Todays Report: Today: Berenberg Bank Reaffirmed Hold Rating for Fiat Chrysler Automobiles NV (FCAU)

Today: Berenberg Bank Reaffirmed Hold Rating for Fiat Chrysler Automobiles NV (FCAU)

Fiat Chrysler Automobiles NV (NYSE:FCAU)‘s stock had its “hold” rating reaffirmed by Berenberg Bank in a research report issued on Monday.

A number of other research firms have also weighed in on FCAU. Zacks Investment Research raised Fiat Chrysler Automobiles NV from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Vetr raised Fiat Chrysler Automobiles NV from a “hold” rating to a “buy” rating and set a $6.72 target price for the company in a report on Wednesday, September 14th. Evercore ISI raised Fiat Chrysler Automobiles NV from a “sell” rating to a “buy” rating in a report on Monday. Jefferies Group started coverage on Fiat Chrysler Automobiles NV in a report on Tuesday, August 9th. They set a “buy” rating for the company. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Fiat Chrysler Automobiles NV in a report on Wednesday, October 26th. Six analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Fiat Chrysler Automobiles NV has an average rating of “Hold” and an average target price of $7.47.

Fiat Chrysler Automobiles NV (NYSE:FCAU) opened at 7.83 on Monday. Fiat Chrysler Automobiles NV has a one year low of $5.45 and a one year high of $9.51. The company has a 50-day moving average of $6.95 and a 200-day moving average of $6.77. The company has a market cap of $10.09 billion, a price-to-earnings ratio of 7.04 and a beta of 1.65.

Hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. raised its stake in shares of Fiat Chrysler Automobiles NV by 3,217.2% in the third quarter. D.A. Davidson & CO. now owns 117,961 shares of the company’s stock valued at $754,000 after buying an additional 114,405 shares in the last quarter. Cetera Advisor Networks LLC raised its stake in shares of Fiat Chrysler Automobiles NV by 58.0% in the third quarter. Cetera Advisor Networks LLC now owns 41,495 shares of the company’s stock valued at $263,000 after buying an additional 15,240 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Fiat Chrysler Automobiles NV by 371.6% in the third quarter. D. E. Shaw & Co. Inc. now owns 579,691 shares of the company’s stock valued at $3,710,000 after buying an additional 456,767 shares in the last quarter. Ontario Teachers Pension Plan Board raised its stake in shares of Fiat Chrysler Automobiles NV by 7.5% in the third quarter. Ontario Teachers Pension Plan Board now owns 167,053 shares of the company’s stock valued at $1,061,000 after buying an additional 11,699 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Fiat Chrysler Automobiles NV during the third quarter valued at about $2,976,000. 26.12% of the stock is owned by institutional investors and hedge funds.

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