Analysts Set Stellantis (NYSE:STLA) PT at $27.34

Stellantis (NYSE:STLA) has been assigned an average rating of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $27.34.

A number of research analysts have issued reports on STLA shares. Evercore ISI assumed coverage on Stellantis in a research report on Monday, November 11th. They set an “inline” rating for the company. Barclays lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th.

Stellantis Trading Down 2.4 %

STLA stock opened at $13.34 on Friday. The firm’s 50-day simple moving average is $13.04 and its 200 day simple moving average is $14.50. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. Stellantis has a fifty-two week low of $12.12 and a fifty-two week high of $29.51.

Institutional Trading of Stellantis

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. bought a new stake in shares of Stellantis during the 4th quarter worth $26,000. Waldron Private Wealth LLC acquired a new position in shares of Stellantis in the 3rd quarter valued at $33,000. Central Pacific Bank Trust Division acquired a new position in shares of Stellantis in the 3rd quarter valued at $35,000. Cromwell Holdings LLC lifted its position in shares of Stellantis by 52.9% in the 3rd quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after acquiring an additional 1,036 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in Stellantis during the 3rd quarter worth approximately $47,000. 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.