Stellantis N.V. (NYSE:STLA) Given Consensus Rating of “Hold” by Analysts

Stellantis N.V. (NYSE:STLA) has received an average recommendation of “Hold” from the nineteen research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $10.9050.

Several equities research analysts have issued reports on STLA shares. Freedom Capital raised Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Kepler Capital Markets lowered Stellantis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Truist Financial set a $9.00 target price on Stellantis in a research note on Friday, May 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Stellantis in a research note on Monday, April 20th. Finally, Zacks Research raised Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th.

Institutional Investors Weigh In On Stellantis

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Stellantis by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 96,294,105 shares of the company’s stock valued at $1,054,515,000 after acquiring an additional 1,150,400 shares during the last quarter. Norges Bank bought a new stake in shares of Stellantis in the 4th quarter valued at about $553,692,000. Viking Global Investors LP bought a new stake in shares of Stellantis in the 4th quarter valued at about $434,320,000. Bank of Italy lifted its stake in shares of 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 acquiring an additional 3,800,000 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Stellantis by 84.7% in the 1st quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock valued at $166,746,000 after acquiring an additional 10,783,370 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

Key Headlines Impacting Stellantis

Here are the key news stories impacting Stellantis this week:

• Negative Sentiment: Multiple law firms, including Rosen Law Firm, Pomerantz, Schall, Bernstein Liebhard, Robbins Geller, Levi & Korsinsky, and others, issued reminders that a securities class action has been filed against Stellantis and that investors have an upcoming June 8 lead-plaintiff deadline. Article Title
• Negative Sentiment: The lawsuits allege Stellantis (STLA) violated disclosure obligations and hid a deteriorating business trajectory, which could pressure sentiment even if the legal process is still early. Article Title
• Negative Sentiment: Additional notices from other firms reinforce that the class-action story is gaining momentum, keeping legal risk in focus for investors. Article Title

Stellantis Trading Up 0.5%

Shares of STLA stock opened at $7.39 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $7.70 and a two-hundred day moving average price of $8.83. Stellantis has a 12-month low of $6.28 and a 12-month high of $12.22. The firm has a market cap of $27.80 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 0.29 and a beta of 1.41.

Stellantis (NYSE:STLA) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $44.14 billion for the quarter. Equities analysts anticipate that Stellantis will post 0.89 EPS for the current fiscal year.

Stellantis Company Profile

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.