Stellantis (NYSE:STLA) Hits New 1-Year Low – What’s Next?

Stellantis N.V. (NYSE:STLA) shares hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $4.19 and last traded at $4.2950, with a volume of 31,140,743 shares changing hands. The stock had previously closed at $4.37.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on STLA. Wall Street Zen upgraded Stellantis from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. Weiss Ratings cut Stellantis from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 4th. Berenberg Bank cut Stellantis from a “buy” rating to a “hold” rating in a research report on Wednesday, September 16th. HSBC downgraded Stellantis from a “hold” rating to a “reduce” rating in a research note on Friday, July 3rd. Finally, Citigroup reissued a “neutral” rating on shares of Stellantis in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $7.38.

Stellantis Price Performance

The company has a 50 day moving average price of $4.92 and a 200-day moving average price of $6.15. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.59. The company has a market cap of $15.90 billion, a price-to-earnings ratio of 10.83, a P/E/G ratio of 0.37 and a beta of 1.49.

Stellantis (NYSE:STLA) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $49.63 billion during the quarter. As a group, equities research analysts predict that Stellantis N.V. will post 0.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Stellantis

A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its holdings in Stellantis by 84.7% in the first quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock valued at $166,746,000 after purchasing an additional 10,783,370 shares during the period. Swiss National Bank lifted its holdings in Stellantis by 26.8% during the 1st quarter. Swiss National Bank now owns 6,981,716 shares of the company’s stock worth $48,774,000 after buying an additional 1,477,637 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Stellantis by 19.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,501,139 shares of the company’s stock worth $24,810,000 after buying an additional 574,048 shares during the period. Renaissance Technologies LLC lifted its holdings in Stellantis by 118.4% during the 1st quarter. Renaissance Technologies LLC now owns 3,365,143 shares of the company’s stock worth $23,540,000 after buying an additional 1,824,139 shares during the period. Finally, Pictet Asset Management Holding SA grew its position in shares of Stellantis by 3.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,563,595 shares of the company’s stock valued at $10,916,000 after buying an additional 49,349 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Company Profile

Stellantis N.V. (NYSE: STLA) is a global automotive company formed in 2021 through the merger of Fiat Chrysler Automobiles and Groupe PSA. The company designs, engineers, manufactures and sells passenger cars, light commercial vehicles and mobility solutions across markets worldwide.

Stellantis operates a broad portfolio of automotive brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall. Its products range from mass-market cars and sport utility vehicles to commercial vans, performance vehicles and luxury automobiles.