Economy

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.



Like this

Latest


24 October 2017
Caterpillar reports revenue jump on soaring demand; raises forecast
The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Wells Fargo & Company reaffirmed an "outperform" rating on shares of Caterpillar in a research report on Wednesday, July 26th.

24 October 2017
Donald Tusk: It is up to the United Kingdom how Brexit will end
Mrs May indicated to Parliament on Monday that she remained optimistic a deal could be agreed before March 2019. So, according to Tusk, the talks on Brexit could result in the decision to refuse British exit from the EU.

24 October 2017
World Polio Day being observed across the world
From 7 a.m.to 6 p.m., donations will be accepted in Champaign along Randolph Street next to Huntington Towers, which is at 201 W. The virus can only live in people, he says, and it needs new people to infect to keep on spreading and keep on living.

24 October 2017
Iditarod names musher in dog doping case
Seavey, who was not among the mushers who signed the finishers club statement, won the Iditarod in 2012, 2014, 2015 and 2016. A drug testing team took urine samples from Seavey's team about six hours after they had finished the race.

24 October 2017
Ibrahim Halawa returns back to Ireland today
Aged just 17 Ibrahim Halawa was arrested in 2013 and spent the next four years in prison after repeated delays to his mass trial. He thanked the Irish government, the myriad of human rights groups and student unions who had fought for his freedom.

24 October 2017
President Trump calls Sen. Corker 'lightweight' in Twitter feud
Corker started the interview discussing an ambush in Niger that left four USA soldiers dead on October 4. Another Twitter War broke out this morning between President Donald Trump and unleashed Sen.

24 October 2017
Baker Hughes posts loss, sees tough 4th quarter
The stock of Baker Hughes A GE Co (NYSE:BHI) has "Neutral" rating given on Wednesday, January 4 by Susquehanna. Howard Weil maintained the shares of BHI in report on Friday, July 29 with "Sector Outperform" rating.

24 October 2017
Analysts Watch Energy Transfer Equity, LP (NYSE:ETE) And Issue New Targets
Marco Investment Management Llc decreased General Electric Co (GE) stake by 4.52% reported in 2017Q2 SEC filing. The Missouri-based Bush Odonnell Invest Advsrs has invested 0.4% in Energy Transfer Partners LP (NYSE:ETP).

24 October 2017
McDonald's quarterly United States comp sales beat estimates
On a GAAP basis, McDonald's 3Q17 earnings rose 55% to $2.32 per share from $1.50 per share in last year's third quarter. However, systemwide sales actually increased by 7% in constant currencies as the result of strong comparable sales.

24 October 2017
First Look At Tom Hardy on Venom Set
The brand new Venom movie Twitter account posted their first photo with the caption, "Day 1". This may be the first of many teaser pics we see from on Venom Twitter account.



Recommended