Stellantis (NYSE:STLA) Reaches New 52-Week Low – What’s Next?

Stellantis N.V. (NYSE:STLA)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $5.43 and last traded at $5.4550, with a volume of 3070588 shares. The stock had previously closed at $5.65.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on STLA shares. Truist Financial set a $9.00 price objective on Stellantis in a report on Friday, May 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellantis in a report on Monday, April 20th. Kepler Capital Markets lowered Stellantis from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. TD Cowen reiterated a “hold” rating on shares of Stellantis in a research report on Friday, May 22nd. Finally, Bank of America cut Stellantis from a “neutral” rating to an “underperform” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.51.

Stellantis Stock Down 1.0%

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 stock’s 50-day simple moving average is $6.91 and its 200 day simple moving average is $7.98. The firm has a market cap of $20.12 billion, a P/E ratio of 21.38, a PEG ratio of 0.21 and a beta of 1.46.

Stellantis (NYSE:STLA) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The business had revenue of $44.14 billion during the quarter. As a group, research analysts forecast that Stellantis N.V. will post 0.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Stellantis

A number of hedge funds have recently added to or reduced their stakes in STLA. AQR Capital Management LLC boosted its holdings in shares of Stellantis by 68.8% during the 1st quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock worth $919,000 after buying an additional 33,429 shares in the last quarter. Focus Partners Wealth increased its stake in shares of Stellantis by 37.2% in the 1st quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock valued at $171,000 after acquiring an additional 4,135 shares in the last quarter. M&T Bank Corp bought a new position in Stellantis during the second quarter worth $154,000. EverSource Wealth Advisors LLC grew its holdings in Stellantis by 63.8% in the second quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock worth $63,000 after purchasing an additional 2,448 shares during the period. Finally, Cerity Partners LLC increased its stake in Stellantis by 9.2% in the second quarter. Cerity Partners LLC now owns 65,473 shares of the company’s stock valued at $657,000 after purchasing an additional 5,542 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors.

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.