Fiat Chrysler Automobiles NV (NYSE:FCAU) Stock - Is it Overbought?

Fiat Chrysler Automobiles NV (NYSE:FCAU) Stock - Is it Overbought?”

Bank of New York Mellon Corp lifted its position in Fiat Chrysler Automobiles N.V. (NYSE:FCAU) by 46.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). LLC raised its holdings in shares of Fiat Chrysler Automobiles 6.3% in the first quarter.

Stocks of Fiat Chrysler Automobiles N.V. (FCAU) declined 0.0214% on early Wednesday, topping $16.3665. the firms shares had a trading volume of 824,903 Stocks. the share has a 50 Day SMA price of $13.40 and a two hundred day SMA of $11.53. Analysts expect next quarter's EPS to be $0.73 and the next full year EPS is projected to be $2.96. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Fiat Chrysler Automobiles 0.4% in the first quarter.

Several hedge funds and other institutional investors have recently modified their holdings of FCAU.

By comparison, FCAU's United States market sales fell 10.6% YoY (year-over-year) to ~176,000 units in August, which represented the 12th-straight month that the company's total USA sales have fallen. Dalal Street has an ownership of 12,922,130 stocks of the firms shares valued $141,239,000 after scooping up an extra 950,200 shares through out the previous quarter, Lastly, SRS Investment Management boosted its holdings in Fiat Chrysler Automobiles 1,315.8% in the 1st period. Dimensional Fund Advisors LP now owns 1,481,882 shares of the company's stock worth $13,515,000 after buying an additional 1,187,195 shares in the last quarter. The stock has a market cap of $25.17 billion, a price-to-earnings ratio of 7.60 and a beta of 1.67. As of the last earnings report the EPS was $2.15 and is estimated to be $2.62 for the current year with 1,537,294,000 shares now outstanding.

Barclays PLC set a €18.00 ($21.43) price target on Fiat Chrysler Automobiles NV (BIT:F) in a report published on Wednesday, September 6th. Zacks Investment Research upgraded Fiat Chrysler Automobiles N.V. from a "sell" rating to a "strong-buy" rating and set a $17.00 target price on the stock in a research note on Friday, August 25th. UBS AG set a €11.00 ($13.10) price objective on shares of Fiat Chrysler Automobiles NV and gave the company a neutral rating in a research note on Monday, July 10th. Morgan Stanley trimmed their price objective on Fiat Chrysler Automobiles N.V. from $15.00 to $14.00 and fixed an "overweight" recommendation on the share in a note on Fri, Jun 9th. FMR has an ownership of 27,377,215 stocks of the firms shares valued $299,304,000 after scooping up an extra 12,837,115 shares through out the previous quarter, Vanguard Group increased its position in stocks of Fiat Chrysler Automobiles 4.2% in the 1st period. An RSI above 70 is an overbought indication with RSI's under 30 indicating oversold.

Fiat Chrysler offers four key brands in Italy: Fiat, Lancia, Alfa Romeo, and Jeep.

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