Stellantis (NYSE:STLA) Raised to Strong-Buy at DZ Bank

Stellantis (NYSE:STLA) was upgraded by DZ Bank from a “strong sell” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other analysts have also recently issued reports on STLA. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Stellantis in a research report on Monday, October 13th. Zacks Research upgraded shares of Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. UBS Group upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a research report on Tuesday. Berenberg Bank raised shares of Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price objective for the company in a research note on Friday, September 19th. Finally, The Goldman Sachs Group raised Stellantis to a “hold” rating in a research note on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.75.

Stellantis Trading Up 1.8%

Shares of Stellantis stock opened at $12.06 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06. The company has a fifty day simple moving average of $10.44 and a 200-day simple moving average of $9.97. Stellantis has a 12-month low of $8.39 and a 12-month high of $14.28.

Stellantis (NYSE:STLA) last announced its quarterly earnings results on Thursday, October 30th. The company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.32). The company had revenue of $87.44 billion for the quarter, compared to analysts’ expectations of $87.94 billion. As a group, equities analysts expect that Stellantis will post 2.3 earnings per share for the current year.

Hedge Funds Weigh In On Stellantis

Hedge funds have recently made changes to their positions in the stock. Amundi raised its position in shares of Stellantis by 6.4% during the first quarter. Amundi now owns 78,473,374 shares of the company’s stock worth $801,213,000 after purchasing an additional 4,708,200 shares during the period. LPL Financial LLC increased its stake in Stellantis by 32.6% in the 1st quarter. LPL Financial LLC now owns 244,428 shares of the company’s stock worth $2,740,000 after purchasing an additional 60,097 shares in the last quarter. Chou Associates Management Inc. raised its holdings in Stellantis by 206.0% during the 1st quarter. Chou Associates Management Inc. now owns 1,396,388 shares of the company’s stock worth $15,654,000 after buying an additional 940,000 shares during the period. Swiss National Bank lifted its stake in Stellantis by 0.8% during the first quarter. Swiss National Bank now owns 5,817,223 shares of the company’s stock valued at $64,526,000 after buying an additional 45,181 shares in the last quarter. Finally, Prudential PLC acquired a new position in shares of Stellantis in the first quarter worth about $557,000. Institutional investors and hedge funds 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.