The stock of Fiat Chrysler Automobiles NV (NYSE:FCAU) is a huge mover today! About 6.33M shares traded hands. Fiat Chrysler Automobiles NV (NYSE:FCAU) has declined 7.47% since April 13, 2016 and is downtrending. It has underperformed by 11.40% the S&P500.
The move comes after 5 months positive chart setup for the $9.10B company. It was reported on Nov, 15 by Barchart.com. We have $10.86 PT which if reached, will make NYSE:FCAU worth $4.37B 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 of Fiat Chrysler Automobiles NV (NYSE:FCAU) has “Neutral” rating given on Monday, November 16 by BNP Paribas. The rating was downgraded by Bank of America to “Underperform” on Friday, April 29. Morgan Stanley initiated the shares of FCAU in a report on Wednesday, February 24 with “Overweight” rating. The stock of Fiat Chrysler Automobiles NV (NYSE:FCAU) earned “Sell” rating by Citigroup on Thursday, June 16. The company was initiated on Wednesday, January 20 by Citigroup. The company was reinitiated on Monday, August 24 by Morgan Stanley. BNP Paribas downgraded Fiat Chrysler Automobiles NV (NYSE:FCAU) on Monday, May 16 to “Underperform” rating. The stock has “Underweight” rating given by Barclays Capital on Wednesday, July 6. On Friday, January 8 the stock rating was downgraded by Societe Generale to “Sell”. The firm earned “Buy” rating on Tuesday, August 9 by Jefferies.
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: Detroitnews.com which released: “Canadian auto workers ratify Fiat Chrysler deal” on October 17, 2016, also Fortune.com with their article: “Fiat Chrysler to Fight Diesel Cheating Lawsuit” published on November 15, 2016, Wsj.com published: “Fiat Chrysler Struggles Over Terminology for Hybrid Minivan” on November 15, 2016. More interesting news about Fiat Chrysler Automobiles NV (NYSE:FCAU) were released by: Seekingalpha.com and their article: “Fiat Chrysler Automobiles NV (FCAU) Q3 2016 Results – Earnings Call Transcript” published on October 25, 2016 as well as Fool.com‘s news article titled: “Why Shares of Fiat Chrysler Automobiles Jumped 14% Last Month” with publication date: November 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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