Fiat Chrysler Automobiles (FCAU) Downgraded to “Buy” at ValuEngine
ValuEngine downgraded shares of Fiat Chrysler Automobiles (NYSE:FCAU) from a strong-buy rating to a buy rating in a report released on Friday morning.
A number of other research firms have also commented on FCAU. BidaskClub lowered Fiat Chrysler Automobiles from a strong-buy rating to a buy rating in a research report on Tuesday, November 14th. Barclays upgraded Fiat Chrysler Automobiles from an equal weight rating to an overweight rating and decreased their price target for the stock from $15.53 to $10.00 in a research report on Wednesday, September 6th. Citigroup upgraded Fiat Chrysler Automobiles from a sell rating to a neutral rating and increased their price target for the stock from $6.87 to $18.33 in a research report on Friday, November 10th. Deutsche Bank restated a hold rating on shares of Fiat Chrysler Automobiles in a research report on Thursday, September 7th. Finally, Bank of America set a $19.00 price target on Fiat Chrysler Automobiles and gave the stock a hold rating in a research report on Wednesday, October 25th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $16.65.
Fiat Chrysler Automobiles (FCAU) traded down $0.01 during mid-day trading on Friday, hitting $17.09. The stock had a trading volume of 4,373,890 shares, compared to its average volume of 2,296,465. Fiat Chrysler Automobiles has a 52 week low of $7.58 and a 52 week high of $18.33. The company has a market cap of $26,287.73, a price-to-earnings ratio of 7.43, a P/E/G ratio of 0.35 and a beta of 1.64. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.48 and a current ratio of 0.77.
Institutional investors and hedge funds have recently made changes to their positions in the business. Ingalls & Snyder LLC bought a new position in Fiat Chrysler Automobiles in the 3rd quarter valued at $181,000. Ballentine Partners LLC bought a new position in Fiat Chrysler Automobiles in the 2nd quarter valued at $117,000. FineMark National Bank & Trust bought a new position in Fiat Chrysler Automobiles in the 3rd quarter valued at $188,000. Lorber David A boosted its position in Fiat Chrysler Automobiles by 38.3% in the 3rd quarter. Lorber David A now owns 11,844 shares of the company’s stock valued at $212,000 after buying an additional 3,279 shares during the last quarter. Finally, BKS Advisors LLC bought a new position in Fiat Chrysler Automobiles in the 2nd quarter valued at $128,000. Hedge funds and other institutional investors own 31.24% 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, 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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