Brokerages Set Stellantis N.V. (NYSE:STLA) Price Target at $12.74

Shares of Stellantis N.V. (NYSE:STLA) have received a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $12.7375.

STLA has been the topic of several recent research reports. Redburn Atlantic downgraded Stellantis from a “buy” rating to a “neutral” rating in a report on Tuesday, April 22nd. Wolfe Research cut shares of Stellantis from a “peer perform” rating to an “underperform” rating in a report on Wednesday, July 2nd. UBS Group downgraded shares of Stellantis from a “buy” rating to a “neutral” rating in a research note on Monday, April 14th. Bank of America lowered shares of Stellantis from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $16.50 to $11.75 in a report on Monday, July 7th. Finally, DZ Bank raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 22nd.

Institutional Investors Weigh In On Stellantis

Several large investors have recently modified their holdings of the company. Bridgewater Associates LP purchased a new stake in Stellantis in the 4th quarter valued at $999,000. Michels Family Financial LLC acquired a new position in Stellantis in the fourth quarter valued at $375,000. Kedalion Capital Management LLP purchased a new stake in shares of Stellantis in the first quarter valued at about $5,553,000. Northern Trust Corp raised its holdings in shares of Stellantis by 61.9% in the fourth quarter. Northern Trust Corp now owns 1,461,793 shares of the company’s stock valued at $19,076,000 after buying an additional 558,758 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Stellantis during the first quarter worth about $1,755,000. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Stock Up 1.8%

NYSE:STLA opened at $8.98 on Monday. Stellantis has a 52 week low of $8.39 and a 52 week high of $16.92. The stock’s fifty day moving average is $9.75 and its two-hundred day moving average is $10.88. The stock has a market capitalization of $27.15 billion, a price-to-earnings ratio of 2.63, a price-to-earnings-growth ratio of 0.45 and a beta of 1.45. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37.

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.