Stellantis (NYSE:STLA) Upgraded by Wolfe Research to “Peer Perform” Rating

Wolfe Research upgraded shares of Stellantis (NYSE:STLA) from an underperform rating to a peer perform rating in a research note issued to investors on Monday morning, Marketbeat.com reports.

STLA has been the subject of a number of other reports. Citigroup reissued a “neutral” rating on shares of Stellantis in a research note on Tuesday, November 11th. Wall Street Zen downgraded shares of Stellantis from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Morgan Stanley cut shares of Stellantis from an “overweight” rating to an “equal weight” rating and set a $10.90 target price on the stock. in a report on Tuesday, February 3rd. DZ Bank raised Stellantis from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Finally, Zacks Research cut Stellantis from a “hold” rating to a “strong sell” rating in a research report on Friday, January 2nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.67.

Stellantis Stock Up 0.4%

STLA stock opened at $7.31 on Monday. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. Stellantis has a twelve month low of $7.03 and a twelve month high of $14.28. The business’s 50-day moving average price is $10.64 and its 200-day moving average price is $10.17.

Institutional Investors Weigh In On Stellantis

Several institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC raised its stake in shares of Stellantis by 68.8% during the first quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock worth $919,000 after purchasing an additional 33,429 shares during the last quarter. Focus Partners Wealth increased its stake in Stellantis by 37.2% in the 1st quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock valued at $171,000 after purchasing an additional 4,135 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Stellantis by 2.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 83,148 shares of the company’s stock worth $834,000 after buying an additional 1,599 shares during the last quarter. Yousif Capital Management LLC grew its position in shares of Stellantis by 18.9% in the second quarter. Yousif Capital Management LLC now owns 32,218 shares of the company’s stock valued at $323,000 after purchasing an additional 5,115 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in Stellantis during the second quarter worth $185,000. 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.