Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) have earned an average recommendation of "Buy" from the twelve research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $14.00.
A number of equities research analysts have recently commented on FCAU shares. Zacks Investment Research raised Fiat Chrysler Automobiles from a "hold" rating to a "buy" rating and set a $12.00 price target on the stock in a research report on Friday, July 31st. UBS Group reissued a "neutral" rating on shares of Fiat Chrysler Automobiles in a research report on Tuesday, June 30th. TheStreet lowered shares of Fiat Chrysler Automobiles from a "c-" rating to a "d+" rating in a research report on Monday, August 3rd. Sanford C. Bernstein assumed coverage on shares of Fiat Chrysler Automobiles in a research report on Tuesday, September 8th. They issued an "underperform" rating on the stock. Finally, ValuEngine upgraded shares of Fiat Chrysler Automobiles from a "sell" rating to a "hold" rating in a research note on Monday, June 1st.
Hedge funds have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA lifted its holdings in Fiat Chrysler Automobiles by 40.3% during the 2nd quarter. Glenmede Trust Co. NA now owns 3,784 shares of the company's stock worth $38,000 after purchasing an additional 1,086 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Fiat Chrysler Automobiles by 0.3% in the 1st quarter. Public Sector Pension Investment Board now owns 552,540 shares of the company's stock valued at $3,984,000 after purchasing an additional 1,866 shares during the period. Coastal Investment Advisors Inc. lifted its stake in shares of Fiat Chrysler Automobiles by 4.5% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 44,194 shares of the company's stock valued at $453,000 after purchasing an additional 1,908 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Fiat Chrysler Automobiles by 0.5% in the 1st quarter. Janus Henderson Group PLC now owns 399,179 shares of the company's stock valued at $2,878,000 after purchasing an additional 1,987 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in Fiat Chrysler Automobiles by 11.9% during the second quarter. Commonwealth Equity Services LLC now owns 20,044 shares of the company's stock valued at $205,000 after buying an additional 2,135 shares during the last quarter. 21.60% of the stock is currently owned by institutional investors.
Shares of NYSE:FCAU opened at $12.81 on Wednesday. The business's fifty day moving average price is $11.15 and its two-hundred day moving average price is $9.60. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.91 and a quick ratio of 0.63. The stock has a market capitalization of $25.10 billion, a price-to-earnings ratio of -13.77 and a beta of 1.82. Fiat Chrysler Automobiles has a fifty-two week low of $6.00 and a fifty-two week high of $16.25.
Fiat Chrysler Automobiles (NYSE:FCAU) last released its earnings results on Friday, July 31st. The company reported ($0.65) earnings per share for the quarter, beating the consensus estimate of ($1.98) by $1.33. The firm had revenue of $11.71 billion for the quarter, compared to analyst estimates of $13.95 billion. Fiat Chrysler Automobiles had a positive return on equity of 4.83% and a negative net margin of 1.49%. The company's quarterly revenue was down 56.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Research analysts expect that Fiat Chrysler Automobiles will post 0.43 EPS for the current fiscal year.
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.
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7 Gold Stocks to Buy Before the Fed Changes Its Mind
Just when investors thought that the price of gold couldn’t go any higher, the Federal Reserve added fuel to the fire. On July 29, the Fed said there was not sufficient evidence of an economic recovery to warrant changing their current policies.
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And while the novel coronavirus was certainly a factor, it’s not the only factor. The Fed is looking intently at the collateral damage from the lockdown measures in March and April. Over 14 million Americans who had jobs in February are unemployed. And many of those jobs will not be coming back.
This is creating the perfect scenario for gold and gold stocks. The price of gold has surged over 25% in 2020. At the time of this writing, it sits at $1,953 per ounce. Of course as soon as gold starts to near $2,000 the cries that the rally is over begin.
Are they right again? Maybe, but I’m a little skeptical. Gold always climbs during times of uncertainty. That’s true today more than ever. We’re months away from a presidential election. We’re learning how to live with a novel virus for which there is no vaccine. We have social unrest that has turned into riots in many major cities.
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View the "7 Gold Stocks to Buy Before the Fed Changes Its Mind".