Stellantis (NYSE:STLA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Stellantis (NYSE:STLA) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

A number of other equities analysts have also recently issued reports on the company. BNP Paribas Exane began coverage on Stellantis in a report on Monday, September 8th. They set a “neutral” rating and a $10.10 target price on the stock. UBS Group raised shares of Stellantis from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Stellantis in a research note on Monday, October 13th. Citigroup reiterated a “neutral” rating on shares of Stellantis in a report on Tuesday, November 11th. Finally, Berenberg Bank raised shares of Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price target on the stock in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Stellantis currently has a consensus rating of “Hold” and an average target price of $11.75.

Stellantis Stock Down 3.9%

STLA opened at $11.09 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. The firm has a 50 day simple moving average of $10.77 and a 200 day simple moving average of $10.09. Stellantis has a fifty-two week low of $8.39 and a fifty-two week high of $14.28.

Stellantis (NYSE:STLA) last released its earnings results on Thursday, October 30th. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.32). The business had revenue of $87.44 billion for the quarter, compared to analysts’ expectations of $87.94 billion. Equities research analysts anticipate that Stellantis will post 2.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. National Bank of Canada FI raised its position in Stellantis by 3.7% in the 3rd quarter. National Bank of Canada FI now owns 32,949 shares of the company’s stock valued at $306,000 after buying an additional 1,186 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Stellantis by 2.1% during the second quarter. Advisors Asset Management Inc. now owns 59,263 shares of the company’s stock worth $594,000 after purchasing an additional 1,193 shares during the last quarter. Straightline Group LLC boosted its holdings in Stellantis by 5.0% during the second quarter. Straightline Group LLC now owns 28,248 shares of the company’s stock worth $283,000 after purchasing an additional 1,352 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Stellantis by 2.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 83,148 shares of the company’s stock valued at $834,000 after purchasing an additional 1,599 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Stellantis by 10.2% in the 3rd quarter. Blue Trust Inc. now owns 19,258 shares of the company’s stock valued at $180,000 after buying an additional 1,780 shares during the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Company Profile

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.