Trade Report: Today, Fiat Chrysler Automobiles NV (FCAU) Upgrade to “Buy” at Evercore ISI

Today, Fiat Chrysler Automobiles NV (FCAU) Upgrade to “Buy” at Evercore ISI

Evercore ISI upgraded shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) from a sell rating to a buy rating in a report issued on Monday.

Other analysts have also issued research reports about the company. Vetr upgraded Fiat Chrysler Automobiles NV from a strong sell rating to a sell rating and set a $6.32 target price on the stock in a research note on Wednesday, September 7th. Zacks Investment Research upgraded Fiat Chrysler Automobiles NV from a strong sell rating to a hold rating in a research note on Tuesday, November 15th. 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, Goldman Sachs Group Inc. reiterated a buy rating on shares of Fiat Chrysler Automobiles NV in a research note on Wednesday, October 26th. Six investment 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 target price of $7.47.

Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) opened at 7.65 on Monday. The company has a 50-day moving average of $6.98 and a 200 day moving average of $6.76. The company has a market cap of $9.86 billion, a PE ratio of 6.87 and a beta of 1.65. Fiat Chrysler Automobiles NV has a 12-month low of $5.45 and a 12-month high of $9.51.

A number of large investors have recently modified their holdings of the stock. Advisor Group Inc. increased its stake in shares of Fiat Chrysler Automobiles NV by 24.7% in the third quarter. Advisor Group Inc. now owns 15,949 shares of the company’s stock worth $101,000 after buying an additional 3,160 shares during the last quarter. BLB&B Advisors LLC bought a new stake in shares of Fiat Chrysler Automobiles NV during the second quarter worth $100,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Fiat Chrysler Automobiles NV by 19.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 17,364 shares of the company’s stock worth $106,000 after buying an additional 2,830 shares during the last quarter. Creative Planning increased its stake in shares of Fiat Chrysler Automobiles NV by 11.9% in the third quarter. Creative Planning now owns 18,293 shares of the company’s stock worth $117,000 after buying an additional 1,940 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Fiat Chrysler Automobiles NV by 307.8% in the second quarter. Tower Research Capital LLC TRC now owns 18,675 shares of the company’s stock worth $114,000 after buying an additional 14,096 shares during the last quarter. 26.12% of the stock is currently owned by institutional investors.

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