Vetr upgraded shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) from a hold rating to a buy rating in a research report released on Wednesday morning. They currently have $6.72 price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Jefferies Group started coverage on shares of Fiat Chrysler Automobiles NV in a report on Tuesday, August 9th. They issued a buy rating on the stock. Goldman Sachs Group Inc. cut shares of Fiat Chrysler Automobiles NV from a conviction-buy rating to a buy rating in a report on Monday, June 27th. Zacks Investment Research cut shares of Fiat Chrysler Automobiles NV from a strong-buy rating to a hold rating in a report on Wednesday, May 25th. Morgan Stanley started coverage on shares of Fiat Chrysler Automobiles NV in a report on Thursday, August 25th. They issued an outperform rating on the stock. Finally, Citigroup Inc. cut shares of Fiat Chrysler Automobiles NV from a neutral rating to a sell rating in a report on Thursday, June 16th. Five equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $7.56.

Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) opened at 6.35 on Wednesday. The firm’s 50-day moving average price is $6.75 and its 200-day moving average price is $7.12. Fiat Chrysler Automobiles NV has a 12-month low of $5.45 and a 12-month high of $10.89. The firm has a market capitalization of $8.19 billion, a P/E ratio of 12.05 and a beta of 1.80.

Fiat Chrysler Automobiles NV (NYSE:FCAU) last issued its earnings results on Wednesday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The company had revenue of $27.89 billion for the quarter, compared to analysts’ expectations of $28.89 billion. Fiat Chrysler Automobiles NV had a net margin of 0.67% and a return on equity of 16.12%. Fiat Chrysler Automobiles NV’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 EPS. Equities analysts predict that Fiat Chrysler Automobiles NV will post $1.62 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BLB&B Advisors LLC purchased a new stake in Fiat Chrysler Automobiles NV during the second quarter valued at about $100,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Fiat Chrysler Automobiles NV by 2.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,259 shares of the company’s stock valued at $138,000 after buying an additional 450 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Fiat Chrysler Automobiles NV by 19.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 17,364 shares of the company’s stock valued at $106,000 after buying an additional 2,830 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Fiat Chrysler Automobiles NV by 307.8% in the second quarter. Tower Research Capital LLC TRC now owns 18,675 shares of the company’s stock valued at $114,000 after buying an additional 14,096 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Fiat Chrysler Automobiles NV during the second quarter valued at about $140,000. Hedge funds and other institutional investors own 26.64% of the company’s stock.

About Fiat Chrysler Automobiles NV

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To view Vetr’s full report, visit Vetr’s official website.

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