Fiat Chrysler Automobiles (NYSE:FCAU) Upgraded by ValuEngine to “Sell”

Fiat Chrysler Automobiles (NYSE:FCAU) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, March 27th, ValuEngine reports.

A number of other research firms have also commented on FCAU. UBS Group lowered shares of Fiat Chrysler Automobiles from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 19th. Zacks Investment Research downgraded shares of Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Finally, Barclays downgraded shares of Fiat Chrysler Automobiles from an “overweight” rating to an “equal weight” rating and set a $15.23 price target on the stock. in a report on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $17.74.

NYSE FCAU traded down $0.17 during trading hours on Wednesday, hitting $16.48. The company had a trading volume of 2,637,287 shares, compared to its average volume of 3,365,975. The company has a current ratio of 0.82, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The company has a market cap of $32.29 billion, a P/E ratio of 4.36, a P/E/G ratio of 0.66 and a beta of 1.81. Fiat Chrysler Automobiles has a fifty-two week low of $14.01 and a fifty-two week high of $24.23.

Fiat Chrysler Automobiles (NYSE:FCAU) last issued its earnings results on Thursday, February 7th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.03. Fiat Chrysler Automobiles had a net margin of 3.15% and a return on equity of 21.32%. The firm had revenue of $30.62 billion for the quarter, compared to analysts’ expectations of $29.94 billion. During the same quarter last year, the company posted $0.70 earnings per share. Fiat Chrysler Automobiles’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts forecast that Fiat Chrysler Automobiles will post 2.8 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Clear Harbor Asset Management LLC bought a new stake in shares of Fiat Chrysler Automobiles during the first quarter worth approximately $926,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Fiat Chrysler Automobiles in the first quarter valued at approximately $25,000. Wedbush Securities Inc. increased its stake in Fiat Chrysler Automobiles by 27.6% in the first quarter. Wedbush Securities Inc. now owns 13,650 shares of the company’s stock valued at $203,000 after purchasing an additional 2,950 shares in the last quarter. Sciencast Management LP increased its stake in Fiat Chrysler Automobiles by 160.9% in the first quarter. Sciencast Management LP now owns 28,700 shares of the company’s stock valued at $448,000 after purchasing an additional 17,700 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in Fiat Chrysler Automobiles in the first quarter valued at approximately $211,000. 27.61% of the stock is owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Fiat Chrysler Automobiles (NYSE:FCAU)

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