The stock of Fiat Chrysler Automobiles NV (NYSE:FCAU) is a huge mover today! About 947,905 shares traded hands. Fiat Chrysler Automobiles NV (NYSE:FCAU) has declined 10.12% since March 8, 2016 and is downtrending. It has underperformed by 19.44% the S&P500.
The move comes after 9 months positive chart setup for the $8.47 billion company. It was reported on Oct, 11 by Barchart.com. We have $9.73 PT which if reached, will make NYSE:FCAU worth $4.15 billion 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 $492.89M for 4.30 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. The rating was reinitiated by Morgan Stanley with “Overweight” on Monday, August 24. As per Wednesday, January 20, the company rating was initiated by Citigroup. Jefferies initiated Fiat Chrysler Automobiles NV (NYSE:FCAU) on Tuesday, August 9 with “Buy” rating. BNP Paribas reinitiated the shares of FCAU in a report on Monday, November 16 with “Neutral” rating. The stock of Fiat Chrysler Automobiles NV (NYSE:FCAU) has “Underweight” rating given on Wednesday, July 6 by Barclays Capital. The firm has “Sell” rating by Citigroup given on Thursday, June 16. As per Friday, January 8, the company rating was downgraded by Societe Generale. Bank of America downgraded the shares of FCAU in a report on Friday, April 29 to “Underperform” rating. The rating was downgraded by BNP Paribas on Monday, May 16 to “Underperform”. Morgan Stanley initiated the shares of FCAU in a report on Wednesday, February 24 with “Overweight” rating.
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: Theglobeandmail.com which released: “Unifor and Fiat Chrysler avert strike, reach tentative agreement” on October 11, 2016, also Detroitnews.com with their article: “Canada union braces for possible Fiat Chrysler strike” published on October 07, 2016, Wsj.com published: “Illinois Dealer’s Lawsuit Against Fiat Chrysler Can Go Forward, Judge Rules” on October 04, 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 Marketwatch.com‘s news article titled: “Fiat Chrysler’s stock ticks higher after vehicle sales slip in September” with publication date: October 03, 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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