The stock of Fiat Chrysler Automobiles NV (NYSE:FCAU) is a huge mover today! About 7.68M shares traded hands or 60.33% up from the average. Fiat Chrysler Automobiles NV (NYSE:FCAU) has declined 8.36% since February 26, 2016 and is downtrending. It has underperformed by 18.78% the S&P500.
The move comes after 7 months positive chart setup for the $7.91 billion company. It was reported on Oct, 1 by Barchart.com. We have $9.72 PT which if reached, will make NYSE:FCAU worth $4.51B more.
Analysts await Fiat Chrysler Automobiles NV (NYSE:FCAU) to report earnings on October, 26. They expect $0.38 earnings per share, up 72.73% or $0.16 from last year’s $0.22 per share. FCAU’s profit will be $485.59M for 4.07 P/E if the $0.38 EPS becomes a reality. After $0.51 actual earnings per share reported by Fiat Chrysler Automobiles NV for the previous quarter, Wall Street now forecasts -25.49% negative EPS growth.
Fiat Chrysler Automobiles NV (NYSE:FCAU) Ratings Coverage
Out of 7 analysts covering Fiat Chrysler (NYSE:FCAU), 2 rate it a “Buy”, 5 “Sell”, while 0 “Hold”. This means 29% are positive. Fiat Chrysler has been the topic of 10 analyst reports since August 24, 2015 according to StockzIntelligence Inc. On Wednesday, February 24 the stock rating was initiated by Morgan Stanley with “Overweight”. The stock has “Sell” rating given by Societe Generale on Friday, January 8. The firm earned “Underperform” rating on Friday, April 29 by Bank of America. The company was downgraded on Monday, May 16 by BNP Paribas. The stock has “Underweight” rating given by Barclays Capital on Wednesday, July 6. Jefferies initiated the stock with “Buy” rating in Tuesday, August 9 report. The stock of Fiat Chrysler Automobiles NV (NYSE:FCAU) earned “Sell” rating by Citigroup on Thursday, June 16. As per Monday, November 16, the company rating was reinitiated by BNP Paribas. Citigroup initiated the stock with “Neutral” rating in Wednesday, January 20 report. The stock has “Overweight” rating given by Morgan Stanley on Monday, August 24.
According to Zacks Investment Research, “Fiat Chrysler Automobiles NV operates as an international automotive company. It is engaged in designing, engineering, manufacturing, distributing and selling vehicles and components and production systems. The Company operates under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. It also produces metallurgical products and production systems for the automobile industry, and owns publishing and insurance companies. Fiat Chrysler Automobiles NV is based in United Kingdom.”
More notable recent Fiat Chrysler Automobiles NV (NYSE:FCAU) news were published by: Reuters.com which released: “Canada Unifor union sets tentative strike deadline for Fiat Chrysler” on September 24, 2016, also Finance.Yahoo.com with their article: “Kessler Topaz Meltzer & Check Announces Class Action Lawsuit Filed against …” published on September 19, 2016, Detroitnews.com published: “Ram Rebel TRX concept pickup” on September 29, 2016. More interesting news about Fiat Chrysler Automobiles NV (NYSE:FCAU) were released by: Wsj.com and their article: “Fiat Chrysler Recalls 1.9 Million Vehicles Globally” published on September 15, 2016 as well as Finance.Yahoo.com‘s news article titled: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Fiat Chrysler …” with publication date: September 23, 2016.
FCAU Company Profile
Fiat Chrysler Automobiles N.V., incorporated on April 1, 2014, is an automotive company. The Firm is engaged in designing, engineering, manufacturing, distributing and selling vehicles, and components. The Company’s activities are carried out through six reportable divisions: four regional mass-market vehicle divisions (NAFTA, LATAM, APAC and EMEA), Maserati, and a global Components segment. The Firm has activities in approximately 40 countries and sells its vehicles for the mass market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands, and the SRT performance vehicle designation. In addition, the Company designs, engineers, makes, distributes and sells luxury vehicles under the Maserati brand. The Firm also operates in the components and production systems sectors under the Magneti Marelli, Teksid and Comau brands. The Firm makes and sells passenger cars, light trucks and light commercial vehicles.
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