Zacks Investment Research downgraded shares of Fiat Chrysler Automobiles (NYSE:FCAU) from a hold rating to a strong sell rating in a research report report published on Tuesday.
According to Zacks, “Fiat Chrysler Automobiles NV operates as an international automotive company. It is engaged in designing, engineering, manufacturing, distributing and selling vehicles and components and production systems. The Company operates under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. It also produces metallurgical products and production systems for the automobile industry, and owns publishing and insurance companies. Fiat Chrysler Automobiles NV is based in United Kingdom. “
Several other brokerages have also commented on FCAU. ValuEngine upgraded shares of Fiat Chrysler Automobiles from a sell rating to a hold rating in a research note on Monday, February 4th. Societe Generale upgraded shares of Fiat Chrysler Automobiles from a hold rating to a buy rating in a research note on Monday, November 5th. Finally, HSBC lowered shares of Fiat Chrysler Automobiles from a buy rating to a hold rating in a research note on Friday, October 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Fiat Chrysler Automobiles presently has an average rating of Hold and an average price target of $20.22.
Shares of NYSE FCAU opened at $14.93 on Tuesday. Fiat Chrysler Automobiles has a 52-week low of $14.01 and a 52-week high of $24.41. The stock has a market capitalization of $29.68 billion, a price-to-earnings ratio of 3.95, a price-to-earnings-growth ratio of 0.19 and a beta of 1.91. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 0.45.
Fiat Chrysler Automobiles (NYSE:FCAU) last announced its quarterly earnings results on Thursday, February 7th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. Fiat Chrysler Automobiles had a net margin of 3.15% and a return on equity of 21.83%. The company had revenue of $30.62 billion for the quarter, compared to analyst estimates of $29.94 billion. During the same quarter last year, the business earned $0.70 earnings per share. Fiat Chrysler Automobiles’s revenue was up 6.0% compared to the same quarter last year. As a group, analysts anticipate that Fiat Chrysler Automobiles will post 3.13 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its stake in shares of Fiat Chrysler Automobiles by 154.5% during the second quarter. Tower Research Capital LLC TRC now owns 6,107 shares of the company’s stock valued at $115,000 after acquiring an additional 3,707 shares during the period. Polianta Ltd increased its stake in shares of Fiat Chrysler Automobiles by 34.2% during the third quarter. Polianta Ltd now owns 70,600 shares of the company’s stock valued at $1,236,000 after acquiring an additional 18,000 shares during the period. CenterStar Asset Management LLC acquired a new position in shares of Fiat Chrysler Automobiles during the third quarter valued at approximately $542,000. Aperio Group LLC increased its stake in shares of Fiat Chrysler Automobiles by 3.0% during the third quarter. Aperio Group LLC now owns 1,480,964 shares of the company’s stock valued at $25,932,000 after acquiring an additional 43,497 shares during the period. Finally, Lingohr & Partner Asset Management GmbH increased its stake in shares of Fiat Chrysler Automobiles by 26.7% during the third quarter. Lingohr & Partner Asset Management GmbH now owns 607,888 shares of the company’s stock valued at $10,644,000 after acquiring an additional 128,212 shares during the period. Institutional investors own 25.46% of the company’s stock.
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 six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, 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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