China's Great Wall confirms interest in bidding for Fiat Chrysler

China's Great Wall confirms interest in bidding for Fiat Chrysler

China's Great Wall confirms interest in bidding for Fiat Chrysler

Goldman Sachs Group, (The) reiterated a "buy" recommendation on stocks of Fiat Chrysler Automobiles in a note on Wed, Apr 26th. The stock now has an average rating of "Hold" and a consensus target price of $12.55. According to First Call, the current consensus target price on shares is sitting at $15.78. Kepler Cheuvreux maintained the shares of FCA in report on Wednesday, January 6 with "Hold" rating. A rating of 4 or 5 would indicate a Sell. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The firm has "Buy" rating given on Friday, July 28 by Kepler Cheuvreux.

These funds have also shifted positions in (FCAU).

As Fiat-Chrysler searches for a friend, it's considering options to make itself into a more desirable business partner. Greenleaf Trust now owns 17,251 shares of the company's stock worth $183,000 after buying an additional 542 shares in the last quarter. Advisory Services Network, LLC owns 1,100 shares valued at $12,000. Ballentine Partners LLC purchased a new stake in shares of Fiat Chrysler Automobiles NV during the second quarter worth about $117,000. As of quarter end Cetera Investment Advisers had acquired a total of 1,840 shares growing its holdings by 15.0%.

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Executives are still mulling options for the $20.5 billion-market-cap company, but decisions about any sales or spinoffs are likely to be made by the beginning of next year. The firm has a 50-day moving average of $11.91 and a 200-day moving average of $11.10.

And while the Chinese auto giants have said talks have already happened between themselves and FCA (parent company of Jeep), FCA yesterday denied any discussions were even taking place. FIAT CHRYSLER AUTOMOBILES (BIT:FCA) has risen 5.54% since August 23, 2016 and is uptrending. During the same period in the previous year, the company earned $0.45 earnings per share. With the last stock price close up 29.47% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Next quarter's EPS is estimated at $0.75 with next year's EPS projected to be $2.86. Notably, the stock turned mixed after posting a fresh all-time high near $386.99 on June 23. The Company is involved in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems.

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