Advertisement
Singapore markets open in 8 hours 28 minutes

  • Straits Times Index

    3,287.75
    -5.38 (-0.16%)
     

  • S&P 500

    5,026.81
    -44.82 (-0.88%)
     

  • Dow

    37,973.13
    -487.79 (-1.27%)
     

  • Nasdaq

    15,509.50
    -203.25 (-1.29%)
     

  • Bitcoin USD

    64,103.73
    -255.57 (-0.40%)
     

  • CMC Crypto 200

    1,385.09
    +2.52 (+0.18%)
     

  • FTSE 100

    8,078.86
    +38.48 (+0.48%)
     

  • Gold

    2,337.90
    -0.50 (-0.02%)
     

  • Crude Oil

    82.60
    -0.21 (-0.25%)
     

  • 10-Yr Bond

    4.7080
    +0.0560 (+1.20%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • FTSE Bursa Malaysia

    1,569.25
    -2.23 (-0.14%)
     

  • Jakarta Composite Index

    7,155.29
    -19.24 (-0.27%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

Fiat Chrysler Announces Two Recalls Over Safety Issues

Zacks Equity Research
Updated

Fiat Chrysler Automobiles N.V. FCAU is recalling approximately 209,000 units of sports utility vehicle (SUV) and minivan, globally, per AP. The recall is to fix a braking problem in the vehicles, which can make the vehicles take longer distances for stopping.

The recalled models include — 2018 Dodge Journey, 2019 Jeep Cherokee, and the 2018 and 2019 Dodge Grand Caravan, and Jeep Compass, which are majorly from the United States. Brakes in the recalled vehicles are not built per specifications, which lead to the formation of gas bubbles in the brake fluid.

Further, the company’s Mexican unit has issued another recall of more than 122,000 vehicles, per Reuters. The recalled vehicle brands are — Chrysler, Dodge, Jeep and Ram. The recall is to correct a computer programming problem for the vehicle’s powertrain control module.

Fiat Chrysler Automobiles N.V. Price and Consensus

 

Fiat Chrysler Automobiles N.V. Price and Consensus | Fiat Chrysler Automobiles N.V. Quote

ADVERTISEMENT

Earlier, in May, Fiat Chrysler recalled more than 5.3 million vehicles in North America due to a software flaw that could stop drivers from deactivating vehicles’ cruise control — an electronic device that lets the vehicle to sustain a constant speed, without driver intervention.

Price Performance

In the past three months, Fiat Chrysler’s stock has lost 26.8%, underperforming 9.3% decline recorded by the industry it belongs to.

 



Zacks Rank & Key Picks

Fiat Chrysler currently carries a Zacks Rank #5 (Strong Sell). A few better-ranked stocks in the auto space are Cummins Inc. CMI, Oshkosh Corporation OSK and PACCAR Inc. PCAR. Cummins and Oshkosh carry a Zacks Rank #2 (Buy) while PACCAR sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Cummins has an expected long-term growth rate of 11.6%. The company’s stock has seen the Zacks Consensus Estimate for third-quarter 2018 earnings being revised 5.4% upward over the past 30 days.

Oshkosh has an expected long-term growth rate of 18.3%. The company’s stock has seen the Zacks Consensus Estimate for fourth-quarter fiscal 2018 earnings being revised 5.8% upward over the past 30 days.

PACCAR has an expected long-term growth rate of 10.8%. The company’s stock has seen the Zacks Consensus Estimate for third-quarter 2018 earnings being revised 1.4% upward over the past 30 days.

5 Medical Stocks to Buy Now

Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.

New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.

Click here to see the 5 stocks >>
 


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
PACCAR Inc. (PCAR) : Free Stock Analysis Report
 
Fiat Chrysler Automobiles N.V. (FCAU) : Free Stock Analysis Report
 
Oshkosh Corporation (OSK) : Free Stock Analysis Report
 
Cummins Inc. (CMI) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research