Fiat Chrysler Automobiles (FCAU) Shares Gap Up to $23.50

Shares of Fiat Chrysler Automobiles (NYSE:FCAU) gapped up prior to trading on Tuesday . The stock had previously closed at $22.70, but opened at $23.50. Fiat Chrysler Automobiles shares last traded at $24.18, with a volume of 3415654 shares traded.

FCAU has been the subject of a number of recent analyst reports. Nomura initiated coverage on shares of Fiat Chrysler Automobiles in a research note on Wednesday, March 21st. They issued a “neutral” rating and a $19.00 target price for the company. Zacks Investment Research upgraded shares of Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Wednesday, December 20th. Morgan Stanley lifted their target price on shares of Fiat Chrysler Automobiles from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 10th. BNP Paribas upgraded shares of Fiat Chrysler Automobiles from an “underperform” rating to a “neutral” rating in a research note on Friday, January 19th. Finally, Instinet started coverage on shares of Fiat Chrysler Automobiles in a research note on Wednesday, March 21st. They issued a “neutral” rating and a $21.10 target price for the company. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $20.79.

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The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.49 and a current ratio of 0.77. The company has a market cap of $47,127.55, a PE ratio of 8.83 and a beta of 2.07.



Fiat Chrysler Automobiles (NYSE:FCAU) last posted its earnings results on Thursday, January 25th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.18. Fiat Chrysler Automobiles had a net margin of 3.17% and a return on equity of 18.81%. The firm had revenue of $28.88 billion during the quarter, compared to analysts’ expectations of $30.08 billion. During the same period in the previous year, the business posted $0.35 EPS. The business’s revenue was down 2.8% compared to the same quarter last year. research analysts expect that Fiat Chrysler Automobiles will post 3.65 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG increased its holdings in Fiat Chrysler Automobiles by 10.2% in the 4th quarter. Deutsche Bank AG now owns 10,819,542 shares of the company’s stock worth $193,018,000 after acquiring an additional 1,005,791 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in Fiat Chrysler Automobiles in the 4th quarter worth $170,403,000. Bank of Italy increased its holdings in Fiat Chrysler Automobiles by 10.9% in the 4th quarter. Bank of Italy now owns 7,686,470 shares of the company’s stock worth $137,446,000 after acquiring an additional 752,486 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Fiat Chrysler Automobiles in the 4th quarter worth $105,244,000. Finally, Allianz Asset Management GmbH increased its holdings in Fiat Chrysler Automobiles by 3.1% in the 4th quarter. Allianz Asset Management GmbH now owns 3,793,874 shares of the company’s stock worth $67,683,000 after acquiring an additional 115,437 shares in the last quarter. Hedge funds and other institutional investors own 25.83% of the company’s stock.

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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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