Fiat Chrysler Automobiles N.V. (NYSE:FCAU) was upgraded by Zacks Investment Research from a “sell” rating to a “strong-buy” rating in a research note issued to investors on Friday. The brokerage currently has a $17.00 target price on the stock. Zacks Investment Research‘s price target indicates a potential upside of 14.48% from the stock’s previous close.

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 research analysts also recently weighed in on FCAU. Jefferies Group LLC increased their price target on shares of Fiat Chrysler Automobiles N.V. from $14.00 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday. Kepler Capital Markets upgraded shares of Fiat Chrysler Automobiles N.V. from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. BidaskClub upgraded shares of Fiat Chrysler Automobiles N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. Morgan Stanley decreased their price target on shares of Fiat Chrysler Automobiles N.V. from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, June 9th. Finally, Bank of America Corp reiterated an “underperform” rating and issued a $9.00 price target (down from $10.00) on shares of Fiat Chrysler Automobiles N.V. in a research report on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Fiat Chrysler Automobiles N.V. has an average rating of “Buy” and an average price target of $14.13.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) traded up 0.41% during trading on Friday, hitting $14.85. The stock had a trading volume of 7,229,894 shares. The firm has a market capitalization of $22.83 billion, a PE ratio of 6.87 and a beta of 1.72. Fiat Chrysler Automobiles N.V. has a 1-year low of $6.05 and a 1-year high of $15.06. The firm has a 50 day moving average price of $12.15 and a 200-day moving average price of $11.17.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.17. The company had revenue of $27.93 billion for the quarter, compared to the consensus estimate of $29.24 billion. Fiat Chrysler Automobiles N.V. had a net margin of 2.51% and a return on equity of 15.69%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 earnings per share. On average, equities research analysts expect that Fiat Chrysler Automobiles N.V. will post $2.61 EPS for the current year.

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Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of Fiat Chrysler Automobiles N.V. by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 2,843,922 shares of the company’s stock worth $31,084,000 after buying an additional 159,067 shares during the period. Wellington Shields Capital Management LLC purchased a new stake in shares of Fiat Chrysler Automobiles N.V. during the first quarter worth about $398,000. US Bancorp DE boosted its stake in shares of Fiat Chrysler Automobiles N.V. by 5.7% in the first quarter. US Bancorp DE now owns 10,892 shares of the company’s stock worth $120,000 after buying an additional 589 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Fiat Chrysler Automobiles N.V. during the first quarter worth about $8,752,000. Finally, First Trust Advisors LP boosted its stake in shares of Fiat Chrysler Automobiles N.V. by 27.6% in the first quarter. First Trust Advisors LP now owns 1,293,470 shares of the company’s stock worth $14,138,000 after buying an additional 279,562 shares during the period. 29.28% of the stock is owned by hedge funds and other institutional investors.

Fiat Chrysler Automobiles N.V. 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, 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.

Analyst Recommendations for Fiat Chrysler Automobiles N.V. (NYSE:FCAU)

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