Today, Fiat Chrysler Automobiles NV (FCAU) Cut to “Buy” at Vetr Inc.

Today, Fiat Chrysler Automobiles NV (FCAU) Cut to “Buy” at Vetr Inc.

Fiat Chrysler Automobiles NV (NYSE:FCAU) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday. They currently have a $7.32 price objective on the stock. Vetr‘s price target suggests a potential upside of 11.25% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. Goldman Sachs Group Inc. downgraded Fiat Chrysler Automobiles NV from a “conviction-buy” rating to a “buy” rating in a research note on Monday, June 27th. Jefferies Group initiated coverage on Fiat Chrysler Automobiles NV in a research note on Tuesday, August 9th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded Fiat Chrysler Automobiles NV from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Morgan Stanley initiated coverage on Fiat Chrysler Automobiles NV in a research note on Thursday, August 25th. They issued an “outperform” rating on the stock. Finally, Citigroup Inc. downgraded Fiat Chrysler Automobiles NV from a “neutral” rating to a “sell” rating in a research note on Thursday, June 16th. Six investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Fiat Chrysler Automobiles NV currently has a consensus rating of “Hold” and an average price target of $7.71.

Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) opened at 6.58 on Thursday. The company’s 50-day moving average price is $6.61 and its 200-day moving average price is $6.98. Fiat Chrysler Automobiles NV has a 12 month low of $5.45 and a 12 month high of $10.89. The firm has a market cap of $8.48 billion, a P/E ratio of 12.56 and a beta of 1.81.

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Fiat Chrysler Automobiles NV (NYSE:FCAU) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The business earned $27.89 billion during the quarter, compared to the consensus estimate of $28.89 billion. Fiat Chrysler Automobiles NV had a return on equity of 16.12% and a net margin of 0.67%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. On average, analysts predict that Fiat Chrysler Automobiles NV will post $1.64 EPS for the current year.

Several large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake in Fiat Chrysler Automobiles NV by 84.9% in the third quarter. BNP Paribas Arbitrage SA now owns 210,760 shares of the company’s stock worth $1,349,000 after buying an additional 96,801 shares during the period. Norman Fields Gottscho Capital Management LLC bought a new stake in Fiat Chrysler Automobiles NV during the third quarter worth approximately $124,000. Northwestern Mutual Wealth Management Co. boosted its stake in Fiat Chrysler Automobiles NV by 39.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 39,035 shares of the company’s stock worth $239,000 after buying an additional 11,056 shares during the period. Royal Bank of Canada boosted its stake in Fiat Chrysler Automobiles NV by 7.2% in the second quarter. Royal Bank of Canada now owns 475,297 shares of the company’s stock worth $2,909,000 after buying an additional 31,790 shares during the period. Finally, Stifel Financial Corp bought a new stake in Fiat Chrysler Automobiles NV during the second quarter worth approximately $167,000. 26.64% of the stock is currently owned by institutional investors.

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