Fiat Chrysler Automobiles N.V. (NYSE:FCAU) Receives $11.88 Consensus PT from Analysts

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) has been assigned an average rating of “Hold” from the fourteen research firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $11.88.

FCAU has been the subject of several recent analyst reports. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Fiat Chrysler Automobiles N.V. in a report on Thursday, April 20th. Zacks Investment Research upgraded Fiat Chrysler Automobiles N.V. from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Thursday, April 20th. Morgan Stanley increased their price objective on Fiat Chrysler Automobiles N.V. from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, April 28th. Jefferies Group LLC set a $14.00 price objective on Fiat Chrysler Automobiles N.V. and gave the stock a “buy” rating in a report on Monday, May 22nd. Finally, Bank of America Corporation reiterated an “underperform” rating and set a $9.00 price objective (down from $10.00) on shares of Fiat Chrysler Automobiles N.V. in a report on Friday, June 16th.

Shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) opened at 11.64 on Monday. Fiat Chrysler Automobiles N.V. has a one year low of $6.05 and a one year high of $12.17. The stock’s 50 day moving average price is $11.55 and its 200 day moving average price is $11.01. The firm has a market capitalization of $17.89 billion, a price-to-earnings ratio of 5.36 and a beta of 1.72.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $27.93 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the prior year, the company earned $0.45 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Analysts expect that Fiat Chrysler Automobiles N.V. will post $2.57 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC boosted its stake in Fiat Chrysler Automobiles N.V. by 56.9% in the first quarter. AQR Capital Management LLC now owns 31,563,111 shares of the company’s stock worth $346,023,000 after buying an additional 11,450,245 shares during the last quarter. FMR LLC boosted its stake in Fiat Chrysler Automobiles N.V. by 88.3% in the first quarter. FMR LLC now owns 27,377,215 shares of the company’s stock worth $299,304,000 after buying an additional 12,837,115 shares during the last quarter. Vanguard Group Inc. boosted its stake in Fiat Chrysler Automobiles N.V. by 4.2% in the first quarter. Vanguard Group Inc. now owns 24,894,440 shares of the company’s stock worth $272,095,000 after buying an additional 1,012,634 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Fiat Chrysler Automobiles N.V. by 25.0% in the first quarter. Russell Investments Group Ltd. now owns 17,605,184 shares of the company’s stock worth $192,562,000 after buying an additional 3,524,249 shares during the last quarter. Finally, Dalal Street LLC boosted its stake in Fiat Chrysler Automobiles N.V. by 7.9% in the first quarter. Dalal Street LLC now owns 12,922,130 shares of the company’s stock worth $141,239,000 after buying an additional 950,200 shares during the last quarter. 29.29% of the stock is owned by hedge funds and other institutional investors.

About Fiat Chrysler Automobiles N.V.

Analyst Recommendations for Fiat Chrysler Automobiles N.V. (NYSE:FCAU)

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