Stellantis (NYSE:STLA) Receives Consensus Rating of “Hold” from Analysts

Shares of Stellantis (NYSE:STLA) have been assigned an average rating of “Hold” from the fourteen brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $27.34.

STLA has been the subject of a number of research reports. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Barclays downgraded shares of Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Jefferies Financial Group restated a “hold” rating and issued a $16.44 price target (down from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Finally, Nomura Securities upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st.

Hedge Funds Weigh In On Stellantis

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rothschild Investment LLC bought a new stake in shares of Stellantis during the 2nd quarter worth about $25,000. Waldron Private Wealth LLC acquired a new position in shares of Stellantis during the third quarter valued at approximately $33,000. Central Pacific Bank Trust Division bought a new stake in Stellantis during the third quarter worth approximately $35,000. ORG Partners LLC acquired a new stake in Stellantis in the second quarter worth approximately $38,000. Finally, Cromwell Holdings LLC boosted its stake in Stellantis by 52.9% during the 3rd quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after purchasing an additional 1,036 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Down 4.2 %

NYSE STLA opened at $13.40 on Friday. The company’s fifty day moving average price is $14.25 and its two-hundred day moving average price is $17.94. Stellantis has a 12 month low of $12.74 and a 12 month high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

About Stellantis

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.