Stellantis (NYSE:STLA) Shares Gap Up – Time to Buy?

Stellantis N.V. (NYSE:STLA)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $5.28, but opened at $5.47. Stellantis shares last traded at $5.43, with a volume of 3,129,224 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Stellantis in a research report on Thursday, July 9th. Wall Street Zen lowered Stellantis from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. Citigroup reaffirmed a “neutral” rating on shares of Stellantis in a research report on Thursday, July 9th. Freedom Capital raised Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Finally, TD Cowen restated a “hold” rating on shares of Stellantis in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $8.66.

Stellantis Trading Up 3.0%

The stock’s 50 day simple moving average is $5.64 and its two-hundred day simple moving average is $6.82. The stock has a market capitalization of $20.48 billion, a PE ratio of 13.95, a PEG ratio of 0.30 and a beta of 1.45. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 0.76.

Stellantis (NYSE:STLA) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.14 EPS for the quarter. The company had revenue of $49.63 billion during the quarter. On average, sell-side analysts expect that Stellantis N.V. will post 0.61 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. United Community Bank purchased a new stake in shares of Stellantis during the fourth quarter worth $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in shares of Stellantis by 113.6% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock valued at $36,000 after purchasing an additional 1,755 shares in the last quarter. Intesa Sanpaolo Wealth Management bought a new stake in shares of Stellantis during the 4th quarter valued at $49,000. Sarver Vrooman Wealth Advisors purchased a new stake in Stellantis during the 4th quarter worth about $52,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Stellantis by 63.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock worth $63,000 after purchasing an additional 2,448 shares in the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

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.