Trading Report: Today: Evercore ISI Upgraded Fiat Chrysler Automobiles NV (FCAU) to Buy

Today: Evercore ISI Upgraded Fiat Chrysler Automobiles NV (FCAU) to Buy

Fiat Chrysler Automobiles NV (NYSE:FCAU) was upgraded by investment analysts at Evercore ISI from a “sell” rating to a “buy” rating in a report issued on Monday.

A number of other research firms have also weighed in on FCAU. Berenberg Bank initiated coverage on Fiat Chrysler Automobiles NV in a research note on Tuesday, November 22nd. They set a “hold” rating for the company. Zacks Investment Research upgraded Fiat Chrysler Automobiles NV from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Vetr upgraded Fiat Chrysler Automobiles NV from a “hold” rating to a “buy” rating and set a $6.72 price objective for the company in a research note on Wednesday, September 14th. Jefferies Group assumed coverage on Fiat Chrysler Automobiles NV in a research note on Tuesday, August 9th. They set a “buy” rating for the company. Finally, Goldman Sachs Group Inc. restated a “buy” rating on shares of Fiat Chrysler Automobiles NV in a research report on Wednesday, October 26th. Six equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Fiat Chrysler Automobiles NV currently has a consensus rating of “Hold” and a consensus price target of $7.47.

Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) opened at 7.70 on Monday. Fiat Chrysler Automobiles NV has a 12 month low of $5.45 and a 12 month high of $9.51. The firm’s 50-day moving average price is $6.95 and its 200-day moving average price is $6.77. The stock has a market capitalization of $9.93 billion, a P/E ratio of 6.92 and a beta of 1.65.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Fiat Chrysler Automobiles NV by 0.3% in the second quarter. Vanguard Group Inc. now owns 19,300,562 shares of the company’s stock valued at $118,120,000 after buying an additional 48,701 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in Fiat Chrysler Automobiles NV during the second quarter valued at about $95,871,000. AQR Capital Management LLC boosted its stake in Fiat Chrysler Automobiles NV by 1.3% in the second quarter. AQR Capital Management LLC now owns 10,949,196 shares of the company’s stock valued at $66,841,000 after buying an additional 141,707 shares during the last quarter. Swiss National Bank boosted its stake in Fiat Chrysler Automobiles NV by 3.3% in the second quarter. Swiss National Bank now owns 6,071,809 shares of the company’s stock valued at $37,038,000 after buying an additional 195,844 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Fiat Chrysler Automobiles NV by 152.7% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,653,462 shares of the company’s stock valued at $34,513,000 after buying an additional 3,416,577 shares during the last quarter. Institutional investors own 26.12% of the company’s stock.

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