Stellantis (NYSE:STLA) Upgraded by Freedom Capital to Strong-Buy Rating

Freedom Capital upgraded shares of Stellantis (NYSE:STLA) from a hold rating to a strong-buy rating in a report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Stellantis in a research note on Monday, October 13th. UBS Group upgraded Stellantis from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 2nd. The Goldman Sachs Group upgraded Stellantis to a “hold” rating in a research note on Monday, November 24th. Sanford C. Bernstein restated a “market perform” rating and set a $9.90 price objective on shares of Stellantis in a research note on Wednesday, January 14th. Finally, Wall Street Zen downgraded Stellantis from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.67.

Stellantis Stock Performance

Shares of STLA stock opened at $7.49 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. The company’s fifty day simple moving average is $10.57 and its 200-day simple moving average is $10.15. Stellantis has a 52 week low of $7.03 and a 52 week high of $14.28.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of STLA. AQR Capital Management LLC raised its stake in Stellantis by 68.8% during the first quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock worth $919,000 after acquiring an additional 33,429 shares during the period. Focus Partners Wealth grew its holdings in shares of Stellantis by 37.2% during the first quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock valued at $171,000 after purchasing an additional 4,135 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Stellantis by 2.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 83,148 shares of the company’s stock valued at $834,000 after purchasing an additional 1,599 shares during the last quarter. Yousif Capital Management LLC raised its position in shares of Stellantis by 18.9% during the 2nd quarter. Yousif Capital Management LLC now owns 32,218 shares of the company’s stock worth $323,000 after purchasing an additional 5,115 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Stellantis in the 2nd quarter worth approximately $185,000. 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.