Fiat Chrysler Automobiles NV (NYSE:FCAU) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday. The brokerage currently has a $7.32 price objective on the stock. Vetr‘s target price would indicate a potential upside of 11.93% from the company’s previous close.

Several other brokerages also recently weighed in on FCAU. Zacks Investment Research downgraded Fiat Chrysler Automobiles NV from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 25th. Morgan Stanley started coverage on Fiat Chrysler Automobiles NV in a research note on Thursday, August 25th. They issued an “outperform” rating for the company. Jefferies Group started coverage on Fiat Chrysler Automobiles NV in a research note on Tuesday, August 9th. They issued a “buy” rating for the company. Citigroup Inc. downgraded Fiat Chrysler Automobiles NV from a “neutral” rating to a “sell” rating in a research note on Thursday, June 16th. Finally, Goldman Sachs Group Inc. downgraded Fiat Chrysler Automobiles NV from a “conviction-buy” rating to a “buy” rating in a research note on Monday, June 27th. Five investment analysts have rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $7.71.

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

Fiat Chrysler Automobiles NV (NYSE:FCAU) opened at 6.54 on Wednesday. The firm’s 50-day moving average price is $6.73 and its 200 day moving average price is $7.07. The firm has a market cap of $8.43 billion, a PE ratio of 12.48 and a beta of 1.80. Fiat Chrysler Automobiles NV has a 52-week low of $5.45 and a 52-week high of $10.89.

Fiat Chrysler Automobiles NV (NYSE:FCAU) last announced its earnings results on Wednesday, July 27th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. The company earned $27.89 billion during the quarter, compared to the consensus estimate of $28.89 billion. Fiat Chrysler Automobiles NV had a return on equity of 16.12% and a net margin of 0.67%. The company’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.29 earnings per share. On average, equities analysts anticipate that Fiat Chrysler Automobiles NV will post $1.62 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the company. BLB&B Advisors LLC acquired a new position in shares of Fiat Chrysler Automobiles NV during the second quarter worth about $100,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Fiat Chrysler Automobiles NV by 19.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 17,364 shares of the company’s stock worth $106,000 after buying an additional 2,830 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Fiat Chrysler Automobiles NV by 307.8% in the second quarter. Tower Research Capital LLC TRC now owns 18,675 shares of the company’s stock worth $114,000 after buying an additional 14,096 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Fiat Chrysler Automobiles NV by 2.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,259 shares of the company’s stock worth $138,000 after buying an additional 450 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Fiat Chrysler Automobiles NV during the second quarter worth about $140,000. 26.64% of the stock is currently owned by hedge funds and other institutional investors.

5 Day Chart for NYSE:FCAU

To view Vetr’s full report, visit Vetr’s official website.

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