Redburn Atlantic Downgrades Stellantis (NYSE:STLA) to Neutral

Stellantis (NYSE:STLA) was downgraded by equities research analysts at Redburn Atlantic from a “buy” rating to a “neutral” rating in a report issued on Tuesday, Marketbeat.com reports.

STLA has been the subject of several other research reports. UBS Group downgraded shares of Stellantis from a “buy” rating to a “neutral” rating in a research note on Monday, April 14th. Cowen began coverage on Stellantis in a research note on Thursday, March 6th. They set a “hold” rating on the stock. TD Cowen began coverage on Stellantis in a research note on Friday, March 7th. They issued a “hold” rating and a $13.00 price objective for the company. Finally, Piper Sandler lowered shares of Stellantis from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. Eleven research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.49.

Stellantis Stock Down 5.9 %

STLA stock opened at $8.94 on Tuesday. The company’s 50 day moving average is $11.51 and its two-hundred day moving average is $12.60. Stellantis has a twelve month low of $8.39 and a twelve month high of $25.05. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The stock has a market cap of $27.03 billion, a P/E ratio of 2.62 and a beta of 1.44.

Institutional Trading of Stellantis

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. acquired a new stake in shares of Stellantis during the 4th quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC acquired a new stake in Stellantis in the fourth quarter valued at $29,000. GAMMA Investing LLC increased its position in shares of Stellantis by 422.3% in the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company’s stock valued at $35,000 after buying an additional 2,538 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Stellantis by 54.5% during the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company’s stock worth $37,000 after buying an additional 1,167 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Stellantis in the 4th quarter worth about $47,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Company Profile

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.