Fiat Chrysler Automobiles N.V. (FCAU) Lifted to Conviction-Buy at Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) upgraded shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) from a buy rating to a conviction-buy rating in a research note issued to investors on Friday morning, The Fly reports.

Several other research firms have also issued reports on FCAU. Berenberg Bank initiated coverage on Fiat Chrysler Automobiles N.V. in a research note on Tuesday, November 22nd. They issued a hold rating on the stock. Macquarie initiated coverage on Fiat Chrysler Automobiles N.V. in a research note on Wednesday, November 30th. They issued an underperform rating on the stock. Vetr upgraded Fiat Chrysler Automobiles N.V. from a hold rating to a buy rating and set a $6.72 price objective on the stock in a research note on Wednesday, September 14th. Evercore ISI upgraded Fiat Chrysler Automobiles N.V. from a sell rating to a buy rating in a research note on Monday, November 28th. Finally, Zacks Investment Research lowered Fiat Chrysler Automobiles N.V. from a hold rating to a sell rating in a research note on Tuesday, October 4th. Seven research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $9.63.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) traded up 1.85% during mid-day trading on Friday, reaching $11.01. The company’s stock had a trading volume of 6,878,396 shares. The stock has a market cap of $14.19 billion, a PE ratio of 9.87 and a beta of 1.71. Fiat Chrysler Automobiles N.V. has a 52-week low of $5.45 and a 52-week high of $11.05. The company has a 50 day moving average of $8.73 and a 200-day moving average of $7.16.

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A number of large investors have recently modified their holdings of the company. D.A. Davidson & CO. increased its stake in shares of Fiat Chrysler Automobiles N.V. by 3,217.2% in the third quarter. D.A. Davidson & CO. now owns 117,961 shares of the company’s stock worth $754,000 after buying an additional 114,405 shares in the last quarter. Cetera Advisor Networks LLC increased its stake in shares of Fiat Chrysler Automobiles N.V. by 58.0% in the third quarter. Cetera Advisor Networks LLC now owns 41,495 shares of the company’s stock worth $263,000 after buying an additional 15,240 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of Fiat Chrysler Automobiles N.V. by 371.6% in the third quarter. D. E. Shaw & Co. Inc. now owns 579,691 shares of the company’s stock worth $3,710,000 after buying an additional 456,767 shares in the last quarter. Ontario Teachers Pension Plan Board increased its stake in shares of Fiat Chrysler Automobiles N.V. by 7.5% in the third quarter. Ontario Teachers Pension Plan Board now owns 167,053 shares of the company’s stock worth $1,061,000 after buying an additional 11,699 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Fiat Chrysler Automobiles N.V. during the third quarter worth about $2,976,000. 26.09% of the stock is currently owned by institutional investors and hedge funds.

5 Day Chart for NYSE:FCAU

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