Stellantis (NYSE:STLA) Receives Average Recommendation of “Hold” from Analysts

Shares of Stellantis (NYSE:STLA) have received an average rating of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat.com reports. Twelve analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $16.49.

Several research analysts have recently commented on STLA shares. TD Cowen started coverage on Stellantis in a report on Friday, March 7th. They issued a “hold” rating and a $13.00 target price on the stock. Piper Sandler cut shares of Stellantis from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. UBS Group cut shares of Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, April 14th. DZ Bank upgraded shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 22nd. Finally, Cowen initiated coverage on shares of Stellantis in a research report on Thursday, March 6th. They issued a “hold” rating for the company.

Stellantis Stock Up 0.7%

Shares of STLA opened at $10.75 on Wednesday. The company has a market capitalization of $32.50 billion, a P/E ratio of 3.15 and a beta of 1.45. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a one year low of $8.39 and a one year high of $22.61. The business’s 50 day simple moving average is $10.32 and its 200-day simple moving average is $12.15.

Stellantis Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were given a dividend of $0.5032 per share. This represents a dividend yield of 6.07%. The ex-dividend date was Wednesday, April 23rd. Stellantis’s payout ratio is 20.82%.

Institutional Trading of Stellantis

Several institutional investors and hedge funds have recently made changes to their positions in STLA. Geneos Wealth Management Inc. bought a new stake in shares of Stellantis during the 4th quarter valued at $26,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Stellantis during the 4th quarter valued at $29,000. GAMMA Investing LLC raised its position in shares of Stellantis by 422.3% during the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company’s stock valued at $35,000 after acquiring an additional 2,538 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Stellantis during the 1st quarter valued at $35,000. Finally, Farther Finance Advisors LLC raised its position 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 valued at $37,000 after acquiring an additional 1,167 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

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.