,489,000 after acquiring an additional 427,297 shares during the last quarter. Hedge funds and other institutional investors own 27.61% of the company’s stock.

About Fiat Chrysler Automobiles

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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