Fiat Chrysler Automobiles (FCAU) Shares Gap Up to $14.53
Fiat Chrysler Automobiles NV (NYSE:FCAU) gapped up before the market opened on Tuesday . The stock had previously closed at $13.83, but opened at $14.53. Fiat Chrysler Automobiles shares last traded at $15.11, with a volume of 7889544 shares trading hands.
Several research firms recently commented on FCAU. ValuEngine raised shares of Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a research note on Monday, November 26th. Zacks Investment Research raised shares of Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. Barclays lowered shares of Fiat Chrysler Automobiles from an “overweight” rating to an “equal weight” rating and set a $15.23 price objective on the stock. in a research note on Friday, February 8th. Finally, UBS Group lowered shares of Fiat Chrysler Automobiles from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Fiat Chrysler Automobiles currently has an average rating of “Hold” and a consensus price target of $20.22.
The company has a current ratio of 0.82, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $28.47 billion, a PE ratio of 4.00, a PEG ratio of 0.55 and a beta of 1.82.
The company also recently announced an annual dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Wednesday, April 24th will be issued a $0.7353 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a yield of 4.91%.
A number of institutional investors have recently modified their holdings of FCAU. Parisi Gray Wealth Management raised its holdings in Fiat Chrysler Automobiles by 273.5% in the fourth quarter. Parisi Gray Wealth Management now owns 1,789 shares of the company’s stock worth $26,000 after buying an additional 1,310 shares during the last quarter. We Are One Seven LLC purchased a new position in Fiat Chrysler Automobiles in the fourth quarter worth about $31,000. Fosun International Ltd purchased a new position in Fiat Chrysler Automobiles in the fourth quarter worth about $38,000. Lindbrook Capital LLC purchased a new position in Fiat Chrysler Automobiles in the fourth quarter worth about $40,000. Finally, Rocky Mountain Advisers LLC raised its holdings in shares of Fiat Chrysler Automobiles by 51.2% during the fourth quarter. Rocky Mountain Advisers LLC now owns 4,429 shares of the company’s stock valued at $64,000 after purchasing an additional 1,500 shares during the last quarter. 26.99% of the stock is owned by institutional investors and hedge funds.
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About Fiat Chrysler Automobiles (NYSE:FCAU)
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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