Stellantis (NYSE:STLA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Stellantis (NYSE:STLAGet Free Report) have received an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $29.55.

Several analysts recently issued reports on STLA shares. Piper Sandler started coverage on shares of Stellantis in a report on Friday, March 15th. They issued an “overweight” rating and a $39.00 price objective on the stock. Barclays upgraded shares of Stellantis to a “strong-buy” rating in a report on Monday, June 17th. Nomura restated a “neutral” rating on shares of Stellantis in a report on Wednesday, March 13th. Sanford C. Bernstein started coverage on shares of Stellantis in a research note on Friday, June 28th. They set a “market perform” rating and a $23.50 price target on the stock. Finally, Berenberg Bank reiterated a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26th.

View Our Latest Analysis on STLA

Stellantis Trading Down 1.6 %

Shares of STLA stock opened at $19.56 on Monday. Stellantis has a twelve month low of $17.19 and a twelve month high of $29.51. The company’s 50-day moving average price is $21.55 and its 200-day moving average price is $23.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95.

Stellantis Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd were issued a $1.147 dividend. This represents a dividend yield of 4.55%. The ex-dividend date of this dividend was Monday, April 22nd.

Institutional Investors Weigh In On Stellantis

Several large investors have recently modified their holdings of STLA. Vanguard Group Inc. raised its position in Stellantis by 1.2% in the first quarter. Vanguard Group Inc. now owns 83,818,351 shares of the company’s stock worth $2,372,059,000 after acquiring an additional 972,232 shares in the last quarter. Norges Bank purchased a new position in Stellantis in the fourth quarter worth $832,785,000. Capital International Investors raised its position in Stellantis by 329.3% in the first quarter. Capital International Investors now owns 22,503,781 shares of the company’s stock worth $639,609,000 after acquiring an additional 17,261,955 shares in the last quarter. Capital World Investors raised its position in Stellantis by 63.4% in the first quarter. Capital World Investors now owns 13,756,552 shares of the company’s stock worth $390,811,000 after acquiring an additional 5,336,868 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Stellantis by 5.0% in the first quarter. Bank of New York Mellon Corp now owns 11,532,856 shares of the company’s stock worth $326,380,000 after acquiring an additional 548,929 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Company Profile

(Get Free Report

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.

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Analyst Recommendations for Stellantis (NYSE:STLA)

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