Zacks Investment Research cut shares of Fiat Chrysler Automobiles (NYSE:FCAU) from a buy rating to a hold rating in a report released on Tuesday morning.

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. “

FCAU has been the topic of several other research reports. Jefferies Group restated a buy rating and set a $19.00 price objective on shares of Fiat Chrysler Automobiles in a research report on Monday, October 16th. Morgan Stanley raised their price objective on shares of Fiat Chrysler Automobiles from $14.00 to $18.00 and gave the company an overweight rating in a research report on Tuesday, November 21st. Bank of America upgraded shares of Fiat Chrysler Automobiles from an underperform rating to a neutral rating and raised their price objective for the company from $9.00 to $18.00 in a research report on Monday, August 28th. BidaskClub upgraded shares of Fiat Chrysler Automobiles from a buy rating to a strong-buy rating in a research report on Thursday, September 28th. Finally, Deutsche Bank restated a hold rating on shares of Fiat Chrysler Automobiles in a research report on Thursday, September 7th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $16.65.

Fiat Chrysler Automobiles (FCAU) traded down $0.22 during trading on Tuesday, hitting $17.53. 1,383,800 shares of the stock traded hands, compared to its average volume of 6,732,557. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.48 and a current ratio of 0.77. The stock has a market cap of $27,286.97, a PE ratio of 7.72, a P/E/G ratio of 0.36 and a beta of 1.63. Fiat Chrysler Automobiles has a 12-month low of $8.58 and a 12-month high of $18.33.

Several hedge funds have recently added to or reduced their stakes in FCAU. Ballentine Partners LLC bought a new position in shares of Fiat Chrysler Automobiles during the 2nd quarter valued at $117,000. BKS Advisors LLC bought a new position in shares of Fiat Chrysler Automobiles during the 2nd quarter valued at $128,000. US Bancorp DE grew its holdings in shares of Fiat Chrysler Automobiles by 15.6% during the 2nd quarter. US Bancorp DE now owns 12,591 shares of the company’s stock valued at $134,000 after purchasing an additional 1,699 shares during the last quarter. QCM Cayman Ltd. bought a new position in shares of Fiat Chrysler Automobiles during the 2nd quarter valued at $136,000. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Fiat Chrysler Automobiles by 3.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 13,222 shares of the company’s stock valued at $141,000 after purchasing an additional 430 shares during the last quarter. 31.24% of the stock is currently owned by institutional investors.

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About Fiat Chrysler Automobiles

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; 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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