Stellantis (NYSE:STLA) Raised to Hold at Wall Street Zen

Stellantis (NYSE:STLA) was upgraded by research analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a report issued on Sunday, Wall Street Zen reports.

STLA has been the subject of several other reports. Piper Sandler lowered shares of Stellantis from an “overweight” rating to an “underweight” rating and set a $4.00 price target for the company. in a research report on Monday, July 27th. Berenberg Bank lowered Stellantis from a “buy” rating to a “hold” rating in a research note on Wednesday, September 16th. Freedom Broker dropped their target price on Stellantis from $7.50 to $6.80 and set a “buy” rating for the company in a report on Tuesday, October 13th. Morgan Stanley cut shares of Stellantis from an “equal weight” rating to an “underweight” rating and set a $5.20 price target for the company. in a research report on Monday, September 14th. Finally, Evercore set a $7.50 price target on shares of Stellantis in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $7.38.

Stellantis Stock Up 1.8%

Shares of STLA opened at $4.72 on Friday. The stock has a fifty day moving average of $4.77 and a 200-day moving average of $6.58. The stock has a market capitalization of $17.78 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 0.40 and a beta of 1.49. Stellantis has a 52 week low of $3.92 and a 52 week high of $12.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.76 and a current ratio of 1.04.

Stellantis (NYSE:STLA) last posted its quarterly earnings data on Wednesday, October 28th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.26). The company had revenue of $42.60 billion during the quarter, compared to analyst estimates of $46.96 billion. As a group, sell-side analysts anticipate that Stellantis will post 0.42 earnings per share for the current fiscal year.

Institutional Trading of Stellantis

Large investors have recently modified their holdings of the company. Great Lakes Advisors LLC purchased a new position in Stellantis in the second quarter worth about $1,936,000. Ellsworth Advisors LLC bought a new stake in shares of Stellantis during the 3rd quarter valued at about $2,022,000. Engineers Gate Manager LP increased its position in shares of Stellantis by 439.1% during the 2nd quarter. Engineers Gate Manager LP now owns 333,091 shares of the company’s stock valued at $1,894,000 after purchasing an additional 271,303 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in shares of Stellantis by 7,589.8% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 553,669 shares of the company’s stock valued at $2,597,000 after purchasing an additional 546,469 shares during the last quarter. Finally, Chou Associates Management Inc. bought a new position in shares of Stellantis in the 2nd quarter worth approximately $8,003,000. 59.48% of the stock is owned by institutional investors.

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.