Stellantis (NYSE:STLA) Downgraded by Wall Street Zen to Sell

Stellantis (NYSE:STLA) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other research firms have also recently commented on STLA. HSBC reiterated a “hold” rating on shares of Stellantis in a research report on Tuesday, January 13th. Piper Sandler set a $15.00 price target on Stellantis and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Zacks Research cut Stellantis from a “hold” rating to a “strong sell” rating in a research note on Friday, January 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Stellantis in a report on Monday, October 13th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Stellantis in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Stellantis currently has a consensus rating of “Hold” and a consensus price target of $11.77.

Stellantis Trading Up 0.1%

Shares of Stellantis stock opened at $9.87 on Friday. The company has a fifty day simple moving average of $10.80 and a 200-day simple moving average of $10.18. Stellantis has a 12-month low of $8.39 and a 12-month high of $14.28. 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 (NYSE:STLA) last announced its quarterly earnings results on Thursday, October 30th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of $0.41 by ($1.32). The company had revenue of $87.44 billion for the quarter, compared to analysts’ expectations of $87.94 billion. As a group, equities analysts expect that Stellantis will post 2.3 earnings per share for the current year.

Hedge Funds Weigh In On Stellantis

A number of large investors have recently bought and sold shares of the company. Generali Asset Management SPA SGR increased its stake in shares of Stellantis by 2.2% during the third quarter. Generali Asset Management SPA SGR now owns 4,743,160 shares of the company’s stock worth $44,301,000 after acquiring an additional 102,328 shares during the period. Aviva PLC boosted its holdings in Stellantis by 81.3% in the 2nd quarter. Aviva PLC now owns 2,322,896 shares of the company’s stock valued at $23,265,000 after purchasing an additional 1,041,684 shares in the last quarter. 111 Capital acquired a new position in Stellantis during the 2nd quarter worth approximately $1,819,000. Elgethun Capital Management increased its position in Stellantis by 8.2% during the 2nd quarter. Elgethun Capital Management now owns 342,727 shares of the company’s stock worth $3,438,000 after purchasing an additional 26,042 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Stellantis by 8.7% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 7,009,256 shares of the company’s stock worth $70,002,000 after buying an additional 562,789 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

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.