Stellantis (NYSE:STLA) Receives $16.49 Consensus PT from Analysts

Shares of Stellantis (NYSE:STLA) have been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the stock, Marketbeat reports. Twelve analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $16.49.

Several brokerages have issued reports on STLA. TD Cowen began coverage on Stellantis in a report on Friday, March 7th. They issued a “hold” rating and a $13.00 price target for the company. Cowen began coverage on Stellantis in a report on Thursday, March 6th. They issued a “hold” rating for the company. UBS Group downgraded Stellantis from a “buy” rating to a “neutral” rating in a report on Monday, April 14th. Redburn Atlantic downgraded Stellantis from a “buy” rating to a “neutral” rating in a report on Tuesday, April 22nd. Finally, Piper Sandler downgraded Stellantis from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $23.00 to $13.00 in a report on Thursday, March 20th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STLA. Goldman Sachs Group Inc. boosted its position in Stellantis by 208.0% during the first quarter. Goldman Sachs Group Inc. now owns 95,367,261 shares of the company’s stock valued at $1,069,067,000 after purchasing an additional 64,406,866 shares during the last quarter. Norges Bank acquired a new position in Stellantis during the fourth quarter valued at approximately $609,076,000. Deutsche Bank AG acquired a new position in Stellantis during the first quarter valued at approximately $368,520,000. Marshall Wace LLP boosted its position in Stellantis by 72,446.0% during the fourth quarter. Marshall Wace LLP now owns 17,400,161 shares of the company’s stock valued at $226,899,000 after purchasing an additional 17,376,176 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in Stellantis by 318.6% during the first quarter. Hsbc Holdings PLC now owns 11,808,556 shares of the company’s stock valued at $130,893,000 after purchasing an additional 8,987,548 shares during the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Stock Down 4.0%

Shares of Stellantis stock opened at $9.94 on Wednesday. Stellantis has a 1 year low of $8.39 and a 1 year high of $22.61. The business has a 50-day moving average of $10.18 and a two-hundred day moving average of $12.07. The company has a market capitalization of $30.04 billion, a P/E ratio of 2.91 and a beta of 1.45. 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 Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 24th were given a dividend of $0.5032 per share. The ex-dividend date was Wednesday, April 23rd. This represents a yield of 6.07%. Stellantis’s dividend payout ratio (DPR) is presently 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.