Stellantis (NYSE:STLA) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Stellantis (NYSE:STLA) have been assigned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $27.34.

A number of equities research analysts have weighed in on STLA shares. Barclays cut Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Royal Bank of Canada reiterated a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Evercore ISI began coverage on shares of Stellantis in a research report on Monday, November 11th. They set an “inline” rating on the stock. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th.

Stellantis Price Performance

Stellantis stock opened at $13.73 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a fifty-two week low of $12.12 and a fifty-two week high of $29.51. The stock has a 50-day simple moving average of $13.27 and a 200-day simple moving average of $16.49.

Institutional Investors Weigh In On Stellantis

Institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC lifted its holdings in shares of Stellantis by 4.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company’s stock valued at $288,000 after buying an additional 636 shares during the period. Legacy Capital Group California Inc. boosted its position in shares of Stellantis by 7.0% during the 2nd quarter. Legacy Capital Group California Inc. now owns 10,777 shares of the company’s stock worth $214,000 after purchasing an additional 707 shares in the last quarter. CWM LLC grew its stake in shares of Stellantis by 7.6% during the 2nd quarter. CWM LLC now owns 12,424 shares of the company’s stock worth $247,000 after purchasing an additional 874 shares during the period. Evergreen Capital Management LLC increased its holdings in shares of Stellantis by 2.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 41,257 shares of the company’s stock valued at $819,000 after purchasing an additional 971 shares in the last quarter. Finally, Cromwell Holdings LLC lifted its stake in shares of Stellantis by 52.9% in the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after purchasing an additional 1,036 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

About Stellantis

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.