Nomura upgraded shares of Stellantis (NYSE:STLA – Free Report) from a neutral rating to a buy rating in a report released on Wednesday, MarketBeat.com reports.
A number of other research firms also recently issued reports on STLA. Barclays upgraded Stellantis to a strong-buy rating in a report on Monday, June 17th. Deutsche Bank Aktiengesellschaft downgraded Stellantis from a buy rating to a hold rating in a report on Monday, July 29th. Sanford C. Bernstein assumed coverage on Stellantis in a report on Friday, June 28th. They set a market perform rating and a $23.50 price target for the company. Finally, Morgan Stanley raised their price target on Stellantis from $26.00 to $30.40 and gave the company an overweight rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $30.97.
View Our Latest Stock Report on STLA
Stellantis Stock Performance
Institutional Investors Weigh In On Stellantis
Several institutional investors have recently modified their holdings of the business. National Bank of Canada FI boosted its position in shares of Stellantis by 0.9% during the second quarter. National Bank of Canada FI now owns 298,925 shares of the company’s stock valued at $5,940,000 after buying an additional 2,618 shares during the last quarter. Privium Fund Management UK Ltd purchased a new position in Stellantis in the second quarter worth about $1,022,000. Rhumbline Advisers boosted its position in Stellantis by 9.0% in the second quarter. Rhumbline Advisers now owns 25,081 shares of the company’s stock worth $498,000 after purchasing an additional 2,070 shares during the last quarter. Barlow Wealth Partners Inc. boosted its position in Stellantis by 3.4% in the second quarter. Barlow Wealth Partners Inc. now owns 426,722 shares of the company’s stock worth $8,364,000 after purchasing an additional 13,838 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in Stellantis in the second quarter worth about $812,000. 59.48% of the stock is owned by hedge funds and other institutional investors.
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.
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