Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) have received a consensus rating of “Buy” from the sixteen research firms that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $23.16.

A number of research analysts recently commented on the company. Exane BNP Paribas upgraded Fiat Chrysler Automobiles from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 12th. Zacks Investment Research cut Fiat Chrysler Automobiles from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 26th. Jefferies Financial Group reiterated a “buy” rating and issued a $22.00 price objective on shares of Fiat Chrysler Automobiles in a report on Friday, July 27th. Societe Generale upgraded Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating in a report on Monday, November 5th. Finally, BNP Paribas upgraded Fiat Chrysler Automobiles from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 12th.

Shares of Fiat Chrysler Automobiles stock opened at $16.26 on Friday. Fiat Chrysler Automobiles has a 1-year low of $14.97 and a 1-year high of $24.95. The company has a market cap of $32.35 billion, a PE ratio of 5.98, a P/E/G ratio of 0.19 and a beta of 1.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.58 and a current ratio of 0.86.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board lifted its holdings in Fiat Chrysler Automobiles by 119.6% in the third quarter. Canada Pension Plan Investment Board now owns 1,169,575 shares of the company’s stock valued at $20,573,000 after acquiring an additional 637,017 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Fiat Chrysler Automobiles by 18.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,543,210 shares of the company’s stock valued at $26,812,000 after purchasing an additional 237,012 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Fiat Chrysler Automobiles by 17.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 530,550 shares of the company’s stock valued at $9,357,000 after purchasing an additional 80,510 shares during the period. Ontario Teachers Pension Plan Board raised its position in Fiat Chrysler Automobiles by 9.7% in the third quarter. Ontario Teachers Pension Plan Board now owns 417,003 shares of the company’s stock valued at $7,314,000 after purchasing an additional 37,022 shares during the period. Finally, CIBC World Markets Inc. raised its position in Fiat Chrysler Automobiles by 3.9% in the third quarter. CIBC World Markets Inc. now owns 238,696 shares of the company’s stock valued at $4,180,000 after purchasing an additional 9,016 shares during the period. Hedge funds and other institutional investors own 25.96% of the company’s stock.

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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Analyst Recommendations for Fiat Chrysler Automobiles (NYSE:FCAU)

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