Barclays Upgrades Fiat Chrysler Automobiles NV to Equal-Weight with Price Target $10

Brokerage firm Barclays Upgrades its rating on Fiat Chrysler Automobiles NV(FCAU). As per the latest information, Barclays Raises the price target to $10 per share from a prior target of $5.6. The shares have been rated Equal-Weight. Previously, the analysts had a Underweight rating on the shares. The rating by Barclays was issued on Feb 3, 2017.

Fiat Chrysler Automobiles NV (FCAU) shares turned negative on Tuesdays trading session with the shares closing down -0.5 points or -4.64% at a volume of 1,66,56,741. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.5. The peak price level was also seen at $10.5 while the days lowest was $10.185. Finally the shares closed at $10.27. The 52-week high of the shares is $11.32 while the 52-week low is $5.45. According to the latest information available, the market cap of the company is $17,439 M.

Fiat Chrysler Automobiles NV(FCAU) last announced its earnings results on Jan 26, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $31.799B. Analysts had an estimated revenue of $31.640B. Earnings per share were $0.38. Analysts had estimated an EPS of $0.45.

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