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

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

A number of other equities research analysts have also issued reports on STLA. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellantis in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Stellantis in a research note on Monday, October 13th. Cowen reiterated a “hold” rating on shares of Stellantis in a research note on Friday, December 12th. Berenberg Bank raised shares of Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price objective on the stock in a research report on Friday, September 19th. Finally, UBS Group upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Stellantis presently has an average rating of “Hold” and an average target price of $12.04.

Stellantis Price Performance

Shares of NYSE:STLA opened at $10.93 on Friday. Stellantis has a 1 year low of $8.39 and a 1 year high of $14.28. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average is $10.89 and its two-hundred day moving average is $10.20.

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

Institutional Investors Weigh In On Stellantis

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in Stellantis during the 2nd quarter worth approximately $384,724,000. Amundi grew 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 worth $1,143,327,000 after acquiring an additional 32,206,884 shares during the last quarter. Quadrature Capital Ltd increased its holdings in shares of Stellantis by 6,148.4% in the 3rd quarter. Quadrature Capital Ltd now owns 14,945,564 shares of the company’s stock valued at $137,891,000 after acquiring an additional 14,706,375 shares during the period. Bank of Italy increased its holdings in shares of Stellantis by 11.6% in the 3rd quarter. Bank of Italy now owns 36,630,307 shares of the company’s stock valued at $338,212,000 after acquiring an additional 3,800,000 shares during the period. Finally, BNP Paribas Financial Markets raised its position in Stellantis by 137.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,832,266 shares of the company’s stock valued at $54,473,000 after purchasing an additional 3,373,933 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

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.