Economy

Fiat Chrysler Q3 Net Profit Up 50%; Backs 2017 Outlook

Fiat Chrysler Q3 Net Profit Up 50%; Backs 2017 Outlook”

LONDON (AP) _ Fiat Chrysler Automobiles NV (FCAU) on Tuesday reported third-quarter profit of $1.08 billion.

Sell-side firms are projecting that the stock will reach 20.27 within the next year. Dimensional Fund Advisors LP increased its position in Fiat Chrysler Automobiles N.V.by 47.2% during the second quarter. The stock has more than doubled in the last 12 months.

According to Zacks, "Fiat Chrysler Automobiles NV operates as an worldwide automotive company".

The stock was up 2.8 per cent by 1129 GMT, outperforming a 1 per cent rise in the European auto index. Fiat Chrysler Automobiles NV is based in United Kingdom. Cambridge Investment Research Advisors Inc. increased its position in shares of Fiat Chrysler Automobiles N.V.by 3.4% during the 2nd quarter. The investor checklist may include studying the scope of a company's competitive industry advantage, examining company management, and trying to get a general feel if the stock is valued properly.

Several analysts have issued reports on FCAU shares. Kepler Capital Markets raised shares of Fiat Chrysler Automobiles N.V. from a "hold" rating to a "buy" rating in a report on Friday, July 28th. Morgan Stanley reissued an "overweight" rating and issued a $14.00 target price on shares of Fiat Chrysler Automobiles N.V.in a research report on Monday, July 17th.

Fiat Chrysler Automobiles N.V. had its "hold" rating reiterated by analysts at Deutsche Bank. 3754917 shares were traded on Fiat Chrysler Automobiles N.V.'s last session.

08/31/2017 - Fiat Chrysler Automobiles N.V. had its "conviction buy" rating reiterated by analysts at Goldman Sachs. The firm now has a buy rating on the stock.

12/01/2016 - Macquarie began new coverage on Fiat Chrysler Automobiles N.V. giving the company a "underperform" rating. (NYSE:FCAU) opened at 16.72 on Monday. Fiat Chrysler Automobiles NV has a one year low of $5.45 and a one year high of $9.51.

Fiat Chrysler Automobiles N.V. has a 50 day moving average of 17.17 and a 200 day moving average of 12.84.

According to Zacks, "Fiat Chrysler Automobiles NV operates as an worldwide automotive company".

The company, which has its US headquarters in Auburn Hills, Mich., outside Detroit, touted a record third-quarter, citing a drop in expenses related to debt reduction, strong performance in North America, a higher margin in Latin America and profits in the luxury Maserati brand.

FCA said adjusted earnings before interest and tax (EBIT) for the period rose to €1.76-billion, while revenues were down 2 per cent to €26.4-billion, both roughly in line with consensus forecasts in a Thomson Reuters poll of analysts. Fiat Chrysler Automobiles N.V. During the same quarter in the previous year, the business earned $0.45 EPS. The company's revenue for the quarter was up.1% on a year-over-year basis. Fiat Chrysler Automobiles N.V. (NYSE:FCAU) now has an ABR of 2.17 heading into today's announcement.

ILLEGAL ACTIVITY WARNING: This report was first reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this story on another domain, it was illegally copied and reposted in violation of US and global trademark & copyright law.

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems.



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