Stellantis (NYSE:STLA) Upgraded to “Hold” at Wall Street Zen

Stellantis (NYSE:STLA) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

STLA has been the subject of a number of other reports. The Goldman Sachs Group upgraded Stellantis to a “hold” rating in a research report on Monday, November 24th. TD Cowen reiterated a “hold” rating on shares of Stellantis in a research report on Friday, December 12th. Zacks Research raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Morgan Stanley lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating and set a $10.90 target price for the company. in a report on Tuesday, February 3rd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Stellantis in a research note on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Stellantis currently has an average rating of “Hold” and a consensus target price of $11.12.

Stellantis Stock Down 1.4%

NYSE:STLA opened at $7.17 on Monday. The company has a quick ratio of 0.74, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. The business has a 50 day simple moving average of $9.16 and a 200-day simple moving average of $9.93. Stellantis has a 1 year low of $7.03 and a 1 year high of $13.09.

Hedge Funds Weigh In On Stellantis

Hedge funds have recently bought and sold shares of the business. United Community Bank bought a new stake in shares of Stellantis during the fourth quarter worth $26,000. Flagship Harbor Advisors LLC bought a new position in shares of Stellantis in the fourth quarter worth about $27,000. Montag A & Associates Inc. purchased a new position in Stellantis in the 3rd quarter worth about $34,000. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in Stellantis by 113.6% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock worth $36,000 after buying an additional 1,755 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new stake in Stellantis during the 2nd quarter valued at about $37,000. 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.