Is Fiat Chrysler Automobiles N.V. (FCAU) a Buy? The Stock Reaches 52-Week High Today

January 14, 2018 - By Peter Erickson

The stock of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) hit a new 52-week high and has $25.03 target or 7.00 % above today’s $23.39 share price. The 8 months bullish chart indicates low risk for the $36.87B company. The 1-year high was reported on Jan, 14 by If the $25.03 price target is reached, the company will be worth $2.58B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.13% or $0.03 during the last trading session, reaching $23.39. About 6.62 million shares traded or 68.88% up from the average. Fiat Chrysler Automobiles N.V. (NYSE:FCAU) has risen 53.96% since January 14, 2017 and is uptrending. It has outperformed by 37.26% the S&P500.

Analysts await Fiat Chrysler Automobiles N.V. (NYSE:FCAU) to report earnings on January, 25. They expect $0.66 EPS, up 73.68 % or $0.28 from last year’s $0.38 per share. FCAU’s profit will be $1.04 billion for 8.86 P/E if the $0.66 EPS becomes a reality. After $0.70 actual EPS reported by Fiat Chrysler Automobiles N.V. for the previous quarter, Wall Street now forecasts -5.71 % negative EPS growth.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) Ratings Coverage

Among 15 analysts covering Fiat Chrysler (NYSE:FCAU), 8 have Buy rating, 3 Sell and 4 Hold. Therefore 53% are positive. Fiat Chrysler had 30 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) earned “Neutral” rating by Citigroup on Wednesday, January 20. The rating was upgraded by Bank of America to “Hold” on Monday, August 28. As per Monday, February 6, the company rating was upgraded by Natixis. On Monday, May 16 the stock rating was downgraded by BNP Paribas to “Underperform”. The rating was initiated by Morgan Stanley on Wednesday, February 24 with “Overweight”. On Monday, August 24 the stock rating was reinitiated by Morgan Stanley with “Overweight”. As per Thursday, December 1, the company rating was initiated by Macquarie Research. On Thursday, June 16 the stock rating was downgraded by Citigroup to “Sell”. The firm has “Buy” rating by Evercore given on Monday, November 28. On Tuesday, December 19 the stock rating was maintained by Jefferies with “Buy”.

More notable recent Fiat Chrysler Automobiles N.V. (NYSE:FCAU) news were published by: which released: “Why Fiat Chrysler (FCAU) Could Beat Earnings Estimates Again January 10, 2018” on January 10, 2018, also with their article: “The Zacks Analyst Blog Highlights: Centene, Rush Enterprises, Fiat Chrysler …” published on January 02, 2018, published: “FIAT CHRYSLER AUTOMOBILES NV: 2018 CORPORATE CALENDAR” on January 13, 2018. More interesting news about Fiat Chrysler Automobiles N.V. (NYSE:FCAU) were released by: and their article: “For Fiat brand, a disastrous end to a difficult year” published on January 08, 2018 as well as‘s news article titled: “UPDATE: JPMorgan Upgrades Fiat Chrysler Automobiles NV (FCAU) to Overweight” with publication date: January 05, 2018.

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, makes, distributes, and sells vehicles, components, and production systems. The company has market cap of $36.87 billion. The firm operates through six divisions: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It has a 9.64 P/E ratio. It provides passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.

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