Brokerages Set Stellantis N.V. (NYSE:STLA) Price Target at $10.01

Shares of Stellantis N.V. (NYSE:STLA) have received a consensus recommendation of “Hold” from the nineteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $10.0111.

Several analysts recently commented on STLA shares. Freedom Capital upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Stellantis in a research note on Friday, July 17th. TD Cowen dropped their target price on Stellantis from $9.00 to $6.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Bank of America lowered Stellantis from a “neutral” rating to an “underperform” rating in a research note on Monday, May 11th. Finally, HSBC cut Stellantis from a “hold” rating to a “reduce” rating in a report on Friday, July 3rd.

Institutional Trading of Stellantis

A number of institutional investors and hedge funds have recently made changes to their positions in STLA. United Community Bank purchased a new position in shares of Stellantis during the 4th quarter valued at approximately $26,000. Flagship Harbor Advisors LLC purchased a new stake in Stellantis in the 4th quarter worth $27,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Stellantis by 113.6% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock worth $36,000 after acquiring an additional 1,755 shares during the period. Cromwell Holdings LLC raised its position in Stellantis by 1,402.0% during the fourth quarter. Cromwell Holdings LLC now owns 3,725 shares of the company’s stock worth $41,000 after acquiring an additional 3,477 shares during the period. Finally, Intesa Sanpaolo Wealth Management purchased a new position in Stellantis during the fourth quarter valued at $49,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Stock Performance

Shares of NYSE STLA opened at $5.79 on Monday. The company has a 50 day simple moving average of $6.59 and a two-hundred day simple moving average of $7.65. The stock has a market cap of $21.80 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 0.29 and a beta of 1.46. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.50. Stellantis has a 12 month low of $5.25 and a 12 month high of $12.22.

Stellantis (NYSE:STLA) last issued its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $44.14 billion for the quarter. As a group, analysts predict that Stellantis will post 0.7 earnings per share for the current year.

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.