Fiat Chrysler Automobiles NV (NYSE:FCAU) shares gapped down before the market opened on Monday . The stock had previously closed at $17.89, but opened at $17.38. Fiat Chrysler Automobiles shares last traded at $17.16, with a volume of 3401099 shares.
Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Fiat Chrysler Automobiles from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Wolfe Research started coverage on shares of Fiat Chrysler Automobiles in a research note on Tuesday, October 2nd. They set a “peer perform” rating on the stock. ValuEngine upgraded shares of Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Jefferies Financial Group reiterated a “buy” rating and issued a $22.00 target price on shares of Fiat Chrysler Automobiles in a research note on Friday, July 27th. Finally, UBS Group upgraded shares of Fiat Chrysler Automobiles from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $22.52.
The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.53 and a current ratio of 0.82. The company has a market cap of $34.13 billion, a PE ratio of 6.19, a price-to-earnings-growth ratio of 0.19 and a beta of 1.90.
Fiat Chrysler Automobiles (NYSE:FCAU) last posted its earnings results on Wednesday, July 25th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.37). Fiat Chrysler Automobiles had a net margin of 3.14% and a return on equity of 19.01%. The firm had revenue of $28.99 billion during the quarter, compared to analyst estimates of $28.99 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts expect that Fiat Chrysler Automobiles NV will post 3.63 EPS for the current year.
A number of large investors have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. boosted its holdings in Fiat Chrysler Automobiles by 71.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 16,412,230 shares of the company’s stock valued at $336,780,000 after purchasing an additional 6,860,407 shares during the period. PointState Capital LP bought a new stake in Fiat Chrysler Automobiles in the 1st quarter valued at $115,336,000. Marshall Wace LLP bought a new stake in Fiat Chrysler Automobiles in the 2nd quarter valued at $36,916,000. Janus Henderson Group PLC boosted its holdings in Fiat Chrysler Automobiles by 223.0% in the 2nd quarter. Janus Henderson Group PLC now owns 2,044,155 shares of the company’s stock valued at $38,982,000 after purchasing an additional 1,411,244 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in Fiat Chrysler Automobiles by 30.4% in the 1st quarter. Allianz Asset Management GmbH now owns 4,948,058 shares of the company’s stock valued at $101,534,000 after purchasing an additional 1,154,184 shares during the period. Institutional investors and hedge funds own 25.96% of the company’s stock.
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 six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, 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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