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

Stellantis N.V. (NYSE:STLA) has been given an average rating of “Hold” by the nineteen brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $10.9050.

A number of research analysts recently commented on STLA shares. TD Cowen reaffirmed a “hold” rating on shares of Stellantis in a research report on Friday, May 22nd. Loop Capital set a $8.00 target price on shares of Stellantis in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellantis in a research report on Monday, April 20th. Zacks Research raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Kepler Capital Markets downgraded shares of Stellantis from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th.

Stellantis Stock Down 3.7%

Shares of Stellantis stock opened at $7.12 on Friday. Stellantis has a 52-week low of $6.28 and a 52-week high of $12.22. The company has a 50 day moving average of $7.70 and a 200 day moving average of $8.82. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $26.78 billion, a P/E ratio of 28.46, a P/E/G ratio of 0.31 and a beta of 1.41.

Stellantis (NYSE:STLA) last issued its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The business had revenue of $44.14 billion for the quarter. As a group, research analysts forecast that Stellantis will post 0.82 EPS for the current fiscal year.

More Stellantis News

Here are the key news stories impacting Stellantis this week:

• Negative Sentiment: Multiple law firms, including Rosen Law Firm, Frank R. Cruz, Bragar Eagel & Squire, The Gross Law Firm, and others, reminded Stellantis investors about the June 8 lead-plaintiff deadline in an ongoing securities fraud class action. Article: STLA Deadline: STLA Investors Have Opportunity to Lead Stellantis N.V. Securities Fraud Lawsuit
• Negative Sentiment: Additional notices said Stellantis shareholders who lost money may seek to participate in the securities lawsuit, reinforcing the overhang from the litigation and keeping the issue in front of investors. Article: Deadline Soon: Stellantis N.V. (STLA) Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit
• Negative Sentiment: Law firms such as Pomerantz, Schall, Bernstein Liebhard, and Robbins Geller also published investor alerts confirming a class action has been filed against Stellantis, adding to the bearish legal narrative around the stock. Article: INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Stellantis N.V. of Class Action Lawsuit and Upcoming Deadlines – STLA

Institutional Investors Weigh In On Stellantis

Several large investors have recently modified their holdings of the company. United Community Bank acquired a new position in shares of Stellantis in the 4th quarter valued at $26,000. Flagship Harbor Advisors LLC acquired a new stake in Stellantis during the 4th quarter worth $27,000. Montag A & Associates Inc. purchased a new position in Stellantis during the 3rd quarter worth $34,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in Stellantis by 113.6% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock worth $36,000 after purchasing an additional 1,755 shares during the last quarter. Finally, Cromwell Holdings LLC increased its position in Stellantis by 1,402.0% in the 4th quarter. Cromwell Holdings LLC now owns 3,725 shares of the company’s stock valued at $41,000 after acquiring an additional 3,477 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

About Stellantis

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.