Brokerages Set Stellantis N.V. (NYSE:STLA) PT at $11.67

Shares of Stellantis N.V. (NYSE:STLA) have been given a consensus rating of “Hold” by the nineteen research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $11.6722.

Several equities analysts recently issued reports on the stock. Wolfe Research raised shares of Stellantis from an “underperform” rating to a “peer perform” rating in a report on Monday, February 9th. Piper Sandler set a $15.00 price target on Stellantis and gave the company an “overweight” rating in a report on Thursday, January 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Stellantis in a research report on Wednesday, January 21st. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $9.90 price objective on shares of Stellantis in a research report on Wednesday, January 14th. Finally, DZ Bank upgraded Stellantis from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, December 4th.

Institutional Investors Weigh In On Stellantis

Hedge funds and other institutional investors have recently bought and sold shares of the company. United Community Bank purchased a new position in Stellantis in the fourth quarter worth $26,000. Flagship Harbor Advisors LLC purchased a new position in Stellantis during the 4th quarter worth $27,000. FNY Investment Advisers LLC purchased a new position in Stellantis during the 2nd quarter worth $28,000. Montag A & Associates Inc. acquired a new position in Stellantis during the 3rd quarter valued at about $34,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in Stellantis by 113.6% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock valued at $36,000 after buying an additional 1,755 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Price Performance

Shares of Stellantis stock opened at $7.74 on Friday. 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 $9.91 and its two-hundred day moving average is $10.07. Stellantis has a 1 year low of $7.03 and a 1 year high of $14.28.

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.