Analysts Set Stellantis N.V. (NYSE:STLA) Target Price at $10.01

Shares of Stellantis N.V. (NYSE:STLA) have been assigned an average recommendation of “Hold” from the nineteen brokerages that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $10.0111.

Several equities analysts recently weighed in on STLA shares. Zacks Research upgraded Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a research report on Friday, July 17th. TD Cowen decreased their price objective on Stellantis from $9.00 to $6.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Stellantis in a research report on Tuesday, July 14th. Finally, HSBC downgraded Stellantis from a “hold” rating to a “reduce” rating in a research note on Friday, July 3rd.

Stellantis Trading Up 0.1%

Stellantis stock opened at $5.70 on Monday. Stellantis has a 12 month low of $5.25 and a 12 month high of $12.22. The company has a market capitalization of $21.44 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 0.29 and a beta of 1.46. The business’s fifty day simple moving average is $6.52 and its two-hundred day simple moving average is $7.57. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.50.

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 during the quarter. As a group, equities analysts predict that Stellantis will post 0.7 earnings per share for the current fiscal year.

Institutional Trading of Stellantis

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Stellantis by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 96,294,105 shares of the company’s stock valued at $1,054,515,000 after buying an additional 1,150,400 shares during the period. Norges Bank bought a new stake in shares of Stellantis during the 4th quarter worth approximately $553,692,000. Viking Global Investors LP bought a new stake in shares of Stellantis during the 4th quarter worth approximately $434,320,000. Bank of America Corp DE boosted its holdings in Stellantis by 84.7% during the 1st quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock valued at $166,746,000 after acquiring an additional 10,783,370 shares during the period. Finally, Banco Santander S.A. boosted its stake in shares of Stellantis by 99.9% during the fourth quarter. Banco Santander S.A. now owns 19,046,160 shares of the company’s stock valued at $207,413,000 after purchasing an additional 9,520,576 shares during the period. 59.48% of the stock is currently owned by institutional investors.

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.