Fiat Chrysler's 2Q17 Results Kept Optimism Alive on Wall Street

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A number of other large investors have also recently modified their holdings of the company. AQR Capital Management LLC boosted its position in Fiat Chrysler Automobiles 56.9% in the first quarter. The company's stock had a trading volume of 6,526,385 shares.

Fiat Chrysler Automobiles NV (BIT:F) received a €10.00 ($11.76) price objective from stock analysts at J P Morgan Chase & Co in a report released on Monday, July 10th. The firm has a market cap of $18.35 billion, a P/E ratio of 5.58 and a beta of 1.67. (NYSE:FCAU) last announced its quarterly earnings results on Thursday, July 27th. (The) reaffirmed a "buy" rating on shares of Fiat Chrysler Automobiles a research note on Wednesday, April 26th. The firm now has a buy rating on the stock. Fiat Chrysler Automobiles N.V. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.59 by $0.17. FCAU reported an adjusted net profit margin of 3.9% in the quarter, much better than the 1.2% it reported in 2Q16. The firm had revenue of $27.93 billion during the quarter, compared to the consensus estimate of $29.24 billion. Finally, UBS AG set a €11.00 ($12.79) price target on Fiat Chrysler Automobiles NV and gave the company a neutral rating in a research note on Monday, July 10th. During the same period in the previous year, the company earned $0.45 EPS. Investment Centers of America Inc. purchased a new stake in shares of Fiat Chrysler Automobiles N.V. during the first quarter valued at about $110,000. Russell Investments Group Ltd. increased its position in Fiat Chrysler Automobiles 25.0% in the first quarter. Equities research analysts predict that Fiat Chrysler Automobiles N.V. will post $2.52 EPS for the current fiscal year. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and global trademark and copyright law. The correct version of this piece can be viewed at Goldman Sachs Group, Inc. Zacks Investment Research cut Fiat Chrysler Automobiles N.V. from a "buy" rating to a "hold" rating in a report on Tuesday, April 4th. Institutional investors and hedge funds own 29.57% of the company's stock. Two analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock now has a consensus rating of Hold and an average target price of €12.42 ($14.44). Finally, BidaskClub raised Fiat Chrysler Automobiles N.V. from a "sell" rating to a "hold" rating in a research note on Friday, June 23rd.

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