Fiat Chrysler Automobiles NV (NYSE:FCAU) shares gapped down before the market opened on Friday . The stock had previously closed at $17.20, but opened at $16.66. Fiat Chrysler Automobiles shares last traded at $16.14, with a volume of 6093024 shares.

Several research analysts have issued reports on the stock. Jefferies Financial Group cut shares of Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a report on Wednesday, April 25th. HSBC began coverage on shares of Fiat Chrysler Automobiles in a report on Tuesday, May 22nd. They issued a “buy” rating on the stock. Zacks Investment Research cut shares of Fiat Chrysler Automobiles from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 16th. MED upgraded shares of Fiat Chrysler Automobiles to a “neutral” rating in a report on Friday, May 25th. Finally, ValuEngine cut shares of Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a report on Tuesday, June 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.13.

The company has a market capitalization of $32.47 billion, a P/E ratio of 5.43, a P/E/G ratio of 0.17 and a beta of 1.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.53 and a current ratio of 0.82.

Fiat Chrysler Automobiles (NYSE:FCAU) last released its earnings results on Wednesday, July 25th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.37). The company had revenue of $28.99 billion during the quarter, compared to analyst estimates of $28.99 billion. Fiat Chrysler Automobiles had a return on equity of 19.01% and a net margin of 3.14%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the business earned $0.69 earnings per share. research analysts expect that Fiat Chrysler Automobiles NV will post 3.8 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Element Capital Management LLC purchased a new position in Fiat Chrysler Automobiles during the 1st quarter worth approximately $1,294,000. Sciencast Management LP purchased a new position in Fiat Chrysler Automobiles during the 1st quarter worth approximately $728,000. Aviva PLC raised its position in Fiat Chrysler Automobiles by 25.1% during the 2nd quarter. Aviva PLC now owns 656,632 shares of the company’s stock worth $12,490,000 after buying an additional 131,691 shares during the last quarter. Parametrica Management Ltd raised its position in Fiat Chrysler Automobiles by 50.0% during the 1st quarter. Parametrica Management Ltd now owns 41,472 shares of the company’s stock worth $851,000 after buying an additional 13,817 shares during the last quarter. Finally, Edge Wealth Management LLC raised its position in Fiat Chrysler Automobiles by 655.3% during the 2nd quarter. Edge Wealth Management LLC now owns 30,213 shares of the company’s stock worth $571,000 after buying an additional 26,213 shares during the last quarter. Institutional investors own 25.58% 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 six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, 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

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