Fiat Chrysler Automobiles (NYSE:FCAU) Rating Increased to Buy at Commerzbank

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Fiat Chrysler Automobiles (NYSE:FCAU) was upgraded by research analysts at Commerzbank from a “hold” rating to a “buy” rating in a research report issued on Wednesday, October 30th, The Fly reports.

A number of other equities analysts have also recently issued reports on FCAU. Zacks Investment Research cut shares of Fiat Chrysler Automobiles from a “buy” rating to a “sell” rating in a report on Monday, October 14th. Goldman Sachs Group assumed coverage on shares of Fiat Chrysler Automobiles in a report on Monday, July 15th. They issued a “sell” rating and a $14.18 target price on the stock. Finally, ValuEngine cut shares of Fiat Chrysler Automobiles from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.85.

Shares of FCAU stock traded up $0.18 during trading hours on Wednesday, hitting $16.19. 3,671,551 shares of the company were exchanged, compared to its average volume of 4,432,587. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.57 and a current ratio of 0.82. The business’s 50-day simple moving average is $13.53 and its two-hundred day simple moving average is $13.69. Fiat Chrysler Automobiles has a one year low of $12.11 and a one year high of $17.46. The stock has a market capitalization of $31.10 billion, a price-to-earnings ratio of 4.28, a P/E/G ratio of 2.14 and a beta of 1.74.

Fiat Chrysler Automobiles (NYSE:FCAU) last issued its earnings results on Thursday, October 31st. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.07). Fiat Chrysler Automobiles had a return on equity of 15.99% and a net margin of 2.33%. The business had revenue of $30.38 billion during the quarter, compared to the consensus estimate of $30.11 billion. As a group, analysts anticipate that Fiat Chrysler Automobiles will post 2.65 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arbor Wealth Management LLC raised its holdings in shares of Fiat Chrysler Automobiles by 0.3% during the third quarter. Arbor Wealth Management LLC now owns 391,521 shares of the company’s stock valued at $5,070,000 after buying an additional 1,196 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Fiat Chrysler Automobiles by 29.6% during the third quarter. Parallel Advisors LLC now owns 14,660 shares of the company’s stock valued at $190,000 after acquiring an additional 3,347 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Fiat Chrysler Automobiles by 24.4% during the third quarter. Russell Investments Group Ltd. now owns 2,070,319 shares of the company’s stock valued at $26,798,000 after acquiring an additional 406,214 shares during the period. Wetherby Asset Management Inc. increased its stake in shares of Fiat Chrysler Automobiles by 18.0% during the third quarter. Wetherby Asset Management Inc. now owns 38,868 shares of the company’s stock valued at $503,000 after acquiring an additional 5,934 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Fiat Chrysler Automobiles during the third quarter valued at approximately $230,000. 23.48% of the stock is currently owned by institutional investors.

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 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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