Stellantis (NYSE:STLA) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Stellantis (NYSE:STLAFree Report) from a hold rating to a strong sell rating in a research note released on Tuesday morning,Zacks.com reports.

A number of other equities research analysts have also issued reports on STLA. DZ Bank upgraded shares of Stellantis from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, December 4th. Wolfe Research raised Stellantis from an “underperform” rating to a “peer perform” rating in a report on Monday, February 9th. Citigroup restated a “neutral” rating on shares of Stellantis in a research note on Tuesday, November 11th. HSBC reaffirmed a “hold” rating on shares of Stellantis in a report on Tuesday, January 13th. Finally, Loop Capital set a $8.00 price target on Stellantis in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.12.

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Stellantis Stock Down 0.4%

STLA opened at $6.87 on Tuesday. Stellantis has a 12-month low of $6.63 and a 12-month high of $12.74. 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 firm’s fifty day moving average price is $8.84 and its 200 day moving average price is $9.85.

Hedge Funds Weigh In On Stellantis

Large investors have recently bought and sold shares of the business. National Bank of Canada FI boosted its stake in Stellantis by 3.7% in the third quarter. National Bank of Canada FI now owns 32,949 shares of the company’s stock valued at $306,000 after acquiring an additional 1,186 shares during the period. Advisors Asset Management Inc. boosted its position in Stellantis by 2.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 59,263 shares of the company’s stock valued at $594,000 after purchasing an additional 1,193 shares during the period. Straightline Group LLC grew its stake in Stellantis by 5.0% during the 2nd quarter. Straightline Group LLC now owns 28,248 shares of the company’s stock worth $283,000 after buying an additional 1,352 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Stellantis by 28.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 7,110 shares of the company’s stock worth $77,000 after buying an additional 1,586 shares during the period. Finally, Stifel Financial Corp increased its position in Stellantis by 7.6% in the fourth quarter. Stifel Financial Corp now owns 23,100 shares of the company’s stock worth $252,000 after buying an additional 1,624 shares during the period. Institutional investors own 59.48% of the company’s stock.

Stellantis News Roundup

Here are the key news stories impacting Stellantis this week:

About Stellantis

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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.

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Analyst Recommendations for Stellantis (NYSE:STLA)

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