Published: Thu, January 12, 2017
U.S. | By Eddie Scott

EPA to Accuse Fiat Chrysler of Using Cheating Software in Diesels

EPA to Accuse Fiat Chrysler of Using Cheating Software in Diesels

Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) Chief Executive Sergio Marchionne told Wall Street analysts on Wednesday that the company's chances of hitting 2018 financial targets are "significantly greater than 50 percent", according to a person present at the meeting. The High Revenue estimate is predicted as 32.77 Billion, while the Low Revenue Estimate prediction stands at 30.61 Billion.

The number of analysts are covering this stock and now stock has got OUTPERFORM rating from 8 analysts of Thomson Reuters, 3 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating to Fiat Chrysler Automobiles N.V. (NYSE: FCAU) stock. The company's outstanding shares are 1.7 Billion.

Fiat Chrysler's US -listed shares and Milan-listed shares were each down 14 percent on the news. Highest potential price target is expected at $16.50 however minimum price target advised by analysts is $5.00. The stock touched its 52-Week High on Jan 10, 2017, and 52-Week Low on Jul 6, 2016. The volume of the company in the last trading session was 13.47 Million. "All automakers must play by the same rules, and we will continue to hold companies accountable that gain an unfair and illegal competitive advantage".

The price/earnings ratio (P/E) is 9.74 and the forward P/E ratio stands at 5.78. The Return on Investment and Return on Equity (ROE) values are 6.8 percent and 10 percent, respectively. The average true range of the stock is observed at 0.26 and the relative strength index of the stock is recorded at 86.26. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. OVERWEIGHT signal was given by 2 and Underweight signal was issued by 1 Analyst. An influential analyst on Wall Street may give a stock that is now trading at $60 a one-year price target of $90; however, there is no concrete way to calculate a price target.

The targets from Fiat Chrysler's five-year plan ending in 2018 were initially set in 2014 and updated in January 2016. The company beat the analyst EPS Estimate with the difference of $0.06.

Along with these, its year to date performance is standing at 18.53%.

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