Stellantis (NYSE:STLA) Given Average Rating of “Hold” by Brokerages

Stellantis (NYSE:STLA) has received a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the firm, MarketBeat reports. Twelve investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $16.49.

Several research analysts have recently issued reports on the stock. Piper Sandler downgraded shares of Stellantis from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. TD Cowen began coverage on Stellantis in a research note on Friday, March 7th. They set a “hold” rating and a $13.00 price target on the stock. DZ Bank raised Stellantis from a “strong sell” rating to a “hold” rating in a report on Tuesday. Cowen began coverage on Stellantis in a report on Thursday, March 6th. They set a “hold” rating on the stock. Finally, Redburn Atlantic lowered Stellantis from a “buy” rating to a “neutral” rating in a research note on Tuesday.

Hedge Funds Weigh In On Stellantis

Several institutional investors have recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC increased its holdings in shares of Stellantis by 7.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company’s stock worth $211,000 after buying an additional 1,149 shares in the last quarter. Farther Finance Advisors LLC raised its position in Stellantis by 54.5% in the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company’s stock valued at $37,000 after purchasing an additional 1,167 shares during the last quarter. Spire Wealth Management boosted its stake in Stellantis by 29.7% in the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after purchasing an additional 1,211 shares in the last quarter. Glenorchy Capital Ltd grew its holdings in shares of Stellantis by 4.9% during the fourth quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company’s stock worth $375,000 after purchasing an additional 1,340 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Stellantis by 10.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company’s stock valued at $212,000 after buying an additional 1,481 shares in the last quarter. 59.48% of the stock is owned by institutional investors.

Stellantis Trading Up 0.9 %

Shares of Stellantis stock opened at $9.41 on Friday. The company has a market cap of $28.45 billion, a price-to-earnings ratio of 2.76 and a beta of 1.44. Stellantis has a 1 year low of $8.39 and a 1 year high of $25.05. The company’s fifty day simple moving average is $11.32 and its 200-day simple moving average is $12.54. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

Stellantis Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 24th will be issued a $0.5032 dividend. This represents a dividend yield of 6.07%. The ex-dividend date of this dividend is Wednesday, April 23rd. Stellantis’s payout ratio is 20.82%.

Stellantis Company Profile

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.