Fiat Chrysler Automobiles NV (NYSE:FCAU) was the target of unusually large options trading on Tuesday. Traders purchased 2,393 put options on the company. This represents an increase of 800% compared to the average daily volume of 266 put options.
A number of research analysts recently issued reports on FCAU shares. BidaskClub downgraded Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th. ValuEngine downgraded Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Wednesday, December 20th. Morgan Stanley raised their price target on Fiat Chrysler Automobiles from $14.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, November 21st. Finally, Jefferies Group restated a “buy” rating and issued a $19.00 price target on shares of Fiat Chrysler Automobiles in a research note on Monday, October 16th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Fiat Chrysler Automobiles presently has an average rating of “Buy” and an average target price of $16.67.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ballentine Partners LLC acquired a new stake in shares of Fiat Chrysler Automobiles in the second quarter valued at approximately $117,000. BKS Advisors LLC acquired a new stake in shares of Fiat Chrysler Automobiles in the second quarter valued at approximately $128,000. US Bancorp DE lifted its position in shares of Fiat Chrysler Automobiles by 15.6% in the second quarter. US Bancorp DE now owns 12,591 shares of the company’s stock valued at $134,000 after buying an additional 1,699 shares during the last quarter. QCM Cayman Ltd. acquired a new stake in shares of Fiat Chrysler Automobiles in the second quarter valued at approximately $136,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Fiat Chrysler Automobiles by 3.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,222 shares of the company’s stock valued at $141,000 after buying an additional 430 shares during the last quarter. 31.22% of the stock is owned by institutional investors.
Fiat Chrysler Automobiles (NYSE:FCAU) traded down $0.03 during mid-day trading on Friday, reaching $23.39. The company’s stock had a trading volume of 6,615,343 shares, compared to its average volume of 4,950,000. Fiat Chrysler Automobiles has a 12-month low of $9.05 and a 12-month high of $23.80. The company has a market capitalization of $36,000.00, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 0.42 and a beta of 1.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.48 and a current ratio of 0.77.
About Fiat Chrysler Automobiles
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, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; 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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