Stellantis N.V. (NYSE:STLA) Receives $12.04 Average Price Target from Analysts

Stellantis N.V. (NYSE:STLA) has been assigned an average recommendation of “Hold” from the fifteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $12.0417.

STLA has been the topic of a number of research analyst reports. Jefferies Financial Group raised shares of Stellantis from a “hold” rating to a “buy” rating and increased their price objective for the stock from $10.25 to $13.20 in a report on Wednesday, June 25th. Berenberg Bank raised shares of Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price target on the stock in a research note on Friday, September 19th. Weiss Ratings reissued a “sell (d)” rating on shares of Stellantis in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Stellantis in a report on Monday, October 13th. Finally, BNP Paribas raised Stellantis to a “hold” rating in a research note on Tuesday, September 9th.

Stellantis Price Performance

Stellantis stock opened at $10.69 on Friday. The business’s fifty day moving average is $9.78 and its two-hundred day moving average is $9.75. 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 has a market cap of $32.32 billion, a P/E ratio of 3.13, a P/E/G ratio of 0.73 and a beta of 1.52. Stellantis has a 52 week low of $8.39 and a 52 week high of $14.28.

Institutional Trading of Stellantis

Several institutional investors and hedge funds have recently added to or reduced their stakes in STLA. FNY Investment Advisers LLC bought a new position in shares of Stellantis in the 2nd quarter valued at about $28,000. SVB Wealth LLC bought a new position in Stellantis in the first quarter valued at approximately $35,000. GAMMA Investing LLC grew its holdings in Stellantis by 422.3% during the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company’s stock worth $35,000 after acquiring an additional 2,538 shares during the period. Farther Finance Advisors LLC grew its holdings in 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 acquiring an additional 1,167 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Stellantis during the 2nd quarter valued at $37,000. 59.48% of the stock is owned by institutional investors.

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.