Wall Street Zen Downgrades Stellantis (NYSE:STLA) to Sell

Stellantis (NYSE:STLA) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

Several other equities research analysts also recently weighed in on STLA. Zacks Research raised Stellantis from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Stellantis in a research note on Wednesday, October 8th. Cowen reissued a “hold” rating on shares of Stellantis in a research report on Friday, December 12th. BNP Paribas Exane initiated coverage on shares of Stellantis in a report on Monday, September 8th. They issued a “neutral” rating and a $10.10 target price for the company. Finally, The Goldman Sachs Group raised Stellantis to a “hold” rating in a report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Stellantis has a consensus rating of “Hold” and a consensus target price of $11.75.

Stellantis Stock Up 0.2%

Shares of STLA opened at $11.06 on Friday. 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 has a 1-year low of $8.39 and a 1-year high of $14.28. The firm has a fifty day moving average price of $10.84 and a 200 day moving average price of $10.11.

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

Hedge Funds Weigh In On Stellantis

A number of large investors have recently made changes to their positions in STLA. FNY Investment Advisers LLC purchased a new stake in Stellantis during the second quarter worth about $28,000. Montag A & Associates Inc. acquired a new stake in shares of Stellantis during the 3rd quarter valued at approximately $34,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Stellantis during the 2nd quarter worth approximately $37,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Stellantis by 137.9% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 5,524 shares of the company’s stock worth $52,000 after acquiring an additional 3,202 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Stellantis by 63.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock valued at $63,000 after purchasing an additional 2,448 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Company Profile

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.