Stellantis (NYSE:STLA) Cut to “Neutral” at Piper Sandler

Stellantis (NYSE:STLA) was downgraded by equities research analysts at Piper Sandler from an “overweight” rating to a “neutral” rating in a report released on Thursday, MarketBeat.com reports. They currently have a $13.00 target price on the stock, down from their prior target price of $23.00. Piper Sandler’s price objective suggests a potential upside of 2.56% from the company’s current price.

A number of other equities research analysts also recently weighed in on STLA. TD Cowen began coverage on Stellantis in a report on Friday, March 7th. They issued a “hold” rating and a $13.00 target price on the stock. Cowen began coverage on Stellantis in a report on Thursday, March 6th. They issued a “hold” rating on the stock. Ten analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.27.

Stellantis Trading Up 0.4 %

Shares of STLA stock opened at $12.68 on Thursday. The stock’s fifty day moving average price is $13.04 and its two-hundred day moving average price is $13.48. The company has a market cap of $38.32 billion, a PE ratio of 3.72 and a beta of 1.64. Stellantis has a fifty-two week low of $11.40 and a fifty-two week high of $29.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. bought a new stake in shares of Stellantis during the 4th quarter valued at about $26,000. Mpwm Advisory Solutions LLC acquired a new position in Stellantis during the 4th quarter worth approximately $29,000. Darwin Wealth Management LLC acquired a new position in Stellantis during the 3rd quarter worth approximately $47,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Stellantis during the 4th quarter worth approximately $47,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after buying an additional 1,489 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

About Stellantis

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.