Thursday, 18 December 2014 00:00

BNP Paribas Begins Coverage on Fiat Chrysler Automobiles

BNP Paribas assumed coverage on shares of Fiat Chrysler Automobiles (FCAU) in a report issued on December 15.

 

Fiat Chrysler Automobiles traded up 1.44% during mid-day trading on Monday, hitting $11.524. 5,307,359 shares of the company’s stock traded hands. Fiat Chrysler Automobiles has a 52 week low of $7.38 and a 52 week high of $13.76. The stock’s 50-day moving average is $11.83 and its 200-day moving average is $10.4.

The OEM last released its earnings data on Wednesday, October 29th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.02. The company had revenue of $23.55 billion for the quarter, compared to the consensus estimate of $22.17 billion. FCAU quarterly revenue was up 13.8% on a year-over-year basis. Analysts expect that Fiat Chrysler Automobiles will post $0.51 EPS for the current fiscal year.

Analysts at Morgan Stanley reiterated a top pick rating on shares of Fiat Chrysler Automobiles in a research note on Thursday, November 13th. Separately, analysts at Goldman Sachs initiated coverage on shares of Fiat Chrysler Automobiles in a research note on Tuesday, November 11th. They set a conviction-buy rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a strong buy rating to the company. The stock currently has an average rating of Buy.

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