In a report released today, Brian Johnson from Barclays downgraded Fiat Chrysler Automobiles (FCAU) to Hold. The company’s shares closed yesterday at $15.23, close to its 52-week low of $14.01.
According to TipRanks.com, Johnson is a 4-star analyst with an average return of 3.3% and a 52.6% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as Magna International, American Axle, and Visteon Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Fiat Chrysler Automobiles.
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Based on Fiat Chrysler Automobiles’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $648 million. In comparison, last year the company had a net profit of $940 million.
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Fiat Chrysler Automobiles NV engages in the design, engineering, manufacturing, distribution and sale of automobiles and light commercial vehicles, engines, transmission systems, automotive-related components, metallurgical products and production systems.
