Stellantis N.V. (NYSE:STLA) Given Average Recommendation of “Hold” by Brokerages

Shares of Stellantis N.V. (NYSE:STLAGet Free Report) have been given a consensus recommendation of “Hold” by the nineteen ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $11.6722.

STLA has been the topic of several research analyst reports. UBS Group upgraded Stellantis from a “neutral” rating to a “buy” rating in a report on Tuesday, December 2nd. DZ Bank raised shares of Stellantis from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, December 4th. BNP Paribas Exane downgraded shares of Stellantis from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th. Piper Sandler set a $15.00 price target on shares of Stellantis and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Finally, Wall Street Zen cut Stellantis from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st.

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Hedge Funds Weigh In On Stellantis

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. United Community Bank acquired a new stake in Stellantis during the 4th quarter worth $26,000. Flagship Harbor Advisors LLC purchased a new position in shares of Stellantis during the fourth quarter worth approximately $27,000. FNY Investment Advisers LLC acquired a new stake in Stellantis during the 2nd quarter worth $28,000. Montag A & Associates Inc. purchased a new position in Stellantis during the 3rd quarter worth $34,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in Stellantis by 113.6% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock worth $36,000 after purchasing an additional 1,755 shares during the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Stock Performance

NYSE STLA opened at $8.04 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average is $9.59 and its two-hundred day moving average is $10.02. Stellantis has a 12 month low of $7.03 and a 12 month high of $13.14.

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About Stellantis

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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.

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Analyst Recommendations for Stellantis (NYSE:STLA)

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