19.44 +0.01 (0.05%)
Pre-Market: 8:32AM EDT
|Bid||19.42 x 2900|
|Ask||19.45 x 3200|
|Day's Range||19.29 - 19.46|
|52 Week Range||11.54 - 24.95|
|PE Ratio (TTM)||6.75|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||28.68|
Fiat is the world's eighth-largest automobile manufacturer -- its products and business model have garnered numerous awards. Here's a closer look at what the company is currently worth.
The station wagon, or estate wagon as they call it in Europe, has lost favor in this country for some time now. But among car and performance enthusiasts the question is: Why? A station wagon, especially one with performance aspirations, can give you all the attributes of a high-performance car, with the utility of an SUV-like hatch in the back.
Last week, Fiat Chrysler stock (FCAU) rose 5.9% to settle at $20. This was the first week when FCAU traded on a positive note after witnessing negative movement in the previous eight weeks.
Of the 23 analysts covering Fiat Chrysler (FCAU) stock, 48% recommend “buy.” In comparison, ~59% of the 22 analysts covering Toyota (TM) and 50% of the 20 analysts covering Honda (HMC) recommend “buy.”
In June, Fiat Chrysler (FCAU) sold 2,249 units of its luxury Alfa Romeo brand in the US market, against just 1,017 units in June 2017. This sharp increase in Alfa Romeo sales could be attributed to continuous demand for the company’s recently launched Stelvio SUV and Giulia models. Let’s look at how its other key brands performed in US markets in June.
European automakers led by Fiat Chrysler, Daimler, Volkswagen and BMW steered auto stocks higher Thursday amid reports that Germany and the U.S. may favor a bilateral deal to scrap auto tariffs.
In June, Fiat Chrysler’s (FCAU) total US sales rose to 202,264 vehicles, marking an 8% rise YoY (year-over-year) from 187,348 vehicles but a ~6% fall month-over-month from 214,294. July was the third consecutive month of US sales recovery for FCAU after 18 consecutive months of YoY decline.
According to Autodata, US auto sales’ SAAR (seasonally adjusted annual rate) rose YoY (year-over-year) to 17.47 million units in June from 16.70 million units. This growth indicates continued strength in US truck and SUV sales this year.
U.S. auto sales topped June expectations for Ford, Fiat Chrysler and Toyota. GM reported solid Q2 sales. But auto stocks have been falling as President Trump talks up auto tariffs.
The proposed tariffs by Trump are likely to hit the U.S. auto industry, which is heavily dependent on a complicated global supply chain.
Automakers report U.S. sales figures Tuesday, but GM, Ford and other auto stocks are struggling as the Trump trade war shifts to auto tariffs. Tesla stock rose on Model 3 output.
Last week, Fiat Chrysler stock (FCAU) fell 8.1% to settle at $19.17, marking its seventh consecutive week of decline. In the previous week, the stock fell ~1.4%.
Research coverage has been initiated by WallStEquities.com on four major players in the Auto Manufacturers space, and they are: Ford Motor Co. (NYSE: F), Tata Motors Ltd (NYSE: TTM), Tesla Inc. (NASDAQ: TSLA), and Fiat Chrysler Automobiles N.V. (NYSE: FCAU).
In May, Fiat Chrysler Automobiles’ (FCAU) total European sales were 110,100 units. That’s a minor rise of 0.2% from 109,800 in May 2017.
A glitch in its vehicles’ cruise-control feature has vaulted Fiat Chrysler Automobiles NV to the No. 1 spot in a category in the U.S. most car companies want to avoid: recalls. The Italian-U.S. auto maker launched a recall campaign in late May to address a flaw in more than five million vehicles that could prevent drivers from canceling cruise control should an “unlikely sequence of events” occur, the company said. The malfunction risks causing a vehicle to maintain a set speed even when a motorist taps the brakes or flips a switch to turn off cruise control.
While the vast majority of the automotive industry is worried about plateauing sales, this automaker will thrive regardless. Here's why.
Last week, Fiat Chrysler stock (FCAU) fell 1.4% to settle at $20.85, marking its sixth consecutive week of downward movement. In the previous week, the stock fell ~1.9%.
Top officials of Fiat Chrysler Automobiles NV and the United Auto Workers (UAW) union conspired to violate U.S. labor laws, federal prosecutors alleged in a court document, saying a former executive at the automaker knew bribes paid to union leaders were designed to "grease the skids" in labor negotiations. U.S. Justice department officials called the company and the union "co-conspirators" in a document related to a guilty plea agreed by former Fiat Chrysler director of employee relations Michael Brown.