Fiat Chrysler Automobiles NV (NYSE:FCAU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm presently has a $11.00 target price on the stock. Zacks Investment Research’s target price points to a potential upside of 7.63% from the company’s current price.

According to Zacks, “Fiat Chrysler Automobiles NV operates as an international automotive company. It is engaged in designing, engineering, manufacturing, distributing and selling vehicles and components and production systems. The Company operates under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. It also produces metallurgical products and production systems for the automobile industry, and owns publishing and insurance companies. Fiat Chrysler Automobiles NV is based in United Kingdom. “

Other equities research analysts have also recently issued reports about the stock. Goldman Sachs Group Inc reaffirmed a “buy” rating on shares of Fiat Chrysler Automobiles NV in a report on Thursday. Vetr cut shares of Fiat Chrysler Automobiles NV from a “hold” rating to a “sell” rating and set a $10.87 target price for the company. in a report on Tuesday, February 14th. Barclays PLC raised shares of Fiat Chrysler Automobiles NV from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $5.60 to $10.00 in a report on Friday, February 3rd. Finally, Jefferies Group LLC set a $11.00 target price on shares of Fiat Chrysler Automobiles NV and gave the company a “buy” rating in a report on Thursday, January 12th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $11.81.

Analyst Recommendations for Fiat Chrysler Automobiles NV (NYSE:FCAU)

Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) traded up 2.51% during trading on Thursday, reaching $10.22. The company had a trading volume of 8,205,789 shares. The firm has a market capitalization of $15.62 billion, a PE ratio of 8.13 and a beta of 1.78. The firm has a 50-day moving average of $10.71 and a 200 day moving average of $9.23. Fiat Chrysler Automobiles NV has a 1-year low of $5.45 and a 1-year high of $11.63.

Fiat Chrysler Automobiles NV (NYSE:FCAU) last announced its earnings results on Thursday, January 26th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by $0.01. Fiat Chrysler Automobiles NV had a net margin of 1.63% and a return on equity of 14.89%. The business earned $29.72 billion during the quarter, compared to analysts’ expectations of $31.32 billion. During the same period in the previous year, the company posted $0.74 earnings per share. Fiat Chrysler Automobiles NV’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts expect that Fiat Chrysler Automobiles NV will post $2.08 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Fiat Chrysler Automobiles NV (FCAU) Lifted to “Buy” at Zacks Investment Research” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at http://www.watchlistnews.com/fiat-chrysler-automobiles-nv-fcau-lifted-to-buy-at-zacks-investment-research/1205918.html.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sanders Morris Harris Inc. purchased a new position in Fiat Chrysler Automobiles NV during the first quarter valued at about $2,287,000. VNBTrust National Association purchased a new position in Fiat Chrysler Automobiles NV during the first quarter valued at about $3,560,000. Capital Asset Advisory Services LLC purchased a new position in Fiat Chrysler Automobiles NV during the first quarter valued at about $417,000. Bank of Montreal Can boosted its position in Fiat Chrysler Automobiles NV by 34.9% in the first quarter. Bank of Montreal Can now owns 196,202 shares of the company’s stock valued at $2,144,000 after buying an additional 50,714 shares in the last quarter. Finally, SOL Capital Management CO boosted its position in Fiat Chrysler Automobiles NV by 6.2% in the first quarter. SOL Capital Management CO now owns 31,850 shares of the company’s stock valued at $348,000 after buying an additional 1,850 shares in the last quarter. 23.17% of the stock is owned by hedge funds and other institutional investors.

5 Day Chart for NYSE:FCAU

Get a free copy of the Zacks research report on Fiat Chrysler Automobiles NV (FCAU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Fiat Chrysler Automobiles NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiat Chrysler Automobiles NV and related companies with Analyst Ratings Network's FREE daily email newsletter.