Stellantis (NYSE:STLA) Cut to “Sell” at Wall Street Zen

Stellantis (NYSE:STLA) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

A number of other equities analysts have also weighed in on the company. Berenberg Bank raised Stellantis from a “hold” rating to a “buy” rating and set a $11.20 target price on the stock in a research report on Friday, September 19th. Citigroup restated a “neutral” rating on shares of Stellantis in a research note on Tuesday, November 11th. The Goldman Sachs Group initiated coverage on shares of Stellantis in a report on Sunday. They set a “neutral” rating and a $10.00 price objective on the stock. Zacks Research raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Stellantis in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.75.

Stellantis Stock Performance

STLA stock opened at $10.15 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. The company’s 50-day moving average is $10.21 and its 200-day moving average is $9.93. Stellantis has a 1 year low of $8.39 and a 1 year high of $14.28.

Stellantis (NYSE:STLA) last posted its quarterly earnings results on Thursday, October 30th. The company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.32). The company had revenue of $87.44 billion during the quarter, compared to analyst estimates of $87.94 billion. Equities analysts anticipate that Stellantis will post 2.3 EPS for the current year.

Institutional Trading of Stellantis

Institutional investors have recently made changes to their positions in the company. Amundi lifted its position in shares of Stellantis by 41.0% during the second quarter. Amundi now owns 110,680,258 shares of the company’s stock valued at $1,143,327,000 after purchasing an additional 32,206,884 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Stellantis by 208.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 95,367,261 shares of the company’s stock worth $1,069,067,000 after purchasing an additional 64,406,866 shares in the last quarter. Vanguard Group Inc. increased its stake in Stellantis by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 95,143,705 shares of the company’s stock valued at $883,126,000 after buying an additional 2,002,880 shares during the last quarter. Norges Bank purchased a new stake in Stellantis in the 2nd quarter valued at about $384,724,000. Finally, Bank of Italy lifted its position in shares of Stellantis by 11.6% during the 3rd quarter. Bank of Italy now owns 36,630,307 shares of the company’s stock worth $338,212,000 after buying an additional 3,800,000 shares in 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.