Fiat Chrysler Automobiles (FCAU) Rating Increased to Buy at Societe Generale

Fiat Chrysler Automobiles (NYSE:FCAU) was upgraded by equities research analysts at Societe Generale from a “hold” rating to a “buy” rating in a note issued to investors on Monday, MarketBeat Ratings reports.

Several other analysts have also issued reports on FCAU. Zacks Investment Research lowered Fiat Chrysler Automobiles from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 26th. ValuEngine lowered Fiat Chrysler Automobiles from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. Exane BNP Paribas upgraded Fiat Chrysler Automobiles from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 12th. HSBC lowered Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Finally, BNP Paribas upgraded Fiat Chrysler Automobiles from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 12th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $23.02.

Shares of Fiat Chrysler Automobiles stock opened at $16.40 on Monday. The firm has a market cap of $31.52 billion, a P/E ratio of 6.03, a price-to-earnings-growth ratio of 0.19 and a beta of 1.92. Fiat Chrysler Automobiles has a 12 month low of $14.97 and a 12 month high of $24.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.58 and a current ratio of 0.86.

Several institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP purchased a new position in shares of Fiat Chrysler Automobiles in the second quarter valued at $36,916,000. Janus Henderson Group PLC grew its position in Fiat Chrysler Automobiles by 223.0% during the second quarter. Janus Henderson Group PLC now owns 2,044,155 shares of the company’s stock worth $38,982,000 after buying an additional 1,411,244 shares in the last quarter. Allianz Asset Management GmbH grew its position in Fiat Chrysler Automobiles by 30.4% during the first quarter. Allianz Asset Management GmbH now owns 4,948,058 shares of the company’s stock worth $101,534,000 after buying an additional 1,154,184 shares in the last quarter. Towle & Co. grew its position in Fiat Chrysler Automobiles by 8.6% during the second quarter. Towle & Co. now owns 3,512,359 shares of the company’s stock worth $66,348,000 after buying an additional 279,420 shares in the last quarter. Finally, Parkwood LLC purchased a new position in Fiat Chrysler Automobiles during the second quarter worth about $2,997,000. Hedge funds and other institutional investors own 25.96% of the company’s stock.

Fiat Chrysler Automobiles 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, 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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Analyst Recommendations for Fiat Chrysler Automobiles (NYSE:FCAU)

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