Stellantis N.V. (NYSE:STLA) Receives Consensus Rating of “Reduce” from Analysts

Shares of Stellantis N.V. (NYSE:STLA) have received an average recommendation of “Reduce” from the nineteen research firms that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $8.50.

Several analysts recently weighed in on STLA shares. Bank of America downgraded shares of Stellantis from a “neutral” rating to an “underperform” rating in a report on Monday, May 11th. TD Cowen reiterated a “hold” rating on shares of Stellantis in a report on Wednesday, August 26th. Weiss Ratings lowered Stellantis from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. HSBC cut Stellantis from a “hold” rating to a “reduce” rating in a report on Friday, July 3rd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Stellantis in a research note on Thursday, July 9th.

Institutional Investors Weigh In On Stellantis

A number of large investors have recently modified their holdings of the company. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in Stellantis by 113.6% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock valued at $36,000 after buying an additional 1,755 shares in the last quarter. Intesa Sanpaolo Wealth Management acquired a new position in shares of Stellantis during the 4th quarter worth about $49,000. Sarver Vrooman Wealth Advisors acquired a new position in shares of Stellantis during the 4th quarter worth about $52,000. EverSource Wealth Advisors LLC increased its holdings in shares of Stellantis by 63.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock valued at $63,000 after acquiring an additional 2,448 shares during the last quarter. Finally, MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Stellantis in the 2nd quarter valued at about $65,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Price Performance

Shares of NYSE STLA opened at $5.56 on Tuesday. The company has a market capitalization of $20.93 billion, a P/E ratio of 14.26, a P/E/G ratio of 0.32 and a beta of 1.44. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 0.76. The company has a 50 day simple moving average of $5.57 and a 200-day simple moving average of $6.71. Stellantis has a 1 year low of $5.05 and a 1 year high of $12.22.

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 for the quarter. On average, equities research analysts predict that Stellantis will post 0.61 earnings per share for the current year.

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.