Stellantis (NYSE:STLA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Stellantis (NYSE:STLA) from a strong sell rating to a hold rating in a research note published on Sunday morning,Wall Street Zen reports.

A number of other equities research analysts have also commented on STLA. Weiss Ratings lowered shares of Stellantis from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 4th. Citigroup restated a “neutral” rating on shares of Stellantis in a research report on Thursday, July 9th. Evercore set a $7.50 target price on shares of Stellantis in a research note on Friday, July 31st. Freedom Broker dropped their target price on shares of Stellantis from $7.50 to $6.80 and set a “buy” rating for the company in a research note on Tuesday, October 13th. Finally, HSBC reiterated a “reduce” rating on shares of Stellantis in a research report on Friday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $7.38.

Stellantis Price Performance

Shares of STLA stock opened at $4.47 on Friday. The stock’s fifty day moving average is $4.76 and its 200-day moving average is $6.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.72 and a current ratio of 1.02. The stock has a market capitalization of $16.84 billion, a PE ratio of 11.47, a PEG ratio of 0.40 and a beta of 1.48. Stellantis has a 52 week low of $3.92 and a 52 week high of $12.22.

Stellantis (NYSE:STLA) last announced its earnings results on Wednesday, October 28th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.26). The firm had revenue of $42.60 billion during the quarter, compared to the consensus estimate of $46.96 billion. Equities research analysts expect that Stellantis will post 0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Stellantis

Institutional investors have recently modified their holdings of the business. IFP Advisors Inc lifted its holdings in Stellantis by 1,534.8% in the second quarter. IFP Advisors Inc now owns 4,463 shares of the company’s stock valued at $26,000 after buying an additional 4,190 shares during the period. SYM FINANCIAL Corp acquired a new stake in Stellantis during the 3rd quarter worth $45,000. Parallel Advisors LLC grew its holdings in Stellantis by 220.5% during the 3rd quarter. Parallel Advisors LLC now owns 10,501 shares of the company’s stock worth $46,000 after acquiring an additional 7,225 shares during the period. Apollon Wealth Management LLC acquired a new stake in Stellantis during the 3rd quarter worth $54,000. Finally, Versant Capital Management Inc raised its position in shares of Stellantis by 31.4% during the 3rd quarter. Versant Capital Management Inc now owns 14,496 shares of the company’s stock valued at $64,000 after acquiring an additional 3,467 shares during the last quarter. Institutional investors and hedge funds 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.