Fiat Chrysler Automobiles (NYSE:FCAU)'s stock had its "neutral" rating reissued by analysts at UBS Group in a research note issued on Tuesday, The Fly reports.
A number of other equities research analysts have also recently commented on the company. Zacks Investment Research upgraded Fiat Chrysler Automobiles from a "strong sell" rating to a "hold" rating in a research note on Monday, May 18th. Redburn Partners upgraded Fiat Chrysler Automobiles from a "neutral" rating to a "buy" rating in a research note on Monday, June 22nd. Finally, ValuEngine upgraded Fiat Chrysler Automobiles from a "sell" rating to a "hold" rating in a research note on Monday, June 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of "Buy" and a consensus target price of $12.89.
NYSE:FCAU traded up $0.18 during trading hours on Tuesday, hitting $10.10. 207,569 shares of the company traded hands, compared to its average volume of 3,947,119. The company has a quick ratio of 0.51, a current ratio of 0.77 and a debt-to-equity ratio of 0.30. The firm's 50-day simple moving average is $9.04 and its 200-day simple moving average is $10.82. Fiat Chrysler Automobiles has a one year low of $6.00 and a one year high of $16.25. The company has a market cap of $19.44 billion, a PE ratio of 28.06 and a beta of 1.88.
Fiat Chrysler Automobiles (NYSE:FCAU) last released its earnings results on Tuesday, May 5th. The company reported ($0.30) EPS for the quarter, missing the Zacks' consensus estimate of $0.06 by ($0.36). The business had revenue of $20.57 billion for the quarter, compared to the consensus estimate of $21.12 billion. Fiat Chrysler Automobiles had a return on equity of 11.33% and a net margin of 0.49%. The company's revenue for the quarter was down 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share. As a group, equities research analysts expect that Fiat Chrysler Automobiles will post -0.69 EPS for the current year.
Several institutional investors have recently made changes to their positions in the stock. State Street Corp raised its holdings in Fiat Chrysler Automobiles by 148.4% in the first quarter. State Street Corp now owns 192,235 shares of the company's stock worth $1,383,000 after purchasing an additional 114,834 shares in the last quarter. Advisor Group Holdings Inc. bought a new position in Fiat Chrysler Automobiles in the first quarter worth $145,000. Engineers Gate Manager LP raised its holdings in Fiat Chrysler Automobiles by 33.0% in the first quarter. Engineers Gate Manager LP now owns 169,489 shares of the company's stock worth $1,219,000 after purchasing an additional 42,061 shares in the last quarter. Tudor Investment Corp Et Al bought a new position in Fiat Chrysler Automobiles in the first quarter worth $113,000. Finally, CIBC World Markets Inc. raised its holdings in Fiat Chrysler Automobiles by 2.4% in the first quarter. CIBC World Markets Inc. now owns 173,864 shares of the company's stock worth $1,250,000 after purchasing an additional 4,015 shares in the last quarter. Institutional investors own 23.17% 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 five segments: NAFTA, LATAM, APAC, EMEA, and Maserati. It provides passenger cars, SUV vehicles, 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.
Read More: Analyst Ratings
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
13 Stocks Institutional Investors Won't Stop Buying
University endowments, pension funds, sovereign wealth funds, hedge funds and other institutional investors have recently been pouring money into a a group of 13 elite stocks.
These institutional investors don't get easily swayed by hot stocks that are popular with retail investors. You probably won't see a Tesla or a SnapChat in this group, because institutional investors know that these "popular kid" stocks almost always aren't great investments. However, you will find some incredibly solid companies on this list backed by real earnings and real fundamentals.
In order to identify these stocks, we had to comb through every 13D and 13F filing that institutional investors have filed with the SEC in the last quarter. After reviewing more than 5,000 filings, we have identified 13 companies that institutional investors have been buying left. Big money investors are pouring hundreds of millions of dollars into these stocks.
View the "13 Stocks Institutional Investors Won't Stop Buying".