Fiat Chrysler Automobiles N.V. (NYSE:FCAU) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 32,760,560 shares, a decrease of 20.7% from the June 15th total of 41,290,982 shares. Approximately 3.1% of the shares of the company are sold short. Based on an average trading volume of 4,403,163 shares, the short-interest ratio is presently 7.4 days.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. CAPROCK Group Inc. bought a new position in Fiat Chrysler Automobiles N.V. during the first quarter valued at about $115,000. Sanders Morris Harris Inc. bought a new position in Fiat Chrysler Automobiles N.V. during the first quarter valued at about $2,287,000. VNBTrust National Association bought a new position in Fiat Chrysler Automobiles N.V. during the first quarter valued at about $3,560,000. Capital Asset Advisory Services LLC bought a new position in Fiat Chrysler Automobiles N.V. during the first quarter valued at about $417,000. Finally, Bank of Montreal Can boosted its position in Fiat Chrysler Automobiles N.V. by 34.9% in the first quarter. Bank of Montreal Can now owns 196,202 shares of the company’s stock valued at $2,144,000 after buying an additional 50,714 shares in the last quarter. 29.28% of the stock is currently owned by institutional investors.
Several analysts have commented on FCAU shares. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Fiat Chrysler Automobiles N.V. in a research note on Wednesday, April 26th. Morgan Stanley increased their target price on Fiat Chrysler Automobiles N.V. from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, April 28th. Zacks Investment Research raised Fiat Chrysler Automobiles N.V. from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Thursday, April 20th. Bank of America Corporation reissued an “underperform” rating and set a $9.00 target price (down from $10.00) on shares of Fiat Chrysler Automobiles N.V. in a research note on Friday, June 16th. Finally, Jefferies Group LLC set a $14.00 target price on Fiat Chrysler Automobiles N.V. and gave the stock a “buy” rating in a research note on Monday, May 22nd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.55.
Fiat Chrysler Automobiles N.V. (NYSE FCAU) traded down 2.152% during trading on Thursday, reaching $12.505. The company had a trading volume of 2,945,135 shares. The company has a 50-day moving average of $11.73 and a 200-day moving average of $11.06. Fiat Chrysler Automobiles N.V. has a 52-week low of $6.05 and a 52-week high of $12.91. The firm has a market capitalization of $19.22 billion, a P/E ratio of 5.757 and a beta of 1.72.
Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last announced its earnings results on Thursday, July 27th. The company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.17. Fiat Chrysler Automobiles N.V. had a return on equity of 15.69% and a net margin of 2.51%. The firm had revenue of $27.93 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same quarter in the previous year, the company earned $0.45 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Analysts expect that Fiat Chrysler Automobiles N.V. will post $2.59 EPS for the current fiscal year.
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