Stellantis (NYSE:STLA) Sets New 1-Year Low – Here’s Why

Shares of Stellantis N.V. (NYSE:STLA) reached a new 52-week low during trading on Monday . The stock traded as low as $5.61 and last traded at $5.6770, with a volume of 3120077 shares changing hands. The stock had previously closed at $5.68.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on STLA. Citigroup reiterated a “neutral” rating on shares of Stellantis in a research report on Tuesday, June 9th. Zacks Research raised Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. TD Cowen reiterated a “hold” rating on shares of Stellantis in a report on Friday, May 22nd. Wall Street Zen raised Stellantis from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Truist Financial set a $9.00 target price on shares of Stellantis in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $10.65.

Stellantis Price Performance

The stock has a market cap of $21.13 billion, a price-to-earnings ratio of 22.46, a P/E/G ratio of 0.37 and a beta of 1.41. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.50. The company’s fifty day moving average is $7.38 and its two-hundred day moving average is $8.37.

Stellantis (NYSE:STLA) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The firm had revenue of $44.14 billion for the quarter. As a group, research analysts predict that Stellantis N.V. will post 0.55 earnings per share for the current year.

Hedge Funds Weigh In On Stellantis

Several institutional investors have recently bought and sold shares of STLA. United Community Bank acquired a new stake in shares of Stellantis during the fourth quarter worth about $26,000. Flagship Harbor Advisors LLC acquired a new position in shares of Stellantis in the fourth quarter valued at approximately $27,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in shares of Stellantis by 113.6% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock valued at $36,000 after purchasing an additional 1,755 shares in the last quarter. Montag A & Associates Inc. purchased a new stake in Stellantis during the 3rd quarter worth approximately $34,000. Finally, Cromwell Holdings LLC increased its stake in Stellantis by 1,402.0% during the 4th quarter. Cromwell Holdings LLC now owns 3,725 shares of the company’s stock worth $41,000 after buying an additional 3,477 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

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.