Stellantis (NYSE:STLA) Upgraded by Wall Street Zen to “Hold” Rating

Stellantis (NYSE:STLA) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other equities analysts have also recently issued reports on STLA. BNP Paribas Exane initiated coverage on Stellantis in a report on Monday, September 8th. They issued a “neutral” rating and a $10.10 target price for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Stellantis in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Stellantis in a report on Monday, October 13th. Zacks Research raised Stellantis from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Finally, Bank of America downgraded shares of Stellantis from a “buy” rating to a “neutral” rating and cut their price target for the company from $16.50 to $11.75 in a report on Monday, July 7th. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.04.

Stellantis Trading Down 0.0%

Shares of STLA opened at $10.14 on Friday. 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 company has a 50-day moving average price of $9.97 and a two-hundred day moving average price of $9.85. Stellantis has a 12 month low of $8.39 and a 12 month high of $14.28.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. grew its position in shares of Stellantis by 2.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 59,263 shares of the company’s stock worth $594,000 after buying an additional 1,193 shares during the period. Ballentine Partners LLC grew its position in shares of Stellantis by 8.0% during the 1st quarter. Ballentine Partners LLC now owns 17,792 shares of the company’s stock worth $199,000 after buying an additional 1,317 shares during the period. Straightline Group LLC raised its position in shares of Stellantis by 5.0% during the 2nd quarter. Straightline Group LLC now owns 28,248 shares of the company’s stock valued at $283,000 after acquiring an additional 1,352 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Stellantis by 2.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 83,148 shares of the company’s stock valued at $834,000 after acquiring an additional 1,599 shares during the last quarter. Finally, Strengthening Families & Communities LLC raised its position in shares of Stellantis by 4.0% during the 1st quarter. Strengthening Families & Communities LLC now owns 44,038 shares of the company’s stock valued at $494,000 after acquiring an additional 1,700 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

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.