Stellantis N.V. (NYSE:STLA) Receives $11.12 Consensus Target Price from Analysts

Shares of Stellantis N.V. (NYSE:STLA) have been assigned a consensus rating of “Hold” from the nineteen ratings firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $11.1167.

A number of equities research analysts have commented on the company. Loop Capital set a $8.00 target price on Stellantis in a research report on Monday, March 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a research report on Wednesday, January 21st. Freedom Capital downgraded Stellantis from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. HSBC restated a “hold” rating on shares of Stellantis in a research report on Tuesday, January 13th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $9.90 target price on shares of Stellantis in a research report on Wednesday, January 14th.

Institutional Investors Weigh In On Stellantis

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STLA. AQR Capital Management LLC raised its position in Stellantis by 68.8% in the first quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock valued at $919,000 after purchasing an additional 33,429 shares during the period. Focus Partners Wealth grew its stake in shares of Stellantis by 37.2% in the first quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock valued at $171,000 after buying an additional 4,135 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of Stellantis in the second quarter valued at $154,000. EverSource Wealth Advisors LLC grew its stake in shares of Stellantis by 63.8% in the second quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock valued at $63,000 after buying an additional 2,448 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Stellantis by 9.2% in the second quarter. Cerity Partners LLC now owns 65,473 shares of the company’s stock valued at $657,000 after buying an additional 5,542 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Stock Performance

Shares of Stellantis stock opened at $7.98 on Friday. Stellantis has a one year low of $6.28 and a one year high of $12.22. The company has a current ratio of 1.02, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average price is $7.47 and its 200 day moving average price is $9.48.

About Stellantis

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.