Wall Street Zen Downgrades Stellantis (NYSE:STLA) to Strong Sell

Stellantis (NYSE:STLA) was downgraded by Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.

Several other brokerages also recently issued reports on STLA. Freedom Capital raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Truist Financial set a $9.00 price target on Stellantis in a report on Friday, May 22nd. Citigroup reissued a “neutral” rating on shares of Stellantis in a research report on Thursday, July 9th. TD Cowen reduced their price objective on Stellantis from $9.00 to $6.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Finally, Evercore set a $7.50 price objective on Stellantis in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $8.66.

Stellantis Stock Up 0.2%

STLA stock opened at $5.42 on Friday. Stellantis has a 52-week low of $5.05 and a 52-week high of $12.22. The company’s 50 day simple moving average is $5.75 and its 200-day simple moving average is $6.93. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 0.76. The firm has a market capitalization of $20.40 billion, a P/E ratio of 13.90, a P/E/G ratio of 0.31 and a beta of 1.45.

Stellantis (NYSE:STLA) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.14 EPS for the quarter. The firm had revenue of $49.63 billion during the quarter. As a group, equities research analysts anticipate that Stellantis will post 0.61 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of STLA. Readystate Asset Management LP acquired a new stake in shares of Stellantis in the 2nd quarter valued at $718,000. XY Capital Ltd acquired a new position in Stellantis during the second quarter worth $149,000. AlphaGrep UK Ltd bought a new position in Stellantis during the second quarter valued at about $307,000. Headlands Technologies LLC bought a new position in Stellantis during the second quarter valued at about $625,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Stellantis in the second quarter worth about $1,686,000. Institutional investors own 59.48% of the company’s stock.

About Stellantis

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.