Fiat Chrysler Automobiles (NYSE:FCAU) Rating Lowered to Hold at Zacks Investment Research

Fiat Chrysler Automobiles (NYSE:FCAU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.

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. “

A number of other research firms also recently weighed in on FCAU. Evercore ISI raised shares of Fiat Chrysler Automobiles from an “in-line” rating to an “outperform” rating in a research report on Wednesday, December 18th. ValuEngine upgraded Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. TheStreet downgraded Fiat Chrysler Automobiles from a “b-” rating to a “c” rating in a research report on Monday, February 3rd. Finally, Cfra dropped their target price on Fiat Chrysler Automobiles from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.67.

FCAU traded down $0.01 during trading on Tuesday, reaching $6.81. 2,838,800 shares of the stock were exchanged, compared to its average volume of 4,425,883. The stock has a market cap of $13.17 billion, a P/E ratio of 3.41, a price-to-earnings-growth ratio of 1.55 and a beta of 1.95. Fiat Chrysler Automobiles has a twelve month low of $6.00 and a twelve month high of $16.69. The stock’s 50 day moving average price is $10.52 and its two-hundred day moving average price is $13.22. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.58 and a current ratio of 0.81.

Fiat Chrysler Automobiles (NYSE:FCAU) last issued its earnings results on Thursday, February 6th. The company reported $0.97 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.09). Fiat Chrysler Automobiles had a return on equity of 15.12% and a net margin of 2.60%. The firm had revenue of $29.64 billion for the quarter, compared to analyst estimates of $29.07 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. Fiat Chrysler Automobiles’s quarterly revenue was down 3.2% on a year-over-year basis. Equities research analysts predict that Fiat Chrysler Automobiles will post 2.98 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Assetmark Inc. increased its stake in Fiat Chrysler Automobiles by 394.5% in the 4th quarter. Assetmark Inc. now owns 2,334 shares of the company’s stock worth $34,000 after purchasing an additional 1,862 shares during the period. Huntington National Bank purchased a new position in Fiat Chrysler Automobiles in the 4th quarter worth approximately $68,000. Atlas Capital Advisors LLC purchased a new position in Fiat Chrysler Automobiles in the 4th quarter worth approximately $106,000. Madison Wealth Management purchased a new position in Fiat Chrysler Automobiles in the 4th quarter worth approximately $154,000. Finally, Atria Investments LLC purchased a new position in Fiat Chrysler Automobiles in the 4th quarter worth approximately $156,000. Institutional investors own 23.39% 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 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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