Bank of America Corporation upgraded shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) from an underperform rating to a neutral rating in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has $18.00 price objective on the stock, up from their prior price objective of $9.00.

Other analysts also recently issued reports about the company. Jefferies Group LLC set a $14.00 target price on Fiat Chrysler Automobiles N.V. and gave the stock a buy rating in a research report on Monday, May 22nd. Kepler Capital Markets raised Fiat Chrysler Automobiles N.V. from a hold rating to a buy rating in a research report on Friday, July 28th. BidaskClub raised Fiat Chrysler Automobiles N.V. from a sell rating to a hold rating in a research report on Friday, June 23rd. Zacks Investment Research downgraded Fiat Chrysler Automobiles N.V. from a buy rating to a hold rating in a research report on Tuesday, June 20th. Finally, Morgan Stanley reaffirmed an overweight rating and issued a $14.00 price target on shares of Fiat Chrysler Automobiles N.V. in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Fiat Chrysler Automobiles N.V. has a consensus rating of Buy and a consensus price target of $15.41.

Fiat Chrysler Automobiles N.V. (FCAU) opened at 14.80 on Monday. The firm has a market capitalization of $22.75 billion, a price-to-earnings ratio of 6.87 and a beta of 1.72. Fiat Chrysler Automobiles N.V. has a 52 week low of $6.05 and a 52 week high of $15.06. The company has a 50 day moving average price of $12.26 and a 200-day moving average price of $11.20.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last released its earnings results on Thursday, July 27th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.17. Fiat Chrysler Automobiles N.V. had a return on equity of 15.69% and a net margin of 2.51%. The business had revenue of $27.93 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same period last year, the business posted $0.45 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. Equities analysts predict that Fiat Chrysler Automobiles N.V. will post $2.61 earnings per share for the current year.

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A number of large investors have recently bought and sold shares of the stock. Cetera Investment Advisers raised its stake in Fiat Chrysler Automobiles N.V. by 15.0% in the second quarter. Cetera Investment Advisers now owns 14,074 shares of the company’s stock valued at $148,000 after buying an additional 1,840 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Fiat Chrysler Automobiles N.V. by 0.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 103,198 shares of the company’s stock valued at $1,088,000 after buying an additional 470 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Fiat Chrysler Automobiles N.V. during the second quarter valued at about $22,197,000. Sciencast Management LP raised its stake in Fiat Chrysler Automobiles N.V. by 20.1% in the second quarter. Sciencast Management LP now owns 22,019 shares of the company’s stock valued at $234,000 after buying an additional 3,689 shares in the last quarter. Finally, State Street Corp acquired a new stake in Fiat Chrysler Automobiles N.V. during the second quarter valued at about $2,505,000. 28.95% of the stock is owned by 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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