Zacks Investment Research Lowers Fiat Chrysler Automobiles (FCAU) to Strong Sell

Fiat Chrysler Automobiles (NYSE:FCAU) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.

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. “

Several other equities research analysts have also commented on the company. Jefferies Financial Group raised Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Thursday, July 5th. They noted that the move was a valuation call. ValuEngine lowered Fiat Chrysler Automobiles from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. Exane BNP Paribas raised Fiat Chrysler Automobiles from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 12th. BNP Paribas raised Fiat Chrysler Automobiles from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 12th. Finally, UBS Group raised Fiat Chrysler Automobiles from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $22.52.

FCAU traded up $0.25 during trading on Wednesday, reaching $18.24. The company’s stock had a trading volume of 3,947,500 shares, compared to its average volume of 5,321,268. Fiat Chrysler Automobiles has a 52-week low of $15.33 and a 52-week high of $24.95. The firm has a market capitalization of $35.69 billion, a PE ratio of 6.71, a P/E/G ratio of 0.20 and a beta of 1.90. The company has a current ratio of 0.82, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46.

Fiat Chrysler Automobiles (NYSE:FCAU) last announced its quarterly earnings results on Wednesday, July 25th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.37). The firm had revenue of $28.99 billion for the quarter, compared to analysts’ expectations of $28.99 billion. Fiat Chrysler Automobiles had a return on equity of 19.01% and a net margin of 3.14%. Fiat Chrysler Automobiles’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. sell-side analysts predict that Fiat Chrysler Automobiles will post 3.63 EPS for the current year.

A number of hedge funds have recently bought and sold shares of FCAU. US Bancorp DE lifted its stake in Fiat Chrysler Automobiles by 258.3% in the 1st quarter. US Bancorp DE now owns 52,693 shares of the company’s stock valued at $1,082,000 after buying an additional 37,986 shares in the last quarter. Northern Trust Corp lifted its stake in Fiat Chrysler Automobiles by 5.0% in the 1st quarter. Northern Trust Corp now owns 3,627,983 shares of the company’s stock valued at $74,447,000 after buying an additional 171,710 shares in the last quarter. IFP Advisors Inc lifted its stake in Fiat Chrysler Automobiles by 43.6% in the 1st quarter. IFP Advisors Inc now owns 8,618 shares of the company’s stock valued at $177,000 after buying an additional 2,616 shares in the last quarter. Natixis Advisors L.P. purchased a new stake in Fiat Chrysler Automobiles in the 1st quarter valued at approximately $431,000. Finally, Schroder Investment Management Group lifted its stake in Fiat Chrysler Automobiles by 42.1% in the 1st quarter. Schroder Investment Management Group now owns 1,695,599 shares of the company’s stock valued at $27,981,000 after buying an additional 502,469 shares in the last quarter. 25.96% of the stock is currently owned by hedge funds and other institutional investors.

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.

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