Fiat Chrysler Automobiles N.V. (FCAU) Reaches New 1-Year High at $16.39
Shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $16.39 and last traded at $16.40, with a volume of 4,206,904 shares changing hands. The stock had previously closed at $15.53.
Several analysts have issued reports on the company. Kepler Capital Markets raised Fiat Chrysler Automobiles N.V. from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Jefferies Group LLC boosted their price target on Fiat Chrysler Automobiles N.V. from $14.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research raised Fiat Chrysler Automobiles N.V. from a “sell” rating to a “strong-buy” rating and set a $17.00 price target for the company in a report on Friday, August 25th. Bank of America Corporation raised Fiat Chrysler Automobiles N.V. from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $9.00 to $18.00 in a report on Monday, August 28th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $14.00 price objective on shares of Fiat Chrysler Automobiles N.V. in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $15.41.
The firm has a 50-day moving average price of $13.14 and a 200-day moving average price of $11.45. The firm has a market capitalization of $25.18 billion, a PE ratio of 7.60 and a beta of 1.67.
Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last posted its earnings results on Thursday, July 27th. The company reported $0.76 EPS for the quarter, beating 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 firm had revenue of $27.93 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same period last year, the firm earned $0.45 EPS. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, equities research analysts forecast that Fiat Chrysler Automobiles N.V. will post $2.61 EPS for the current year.
Several large investors have recently bought and sold shares of the company. Investment Centers of America Inc. acquired a new stake in Fiat Chrysler Automobiles N.V. in the 1st quarter worth about $110,000. Ballentine Partners LLC acquired a new stake in Fiat Chrysler Automobiles N.V. in the 2nd quarter worth about $117,000. US Bancorp DE boosted its holdings in Fiat Chrysler Automobiles N.V. by 5.7% in the 1st quarter. US Bancorp DE now owns 10,892 shares of the company’s stock worth $120,000 after buying an additional 589 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Fiat Chrysler Automobiles N.V. in the 1st quarter worth about $124,000. Finally, BKS Advisors LLC acquired a new stake in Fiat Chrysler Automobiles N.V. in the 2nd quarter worth about $128,000. Hedge funds and other institutional investors own 28.78% of the company’s stock.
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About Fiat Chrysler Automobiles N.V.
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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