Brokerages Set Fiat Chrysler Automobiles NV (FCAU) Target Price at $10.80

Fiat Chrysler Automobiles NV (NYSE:FCAU) has earned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the company. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $10.80.

FCAU has been the topic of several recent research reports. Berenberg Bank initiated coverage on Fiat Chrysler Automobiles NV in a report on Tuesday, November 22nd. They set a “hold” rating on the stock. Evercore ISI upgraded Fiat Chrysler Automobiles NV from a “sell” rating to a “buy” rating in a report on Monday, November 28th. Macquarie initiated coverage on Fiat Chrysler Automobiles NV in a report on Wednesday, November 30th. They set an “underperform” rating on the stock. TheStreet upgraded Fiat Chrysler Automobiles NV from a “hold” rating to a “buy” rating in a report on Thursday, December 1st. Finally, Zacks Investment Research upgraded Fiat Chrysler Automobiles NV from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a report on Monday, December 19th.

Fiat Chrysler Automobiles NV (NYSE:FCAU) opened at 11.30 on Thursday. The firm’s 50-day moving average price is $11.06 and its 200 day moving average price is $8.58. Fiat Chrysler Automobiles NV has a 12-month low of $5.45 and a 12-month high of $11.63. The stock has a market capitalization of $17.27 billion, a P/E ratio of 9.08 and a beta of 1.78.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its position 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position 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 in the last quarter. Norman Fields Gottscho Capital Management LLC acquired a new position in Fiat Chrysler Automobiles NV during the third quarter worth approximately $124,000. BNP Paribas Arbitrage SA boosted its position 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 in the last quarter. Finally, Addison Capital Co boosted its position in Fiat Chrysler Automobiles NV by 1.8% in the third quarter. Addison Capital Co now owns 95,691 shares of the company’s stock worth $611,000 after buying an additional 1,647 shares in the last quarter. Hedge funds and other institutional investors own 23.17% of the company’s stock.

About Fiat Chrysler Automobiles NV

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