Fiat Chrysler Automobiles NV (FCAU) is Downgraded by BofA/Merrill to Underperform

Fiat Chrysler Automobiles NV (FCAU) was Downgraded by BofA/Merrill to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Apr 29, 2016.

Many Wall Street Analysts have commented on Fiat Chrysler Automobiles NV. Fiat Chrysler Automobiles NV was Resumed by Morgan Stanley to “Overweight” on Feb 24, 2016.

On the company’s financial health, Fiat Chrysler Automobiles NV reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.24. The company had revenue of $26570.00 million for the quarter, compared to analysts expectations of $27719.06 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Fiat Chrysler Automobiles NV opened for trading at $8.05 and hit $8.2 on the upside on Wednesday, eventually ending the session at $8.17, with a gain of 1.62% or 0.13 points. The heightened volatility saw the trading volume jump to 61,09,955 shares. Company has a market cap of $13,872 M.

Fiat Chrysler Automobiles NV

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