Stellantis N.V. (NYSE:STLA) Receives $12.04 Consensus PT from Brokerages

Shares of Stellantis N.V. (NYSE:STLA) have been given a consensus rating of “Hold” by the fifteen brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $12.0417.

A number of brokerages recently issued reports on STLA. Jefferies Financial Group upgraded shares of Stellantis from a “hold” rating to a “buy” rating and raised their price objective for the company from $10.25 to $13.20 in a report on Wednesday, June 25th. BNP Paribas Exane started coverage on shares of Stellantis in a research note on Monday, September 8th. They set a “neutral” rating and a $10.10 price target for the company. Bank of America lowered Stellantis from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $16.50 to $11.75 in a research report on Monday, July 7th. Wolfe Research lowered Stellantis from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, July 2nd. Finally, Zacks Research lowered Stellantis from a “hold” rating to a “strong sell” rating in a research report on Monday, August 25th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG bought a new position in Stellantis during the 1st quarter worth approximately $368,520,000. Jupiter Asset Management Ltd. bought a new position in Stellantis during the first quarter worth $1,755,000. Amundi raised its stake in Stellantis by 6.4% during the first quarter. Amundi now owns 78,473,374 shares of the company’s stock worth $801,213,000 after buying an additional 4,708,200 shares during the last quarter. LPL Financial LLC raised its stake in Stellantis by 32.6% during the first quarter. LPL Financial LLC now owns 244,428 shares of the company’s stock worth $2,740,000 after buying an additional 60,097 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Stellantis by 0.8% in the 1st quarter. Swiss National Bank now owns 5,817,223 shares of the company’s stock worth $64,526,000 after acquiring an additional 45,181 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Down 3.5%

Shares of NYSE STLA opened at $9.30 on Tuesday. The company has a 50 day simple moving average of $9.49 and a 200 day simple moving average of $9.97. The firm has a market cap of $28.10 billion, a PE ratio of 2.73, a price-to-earnings-growth ratio of 0.61 and a beta of 1.46. Stellantis has a 1 year low of $8.39 and a 1 year high of $16.29. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77.

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.