After Making 52-Week High, Is Fiat Chrysler Automobiles N.V. (FCAU)’s Near-Term Analysis Positive?

January 14, 2018 - By Louis Casey

The stock of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) hit a new 52-week high and has $25.03 target or 7.00 % above today’s $23.39 share price. The 8 months bullish chart indicates low risk for the $36.87B company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $25.03 price target is reached, the company will be worth $2.58B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.13% or $0.03 during the last trading session, reaching $23.39. About 6.62 million shares traded or 68.88% up from the average. Fiat Chrysler Automobiles N.V. (NYSE:FCAU) has risen 53.96% since January 14, 2017 and is uptrending. It has outperformed by 37.26% the S&P500.

Analysts await Fiat Chrysler Automobiles N.V. (NYSE:FCAU) to report earnings on January, 25. They expect $0.66 EPS, up 73.68 % or $0.28 from last year’s $0.38 per share. FCAU’s profit will be $1.04 billion for 8.86 P/E if the $0.66 EPS becomes a reality. After $0.70 actual EPS reported by Fiat Chrysler Automobiles N.V. for the previous quarter, Wall Street now forecasts -5.71 % negative EPS growth.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) Ratings Coverage

Among 15 analysts covering Fiat Chrysler (NYSE:FCAU), 8 have Buy rating, 3 Sell and 4 Hold. Therefore 53% are positive. Fiat Chrysler had 30 analyst reports since August 24, 2015 according to SRatingsIntel. Bank of America upgraded it to “Hold” rating and $18.0 target in Monday, August 28 report. The firm earned “Buy” rating on Monday, October 16 by Jefferies. The rating was reinitiated by BNP Paribas on Monday, November 16 with “Neutral”. The rating was upgraded by JP Morgan on Friday, January 5 to “Overweight”. The company was downgraded on Friday, January 8 by Societe Generale. The rating was maintained by Goldman Sachs on Friday, April 21 with “Buy”. Bank of America maintained the shares of FCAU in report on Wednesday, October 25 with “Neutral” rating. The stock has “Underperform” rating by Bank of America on Friday, April 29. Natixis upgraded the stock to “Neutral” rating in Monday, February 6 report. The firm earned “Buy” rating on Tuesday, August 15 by Jefferies.

More notable recent Fiat Chrysler Automobiles N.V. (NYSE:FCAU) news were published by: Nasdaq.com which released: “The Zacks Analyst Blog Highlights: Centene, Rush Enterprises, Fiat Chrysler …” on January 02, 2018, also Bloomberg.com with their article: “Fiat Chrysler Recalls 1.48 Million US Pickups” published on December 22, 2017, Reuters.com published: “Fiat Chrysler in talks over potential diesel emissions settlement” on December 19, 2017. More interesting news about Fiat Chrysler Automobiles N.V. (NYSE:FCAU) were released by: Zacks.com and their article: “Why Fiat Chrysler (FCAU) Could Beat Earnings Estimates Again January 10, 2018” published on January 10, 2018 as well as Globenewswire.com‘s news article titled: “FIAT CHRYSLER AUTOMOBILES NV: 2018 CORPORATE CALENDAR” with publication date: January 13, 2018.

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, makes, distributes, and sells vehicles, components, and production systems. The company has market cap of $36.87 billion. The firm operates through six divisions: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It has a 9.64 P/E ratio. It provides passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.

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