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Could Fiat Chrysler Automobiles NV (NYSE:FCAU) Change Direction After Less Shorts?

27 December 2017

Fiat Chrysler Automobiles said Friday that it planned to recall about 1.8 million Ram pickup trucks that could be shifted out of park without the driver's foot on the brake.

Honeywell International Inc.is maintained at an average outperform rating by 18 stock analysts, and there are at least 1.27% of shares outstanding that are now legally short sold. Fiat Chrysler Automobiles NV has a 1 year low of $8.98 and a 1 year high of $18.56. At the close of regular trading, its last week's stock price volatility was 1.3% which for the month reaches 0.93%. That compares with the recent volume average of 2.98 million. (FCAU) has a market cap of $28.35 billion and over the last 12 months, Fiat Chrysler Automobiles N.V. (NYSE:FCAU) has gone stronger by 109.7%. It has outperformed by 37.26% the S&P500. The stock decreased 0.06% or $0.08 during the last trading session, reaching $127.23. 1,698,392 shares of the company traded hands, compared to its average volume of 6,615,865.

The collective rating of 2 for Fiat Chrysler Automobiles N.V. (NYSE:FCAU) also leans strongly towards the neutral end of the spectrum.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $28.35B. The firm operates through six divisions: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. The Stock shows P/E value of 7.74 and Forward P/E of 6.07. 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. Of the 14 analysts surveyed by Reuters that track FCAU 3 of them rate its stock a hold. Therefore 46% are positive.

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Fiat Chrysler said that established on those reports - from owners, dealers and other sources - it had located the problem to a part known as a curb transmission shift mesh, a device that normally avoids a vehicle from moving out of park until the brake pedal is indented. Zacks Investment Research upgraded shares of Fiat Chrysler Automobiles from a "hold" rating to a "buy" rating and set a $20.00 price objective on the stock in a report on Wednesday, December 20th. As per Wednesday, January 20, the company rating was initiated by Citigroup. Jefferies maintained the stock with "Buy" rating in Tuesday, August 15 report. Two years ago, the National Highway Traffic Safety Administration found that the company had failed to promptly notify vehicle owners of recalls and delayed initiating repairs of defective models in 23 recalls covering 11 million vehicles. Bank of America has "Neutral" rating and $19 target. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Bank of America downgraded the shares of FCAU in report on Friday, April 29 to "Underperform" rating. The rating was downgraded by Barclays Capital to "Underweight" on Wednesday, July 6.

We can now take a quick look at some historical stock price index data. The firm earned "Overweight" rating on Tuesday, November 21 by Morgan Stanley.

The Gross Margin Score is calculated by looking at the Gross Margin and the overall stability of the company over the course of 8 years. UBS has "Buy" rating and $115 target. The company was reinitiated on Monday, August 24 by Morgan Stanley. Bailey Robert J. had sold 636 shares worth $79,088.

Could Fiat Chrysler Automobiles NV (NYSE:FCAU) Change Direction After Less Shorts?