Fiat Chrysler Two New Recalls Affect Over 1.3 Million Vehicles Worldwide

Claudine Rigal
Juillet 17, 2017

(The) reissued a "buy" rating on shares of Fiat Chrysler Automobiles N.V.in a research report on Friday, March 17th. Finally, Jefferies Group LLC set a $14.00 target price on Fiat Chrysler Automobiles N.V. and gave the company a "buy" rating in a research report on Monday, May 22nd.

TRADEMARK VIOLATION NOTICE: "Fiat Chrysler Automobiles N.V. (FCAU) Rating Lowered to Hold at Zacks Investment Research" was published by Transcript Daily and is the property of of Transcript Daily. (NYSE FCAU) opened at 11.99 on Tuesday. Fiat Chrysler Automobiles N.V.

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Fiat Chrysler Automobiles NV (FCHA.MI) said on Friday it is recalling 1.33 million vehicles worldwide in two separate campaigns for potential fire risks and inadvertent airbag deployments. The firm had revenue of $27.72 billion for the quarter, compared to the consensus estimate of $27.51 billion. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts forecast that Fiat Chrysler Automobiles N.V. will post $2.44 earnings per share for the current year. During the same period in the previous year, the business earned $0.34 earnings per share. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and global copyright and trademark law. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/07/17/fiat-chrysler-automobiles-n-v-fcau-given-average-rating-of-hold-by-brokerages-updated-updated.html.

A number of hedge funds have recently modified their holdings of the stock. Wexford Capital LP bought a new stake in Fiat Chrysler Automobiles N.V. during the fourth quarter valued at approximately $101,000. FMR LLC now owns 27,377,215 shares of the company's stock worth $299,304,000 after buying an additional 12,837,115 shares in the last quarter. Creative Planning now owns 25,931 shares of the company's stock worth $276,000 after buying an additional 1,354 shares during the last quarter. Finally, Addison Capital Co raised its stake in shares of Fiat Chrysler Automobiles N.V.by 4.4% in the second quarter. Russell Investments Group Ltd. now owns 17,605,184 shares of the company's stock worth $192,562,000 after buying an additional 3,524,249 shares in the last quarter. It also produces metallurgical products and production systems for the automobile industry, and owns publishing and insurance companies. Investment Centers of America Inc. bought a new stake in Fiat Chrysler Automobiles N.V. during the first quarter valued at approximately $110,000.

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