Fiat Chrysler Automobiles NV (NYSE:FCAU)’s share price gapped up before the market opened on Monday . The stock had previously closed at $12.89, but opened at $13.22. Fiat Chrysler Automobiles shares last traded at $13.33, with a volume of 7,365,192 shares.
Several research firms recently commented on FCAU. ValuEngine lowered Fiat Chrysler Automobiles from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research lowered Fiat Chrysler Automobiles from a “buy” rating to a “sell” rating in a research report on Monday, October 14th. Finally, Goldman Sachs Group began coverage on Fiat Chrysler Automobiles in a research report on Monday, July 15th. They set a “sell” rating and a $14.18 price target on the stock. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $15.85.
The firm has a 50-day moving average of $13.23 and a 200 day moving average of $13.81. The stock has a market capitalization of $25.96 billion, a price-to-earnings ratio of 3.53, a price-to-earnings-growth ratio of 1.61 and a beta of 1.72. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 0.30.
Fiat Chrysler Automobiles (NYSE:FCAU) last announced its earnings results on Wednesday, July 31st. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.08). Fiat Chrysler Automobiles had a net margin of 2.95% and a return on equity of 17.07%. The business had revenue of $26.74 billion during the quarter, compared to analyst estimates of $27.23 billion. During the same period in the previous year, the company earned $0.62 earnings per share. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, research analysts forecast that Fiat Chrysler Automobiles NV will post 2.92 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in FCAU. Amundi Pioneer Asset Management Inc. raised its position in shares of Fiat Chrysler Automobiles by 2.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 15,684,533 shares of the company’s stock valued at $232,917,000 after purchasing an additional 334,243 shares in the last quarter. Capital Asset Advisory Services LLC acquired a new position in shares of Fiat Chrysler Automobiles in the 2nd quarter valued at approximately $376,000. Arbor Wealth Management LLC raised its position in shares of Fiat Chrysler Automobiles by 50.2% in the 2nd quarter. Arbor Wealth Management LLC now owns 390,325 shares of the company’s stock valued at $5,394,000 after purchasing an additional 130,499 shares in the last quarter. SOL Capital Management CO raised its position in shares of Fiat Chrysler Automobiles by 12.3% in the 2nd quarter. SOL Capital Management CO now owns 34,650 shares of the company’s stock valued at $479,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Mackey Komara & Dankovich LLC raised its position in shares of Fiat Chrysler Automobiles by 268.1% in the 2nd quarter. Mackey Komara & Dankovich LLC now owns 694,885 shares of the company’s stock valued at $9,603,000 after purchasing an additional 506,113 shares in the last quarter. 23.48% of the stock is currently owned by institutional investors.
About Fiat Chrysler Automobiles (NYSE:FCAU)
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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