Fiat Chrysler Automobiles NV (NYSE:FCAU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released 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. “

FCAU has been the subject of a number of other reports. Vetr raised Fiat Chrysler Automobiles NV from a “strong sell” rating to a “sell” rating and set a $6.32 price objective for the company in a report on Wednesday, September 7th. Citigroup Inc. cut Fiat Chrysler Automobiles NV from a “neutral” rating to a “sell” rating in a report on Thursday, June 16th. Morgan Stanley started coverage on Fiat Chrysler Automobiles NV in a report on Thursday, August 25th. They set an “outperform” rating for the company. Barclays PLC lowered Fiat Chrysler Automobiles NV from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $10.00 to $5.50 in a research note on Wednesday, July 6th. Finally, Goldman Sachs Group Inc. lowered Fiat Chrysler Automobiles NV from a “conviction-buy” rating to a “buy” rating in a research note on Monday, June 27th. Six investment analysts have rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Fiat Chrysler Automobiles NV currently has an average rating of “Hold” and an average price target of $7.71.

Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) traded down 0.77% during midday trading on Tuesday, reaching $6.41. 5,818,385 shares of the company’s stock were exchanged. The company has a market capitalization of $8.26 billion, a PE ratio of 12.23 and a beta of 1.81. The firm has a 50-day moving average of $6.61 and a 200-day moving average of $6.99. Fiat Chrysler Automobiles NV has a 1-year low of $5.45 and a 1-year high of $10.89.

Fiat Chrysler Automobiles NV (NYSE:FCAU) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The company earned $27.89 billion during the quarter, compared to analysts’ expectations of $28.89 billion. Fiat Chrysler Automobiles NV had a return on equity of 16.12% and a net margin of 0.67%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the business earned $0.29 earnings per share. Equities analysts expect that Fiat Chrysler Automobiles NV will post $1.64 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Fiat Chrysler Automobiles NV by 0.3% in the second quarter. Vanguard Group Inc. now owns 19,300,562 shares of the company’s stock worth $118,120,000 after buying an additional 48,701 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of Fiat Chrysler Automobiles NV during the second quarter worth approximately $95,871,000. AQR Capital Management LLC raised its stake in shares of Fiat Chrysler Automobiles NV by 1.3% in the second quarter. AQR Capital Management LLC now owns 10,949,196 shares of the company’s stock worth $66,841,000 after buying an additional 141,707 shares during the last quarter. Swiss National Bank raised its stake in shares of Fiat Chrysler Automobiles NV by 3.3% in the second quarter. Swiss National Bank now owns 6,071,809 shares of the company’s stock worth $37,038,000 after buying an additional 195,844 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Fiat Chrysler Automobiles NV by 152.7% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,653,462 shares of the company’s stock worth $34,513,000 after buying an additional 3,416,577 shares during the last quarter. Hedge funds and other institutional investors own 26.64% of the company’s stock.

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