BidaskClub downgraded shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) from a strong-buy rating to a buy rating in a report released on Tuesday morning.
FCAU has been the topic of a number of other research reports. Zacks Investment Research raised Fiat Chrysler Automobiles N.V. from a sell rating to a strong-buy rating and set a $17.00 price objective on the stock in a research report on Friday, August 25th. Deutsche Bank AG reaffirmed a hold rating on shares of Fiat Chrysler Automobiles N.V. in a research report on Thursday, September 7th. Jefferies Group LLC reaffirmed a buy rating and set a $19.00 price objective on shares of Fiat Chrysler Automobiles N.V. in a research report on Monday, October 16th. Barclays PLC raised Fiat Chrysler Automobiles N.V. from an equal weight rating to an overweight rating and cut their price objective for the stock from $15.53 to $10.00 in a research report on Wednesday, September 6th. Finally, Morgan Stanley reaffirmed an overweight rating and set a $14.00 price objective on shares of Fiat Chrysler Automobiles N.V. in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $16.15.
Fiat Chrysler Automobiles N.V. (NYSE:FCAU) traded up $0.19 during trading on Tuesday, hitting $17.50. The stock had a trading volume of 3,208,200 shares, compared to its average volume of 7,151,298. Fiat Chrysler Automobiles N.V. has a 1-year low of $7.20 and a 1-year high of $18.33. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $26,610.56, a price-to-earnings ratio of 7.53, a P/E/G ratio of 0.32 and a beta of 1.68.
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Large investors have recently bought and sold shares of the stock. Ballentine Partners LLC purchased a new position in Fiat Chrysler Automobiles N.V. in the second quarter valued at $117,000. BKS Advisors LLC purchased a new position in Fiat Chrysler Automobiles N.V. in the second quarter valued at $128,000. US Bancorp DE boosted its stake in Fiat Chrysler Automobiles N.V. by 15.6% in the second quarter. US Bancorp DE now owns 12,591 shares of the company’s stock valued at $134,000 after acquiring an additional 1,699 shares in the last quarter. QCM Cayman Ltd. acquired a new position in Fiat Chrysler Automobiles N.V. in the second quarter valued at $136,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Fiat Chrysler Automobiles N.V. by 3.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,222 shares of the company’s stock valued at $141,000 after acquiring an additional 430 shares in the last quarter. 29.33% of the stock is currently owned by hedge funds and other institutional investors.
About Fiat Chrysler Automobiles N.V.
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, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; 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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