Fiat Chrysler Automobiles N.V. (NYSE:FCAU) shares hit a new 52-week high on Thursday . The stock traded as high as $16.72 and last traded at $16.72, with a volume of 1,417,587 shares traded. The stock had previously closed at $16.37.

Several brokerages recently weighed in on FCAU. Deutsche Bank AG reiterated a “hold” rating on shares of Fiat Chrysler Automobiles N.V. in a research report on Thursday, September 7th. Barclays PLC upgraded Fiat Chrysler Automobiles N.V. from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $15.53 to $10.00 in a research report on Wednesday, September 6th. Bank of America Corporation upgraded Fiat Chrysler Automobiles N.V. from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $9.00 to $18.00 in a research report on Monday, August 28th. Zacks Investment Research upgraded Fiat Chrysler Automobiles N.V. from a “sell” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a research report on Friday, August 25th. Finally, Jefferies Group LLC increased their price objective on Fiat Chrysler Automobiles N.V. from $14.00 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has given 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.

The company has a 50-day moving average price of $13.94 and a 200-day moving average price of $11.68. The stock has a market cap of $25.61 billion, a P/E ratio of 7.73 and a beta of 1.67.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.17. Fiat Chrysler Automobiles N.V. had a net margin of 2.51% and a return on equity of 15.69%. The company had revenue of $27.93 billion during the quarter, compared to analysts’ expectations of $29.24 billion. During the same period in the previous year, the company earned $0.45 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts predict that Fiat Chrysler Automobiles N.V. will post $2.62 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Aperio Group LLC grew its stake in shares of Fiat Chrysler Automobiles N.V. by 48.8% during the 2nd quarter. Aperio Group LLC now owns 1,250,940 shares of the company’s stock valued at $13,297,000 after buying an additional 410,182 shares during the period. FNY Partners Fund LP grew its stake in shares of Fiat Chrysler Automobiles N.V. by 1,954.0% during the 2nd quarter. FNY Partners Fund LP now owns 1,328,924 shares of the company’s stock valued at $14,126,000 after buying an additional 1,264,224 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Fiat Chrysler Automobiles N.V. by 7.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,592,379 shares of the company’s stock valued at $17,405,000 after buying an additional 110,497 shares during the period. Bank of Montreal Can grew its stake in shares of Fiat Chrysler Automobiles N.V. by 3.8% during the 2nd quarter. Bank of Montreal Can now owns 203,610 shares of the company’s stock valued at $2,165,000 after buying an additional 7,408 shares during the period. Finally, Eqis Capital Management Inc. purchased a new stake in shares of Fiat Chrysler Automobiles N.V. during the 2nd quarter valued at $324,000. 28.78% of the stock is owned by institutional investors.

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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.

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