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

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

Several other research firms have also issued reports on STLA. The Goldman Sachs Group upgraded Stellantis to a “hold” rating in a report on Monday, November 24th. Zacks Research lowered Stellantis from a “hold” rating to a “strong sell” rating in a research report on Friday, January 2nd. Cowen reiterated a “hold” rating on shares of Stellantis in a research note on Friday, December 12th. Berenberg Bank raised Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price objective for the company in a report on Friday, September 19th. Finally, BNP Paribas downgraded shares of Stellantis from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.04.

Stellantis Stock Performance

Shares of STLA opened at $10.93 on Friday. Stellantis has a 12 month low of $8.39 and a 12 month high of $14.28. The firm has a fifty day simple moving average of $10.89 and a 200 day simple moving average of $10.21. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06.

Stellantis (NYSE:STLA) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of $0.41 by ($1.32). The business had revenue of $87.44 billion for the quarter, compared to analysts’ expectations of $87.94 billion. As a group, equities analysts expect that Stellantis will post 2.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stellantis

A number of large investors have recently added to or reduced their stakes in the business. Amundi boosted its position in Stellantis by 41.0% during the second quarter. Amundi now owns 110,680,258 shares of the company’s stock worth $1,143,327,000 after purchasing an additional 32,206,884 shares during the period. Vanguard Group Inc. lifted its stake in shares of Stellantis by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 95,143,705 shares of the company’s stock worth $883,126,000 after buying an additional 2,002,880 shares during the last quarter. Norges Bank bought a new stake in shares of Stellantis during the 2nd quarter worth about $384,724,000. Bank of Italy grew its stake in Stellantis by 11.6% in the 3rd quarter. Bank of Italy now owns 36,630,307 shares of the company’s stock valued at $338,212,000 after buying an additional 3,800,000 shares during the last quarter. Finally, Quadrature Capital Ltd grew its stake in Stellantis by 6,148.4% in the 3rd quarter. Quadrature Capital Ltd now owns 14,945,564 shares of the company’s stock valued at $137,891,000 after buying an additional 14,706,375 shares during the last quarter. 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.