Stellantis (NYSE:STLA) Upgraded at Piper Sandler

Stellantis (NYSE:STLA) was upgraded by equities research analysts at Piper Sandler from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Stellantis to a “hold” rating in a research note on Monday, November 24th. Cowen reaffirmed a “hold” rating on shares of Stellantis in a report on Friday, December 12th. Zacks Research lowered shares of Stellantis from a “hold” rating to a “strong sell” rating in a research note on Friday, January 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Stellantis in a research report on Monday, October 13th. Finally, UBS Group upgraded Stellantis from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.04.

Stellantis Trading Up 2.6%

Shares of STLA opened at $11.06 on Thursday. Stellantis has a 52 week low of $8.39 and a 52 week high of $14.28. The stock’s 50-day moving average price is $10.88 and its 200-day moving average price is $10.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06.

Stellantis (NYSE:STLA) last announced its quarterly earnings results on Thursday, October 30th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of $0.41 by ($1.32). The company had revenue of $87.44 billion during the quarter, compared to the consensus estimate of $87.94 billion. As a group, equities analysts predict that Stellantis will post 2.3 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in Stellantis in the 2nd quarter worth about $384,724,000. Amundi lifted its position in shares of Stellantis by 41.0% in the second quarter. Amundi now owns 110,680,258 shares of the company’s stock valued at $1,143,327,000 after acquiring an additional 32,206,884 shares in the last quarter. Quadrature Capital Ltd boosted its stake in shares of Stellantis by 6,148.4% in the third quarter. Quadrature Capital Ltd now owns 14,945,564 shares of the company’s stock worth $137,891,000 after acquiring an additional 14,706,375 shares during the last quarter. Bank of Italy increased its position in shares of Stellantis by 11.6% during the third quarter. Bank of Italy now owns 36,630,307 shares of the company’s stock worth $338,212,000 after purchasing an additional 3,800,000 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Stellantis by 137.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,832,266 shares of the company’s stock valued at $54,473,000 after purchasing an additional 3,373,933 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

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.