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.
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.
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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