Fiat Chrysler Automobiles NV (NYSE:FCAU)

Marco Green
January 23, 2018

Morgan Stanley lifted their price objective on shares of Fiat Chrysler Automobiles from $14.00 to $18.00 and gave the stock an "overweight" rating in a report on Tuesday, November 21st. The brokerage now has a "neutral" rating on the stock.

Fiat Chrysler Automobiles N.V. (FCAU) opened the session with a $23.85 price tag, later ranging from $23.675 to $23.945, the range at which the stock has traded at throughout the day. BidaskClub upgraded shares of Fiat Chrysler Automobiles from a "buy" rating to a "strong-buy" rating in a research report on Thursday, September 28th.

ILLEGAL ACTIVITY WARNING: "Somewhat Positive Media Coverage Somewhat Unlikely to Impact Fiat Chrysler Automobiles (NYSE:FCAU) Share Price" was first posted by Week Herald and is owned by of Week Herald. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders.

Former Fiat Chrysler Automobiles NV vice president Alphons Iacobelli pleaded guilty on Monday in connection with a US investigation into allegations he made at least $1.5 million in improper payments to senior union officials, the USA attorney's office in Detroit said. Fiat Chrysler Automobiles has a twelve month low of $9.60 and a twelve month high of $23.94. The company's outstanding shares are 1.54 Billion.

Fiat Chrysler Automobiles (NYSE:FCAU) last posted its earnings results on Tuesday, October 24th.

Jefferies maintained the shares of FCAU in report on Tuesday, December 19 with "Buy" rating. Current price level places the company's stock about 0.55% from the 52-week high and 150.3% away from the 52-week low. They expect $0.66 earnings per share, up 73.68 % or $0.28 from last year's $0.38 per share.

For the ongoing Fiscal Quarter, 8 analysts have an average earnings forecast of $1.23 per share.

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its position in Fiat Chrysler Automobiles by 137.0% in the 2nd quarter. The consensus rating is 1, indicating analysts in general look favorably on the company's future prospects. BNP Paribas Arbitrage SA grew its position in Fiat Chrysler Automobiles by 137.0% in the second quarter. This represents an increase of 10% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks. Cambridge Investment Research Advisors Inc. now owns 13,222 shares of the company's stock valued at $141,000 after acquiring an additional 430 shares during the last quarter. Ameriprise Financial Inc. grew its position in Fiat Chrysler Automobiles by 17.2% in the 2nd quarter.

The stock decreased 1.66% or GBX 1.9 during the last trading session, reaching GBX 112.7. Finally, Quantitative Investment Management LLC acquired a new stake in Fiat Chrysler Automobiles in the 2nd quarter worth $6,165,000. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States and worldwide copyright & trademark law. Currently, Fiat Chrysler Automobiles N.V. (NYSE:FCAU) has an average volume of 4.08 Million. The Company operates under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands.

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