Fisker (NYSE:FSR) Stock Rating Lowered by Exane BNP Paribas

Fisker (NYSE:FSRGet Rating) was downgraded by equities researchers at Exane BNP Paribas from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, The Fly reports.

Several other brokerages also recently issued reports on FSR. Citigroup increased their price objective on shares of Fisker from $27.00 to $28.00 in a research report on Thursday, August 4th. Cowen lowered their price objective on shares of Fisker from $28.00 to $19.00 and set an “outperform” rating for the company in a research report on Thursday, May 5th. Tudor Pickering downgraded shares of Fisker from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $25.00 to $13.00 in a research report on Wednesday, May 25th. BNP Paribas downgraded shares of Fisker from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $20.00 to $10.00 in a research report on Thursday. Finally, Barclays lowered their price objective on shares of Fisker from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, May 5th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Fisker currently has a consensus rating of “Hold” and an average target price of $17.17.

Fisker Stock Up 3.9 %

Shares of NYSE:FSR opened at $9.59 on Thursday. Fisker has a 52 week low of $7.95 and a 52 week high of $23.75. The company has a debt-to-equity ratio of 1.09, a quick ratio of 9.12 and a current ratio of 10.52. The company has a market capitalization of $2.85 billion, a PE ratio of -5.96 and a beta of 1.08. The company has a 50 day moving average price of $9.24 and a two-hundred day moving average price of $10.64.

Institutional Trading of Fisker

A number of large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its stake in Fisker by 8.9% in the second quarter. Wells Fargo & Company MN now owns 793,009 shares of the company’s stock valued at $6,796,000 after acquiring an additional 64,553 shares during the last quarter. Rafferty Asset Management LLC acquired a new stake in Fisker in the second quarter valued at $895,000. Rhumbline Advisers lifted its stake in Fisker by 14.6% in the second quarter. Rhumbline Advisers now owns 195,837 shares of the company’s stock valued at $1,678,000 after acquiring an additional 24,897 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Fisker in the second quarter valued at $98,000. Finally, Swiss National Bank lifted its stake in Fisker by 11.0% in the second quarter. Swiss National Bank now owns 387,100 shares of the company’s stock valued at $3,317,000 after acquiring an additional 38,400 shares during the last quarter. Institutional investors and hedge funds own 28.77% of the company’s stock.

Fisker Company Profile

(Get Rating)

Fisker Inc develops, manufactures, markets, leases, or sale of electric vehicles. The company is also involved in asset-light automotive business. It operates through The White Space, The Value Segment, and The Conservative Premium segments. In addition, the company offers fisker flexible platform agnostic design ,a process that develops and designs electric vehicles in specific segment size.

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