Stellantis (NYSE:STLA) Downgraded by Wall Street Zen to Strong Sell

Wall Street Zen cut shares of Stellantis (NYSE:STLA) from a sell rating to a strong sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Other analysts have also recently issued reports about the stock. Sanford C. Bernstein cut shares of Stellantis from a “market perform” rating to an “underperform” rating in a report on Friday, August 7th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Stellantis in a research report on Thursday, July 9th. TD Cowen reaffirmed a “hold” rating on shares of Stellantis in a research note on Wednesday, August 26th. UBS Group downgraded Stellantis from a “buy” rating to a “neutral” rating in a research note on Monday, August 3rd. Finally, HSBC reissued a “reduce” rating on shares of Stellantis in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, ten have issued a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $7.38.

Stellantis Stock Performance

Shares of Stellantis stock opened at $4.05 on Friday. The firm’s 50-day moving average is $4.87 and its 200 day moving average is $6.11. The stock has a market cap of $15.26 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 0.35 and a beta of 1.49. Stellantis has a 1 year low of $3.92 and a 1 year high of $12.22. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 0.76.

Stellantis (NYSE:STLA) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $49.63 billion for the quarter. Sell-side analysts anticipate that Stellantis will post 0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Stellantis

Large investors have recently bought and sold shares of the business. Great Lakes Advisors LLC purchased a new stake in Stellantis during the 2nd quarter valued at $1,936,000. Engineers Gate Manager LP boosted its position in shares of Stellantis by 439.1% during the second quarter. Engineers Gate Manager LP now owns 333,091 shares of the company’s stock valued at $1,894,000 after buying an additional 271,303 shares during the period. Ellsworth Advisors LLC bought a new position in shares of Stellantis during the third quarter valued at approximately $2,022,000. TD Waterhouse Canada Inc. grew its stake in shares of Stellantis by 7,589.8% during the third quarter. TD Waterhouse Canada Inc. now owns 553,669 shares of the company’s stock valued at $2,597,000 after buying an additional 546,469 shares during the last quarter. Finally, Chou Associates Management Inc. purchased a new stake in shares of Stellantis in the second quarter worth approximately $8,003,000. Institutional investors own 59.48% of the company’s stock.

About Stellantis

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.