Natixis Bleichroeder Upgrade its coverage for Fiat Chrysler Automobiles N.V. (FCAU)
- Author: Latoya Cobb Apr 25, 2017,
Apr 25, 2017, 3:40
The stock of Fiat Chrysler Automobiles NV (NYSE:FCAU) earned "Buy" rating by Jefferies on Tuesday, August 9.
TRADEMARK VIOLATION WARNING: "Fiat Chrysler Automobiles NV (FCAU) Stock Rating Reaffirmed by Goldman Sachs Group Inc" was first posted by BBNS and is the sole property of of BBNS. Fiat Chrysler Automobiles NV's revenue for the quarter was up 1.0% compared to the same quarter past year.
The stock volatility for week was 1.45% while for month was 2.15%.The stock, as of last close, traded 82.94% to its 52 week low and was changed -14.27% from its 52 week high. Fiat Chrysler Automobiles N.V. was founded in 1899 and is based in London, the United Kingdom. During the same quarter in the prior year, the business posted $0.74 earnings per share. The share price is trading in a range of $88.06 - 91.21. Finally, Barclays PLC raised Fiat Chrysler Automobiles NV from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $5.60 to $10.00 in a research note on Friday, February 3rd. Analyst's mean target price for FCAU is $15.15 while analysts mean recommendation is 2.30. Ultimately, FCA is not yet generating material cash flow and remains relatively levered versus its peers at this point in the cycle (despite peak volumes, mix, price, etc.), which is a material risk, so BAML expects investors will be acutely focused on the company's net debt positon and BAML maintains its Underperform rating. The company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by $0.01.
According to Zacks, "Fiat Chrysler Automobiles NV operates as an global automotive company". Company's distance from 20 day simple moving average is -4.66% and distance from 50-Day simple moving average is -7.97%.
Fiat Chrysler Automobiles N.V. (BIT:FCA) has a current ERP5 Rank of 1649. The stock exchanged hands with 5.53 million shares contrast to its average daily volume of 1.23 million shares. The current share price indicate that stock is -11.86% away from its one year high and is moving 90.88% ahead of its 52-week low. The firm had revenue of $29.72 billion for the quarter, compared to analysts' expectations of $31.32 billion. An influential analyst on Wall Street may give a stock that is now trading at $60 a one-year price target of $90; however, there is no concrete way to calculate a price target. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. Zacks Investment Research lowered shares of Fiat Chrysler Automobiles NV from a "buy" rating to a "hold" rating in a research report on Tuesday, April 4th. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & global copyright laws. Baker Ellis Asset Management LLC increased its position in shares of Fiat Chrysler Automobiles NV by 12.1% in the third quarter.
A number of institutional investors have recently modified their holdings of FCAU. Creative Planning now owns 18,293 shares of the company's stock worth $117,000 after buying an additional 1,940 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Fiat Chrysler Automobiles NV during the fourth quarter valued at about $127,532,000.