Stellantis (NYSE:STLA) Coverage Initiated by Analysts at BNP Paribas Exane

BNP Paribas Exane initiated coverage on shares of Stellantis (NYSE:STLA) in a research report sent to investors on Monday. The firm issued a neutral rating and a $10.10 price objective on the stock.

Several other analysts have also weighed in on the stock. Jefferies Financial Group upgraded shares of Stellantis from a “hold” rating to a “buy” rating and lifted their target price for the company from $10.25 to $13.20 in a research report on Wednesday, June 25th. Bank of America lowered shares of Stellantis from a “buy” rating to a “neutral” rating and reduced their price target for the company from $16.50 to $11.75 in a research report on Monday, July 7th. Zacks Research lowered shares of Stellantis from a “hold” rating to a “strong sell” rating in a research report on Monday, August 25th. Finally, Wolfe Research lowered shares of Stellantis from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $12.21.

Stellantis Price Performance

Shares of Stellantis stock opened at $8.95 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06. The firm’s 50-day simple moving average is $9.61 and its 200-day simple moving average is $10.23. Stellantis has a twelve month low of $8.39 and a twelve month high of $16.29. The firm has a market cap of $27.05 billion, a P/E ratio of 2.62, a price-to-earnings-growth ratio of 0.54 and a beta of 1.46.

Hedge Funds Weigh In On Stellantis

A number of institutional investors have recently modified their holdings of STLA. Goldman Sachs Group Inc. raised its stake in shares of Stellantis by 208.0% in the first quarter. Goldman Sachs Group Inc. now owns 95,367,261 shares of the company’s stock worth $1,069,067,000 after acquiring an additional 64,406,866 shares during the last quarter. Norges Bank bought a new position in shares of Stellantis in the second quarter worth about $384,724,000. Deutsche Bank AG bought a new position in shares of Stellantis in the first quarter worth about $368,520,000. Amundi raised its stake in shares of Stellantis by 41.0% in the second quarter. Amundi now owns 110,680,258 shares of the company’s stock worth $1,143,327,000 after acquiring an additional 32,206,884 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Stellantis by 318.6% in the first quarter. Hsbc Holdings PLC now owns 11,808,556 shares of the company’s stock worth $130,893,000 after acquiring an additional 8,987,548 shares during the last quarter. 59.48% of the stock is owned by institutional investors.

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.