The stock of Fiat Chrysler Automobiles NV (NYSE:FCAU) is a huge mover today! About 6.20M shares traded hands. Fiat Chrysler Automobiles NV (NYSE:FCAU) has declined 8.29% since April 5, 2016 and is downtrending. It has underperformed by 10.24% the S&P500.
The move comes after 7 months positive chart setup for the $8.70B company. It was reported on Nov, 7 by Barchart.com. We have $9.38 PT which if reached, will make NYSE:FCAU worth $2.70 billion more.
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 stock has “Underweight” rating given by Barclays Capital on Wednesday, July 6. Citigroup downgraded Fiat Chrysler Automobiles NV (NYSE:FCAU) on Thursday, June 16 to “Sell” rating. The stock of Fiat Chrysler Automobiles NV (NYSE:FCAU) has “Overweight” rating given on Wednesday, February 24 by Morgan Stanley. The firm has “Buy” rating given on Tuesday, August 9 by Jefferies. As per Friday, January 8, the company rating was downgraded by Societe Generale. As per Monday, May 16, the company rating was downgraded by BNP Paribas. The stock of Fiat Chrysler Automobiles NV (NYSE:FCAU) has “Neutral” rating given on Monday, November 16 by BNP Paribas. Citigroup initiated Fiat Chrysler Automobiles NV (NYSE:FCAU) on Wednesday, January 20 with “Neutral” rating. Morgan Stanley reinitiated Fiat Chrysler Automobiles NV (NYSE:FCAU) on Monday, August 24 with “Overweight” rating. The rating was downgraded by Bank of America on Friday, April 29 to “Underperform”.
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: Fool.com which released: “Why Shares of Fiat Chrysler Automobiles Jumped 14% Last Month” on November 03, 2016, also Detroitnews.com with their article: “Canadian auto workers ratify Fiat Chrysler deal” published on October 17, 2016, Seekingalpha.com published: “Fiat Chrysler Automobiles NV (FCAU) Q3 2016 Results – Earnings Call Transcript” on October 25, 2016. More interesting news about Fiat Chrysler Automobiles NV (NYSE:FCAU) were released by: Reuters.com and their article: “Fiat Chrysler recalls vehicles in the US, Canada and Mexico” published on October 19, 2016 as well as Detroitnews.com‘s news article titled: “Supplier fire causes FCA to idle minivan, Jeep plants” with publication date: November 04, 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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