Stellantis (NYSE:STLA) Shares Gap Down to $20.73

Stellantis (NYSE:STLA)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $20.73, but opened at $19.98. Stellantis shares last traded at $20.08, with a volume of 1,348,339 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently commented on STLA. Morgan Stanley lifted their price objective on Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Sanford C. Bernstein downgraded Stellantis from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 28th. Nomura restated a “neutral” rating on shares of Stellantis in a research report on Wednesday, March 13th. Piper Sandler started coverage on Stellantis in a research report on Friday, March 15th. They issued an “overweight” rating and a $39.00 target price on the stock. Finally, Berenberg Bank restated a “hold” rating on shares of Stellantis in a research report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.28.

Stellantis Stock Down 3.2 %

The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $22.28 and a 200 day moving average of $23.98.

Stellantis Dividend Announcement

The business also recently announced an annual dividend, which was paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd were paid a dividend of $1.147 per share. The ex-dividend date was Monday, April 22nd. This represents a yield of 4.55%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in STLA. Cary Street Partners Investment Advisory LLC purchased a new stake in Stellantis during the 3rd quarter valued at approximately $26,000. Westend Capital Management LLC purchased a new stake in Stellantis during the 1st quarter valued at approximately $38,000. Bruce G. Allen Investments LLC purchased a new stake in Stellantis during the 4th quarter valued at approximately $40,000. Solstein Capital LLC purchased a new stake in Stellantis during the 4th quarter valued at approximately $50,000. Finally, Cape Investment Advisory Inc. raised its stake in Stellantis by 424.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company’s stock valued at $50,000 after acquiring an additional 1,736 shares during the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Company Profile

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.