Stellantis N.V. (NYSE:STLA) Receives Average Rating of “Hold” from Brokerages

Shares of Stellantis N.V. (NYSE:STLA) have been assigned an average recommendation of “Hold” from the seventeen brokerages that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $11.7688.

A number of analysts recently commented on the company. TD Cowen reaffirmed a “hold” rating on shares of Stellantis in a research note on Friday, December 12th. Citigroup restated a “neutral” rating on shares of Stellantis in a report on Tuesday, November 11th. The Goldman Sachs Group raised shares of Stellantis to a “hold” rating in a research note on Monday, November 24th. Zacks Research cut shares of Stellantis from a “hold” rating to a “strong sell” rating in a research report on Friday, January 2nd. Finally, Wall Street Zen upgraded shares of Stellantis from a “sell” rating to a “hold” rating in a report on Saturday, January 10th.

Institutional Investors Weigh In On Stellantis

Hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in Stellantis in the second quarter worth $384,724,000. Amundi increased its stake in shares of Stellantis by 41.0% in the 2nd 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 in the last quarter. Quadrature Capital Ltd lifted its position in Stellantis by 6,148.4% during 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 boosted its stake in Stellantis by 11.6% during the third quarter. Bank of Italy now owns 36,630,307 shares of the company’s stock worth $338,212,000 after acquiring an additional 3,800,000 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Stellantis by 137.2% in the third quarter. BNP Paribas Financial Markets now owns 5,832,266 shares of the company’s stock worth $54,473,000 after purchasing an additional 3,373,933 shares during the period. 59.48% of the stock is currently owned by institutional investors.

Stellantis Stock Performance

Shares of NYSE:STLA opened at $9.74 on Monday. The stock’s 50-day moving average is $10.80 and its 200 day moving average is $10.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06. Stellantis has a 1 year low of $8.39 and a 1 year high of $14.28.

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

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.