Stellantis (NYSE:STLA) Downgraded by Berenberg Bank to "Hold"

Key Points

• Berenberg Bank downgraded Stellantis from “Buy” to “Hold,” adding to a generally cautious analyst outlook. MarketBeat reports an average rating of “Reduce” and a consensus price target of $7.87.
• Stellantis shares opened at $5.12, near their 52-week low of $5.05 and below the 50-day and 200-day moving averages of $5.51 and $6.61, respectively.
• The automaker reported quarterly EPS of $0.14 on revenue of $49.63 billion, while analysts expect full-year EPS of $0.61. Institutional investors own approximately 59.48% of the company.

Stellantis (NYSE:STLA - Get Free Report) was downgraded by stock analysts at Berenberg Bank from a "buy" rating to a "hold" rating in a research note issued to investors on Wednesday, Briefing.com reports.

STLA has been the topic of a number of other reports. Truist Financial set a $9.00 price objective on Stellantis in a research report on Friday, May 22nd. UBS Group downgraded Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Stellantis in a research note on Tuesday, July 14th. Morgan Stanley downgraded shares of Stellantis from an "equal weight" rating to an "underweight" rating and set a $5.20 target price on the stock. in a research note on Monday. Finally, Weiss Ratings lowered shares of Stellantis from a "sell (d-)" rating to a "sell (e+)" rating in a report on Friday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $7.87.

Stellantis Stock Performance

Shares of NYSE STLA opened at $5.12 on Wednesday. Stellantis has a 52-week low of $5.05 and a 52-week high of $12.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.76 and a current ratio of 1.04. The firm's fifty day moving average is $5.51 and its two-hundred day moving average is $6.61. The company has a market cap of $19.25 billion, a P/E ratio of 13.12, a P/E/G ratio of 0.30 and a beta of 1.44.

Stellantis (NYSE:STLA - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $49.63 billion during the quarter. As a group, analysts anticipate that Stellantis will post 0.61 EPS for the current fiscal year.

Institutional Trading of Stellantis

Several large investors have recently added to or reduced their stakes in STLA. IFP Advisors Inc lifted its holdings in shares of Stellantis by 1,534.8% during the second quarter. IFP Advisors Inc now owns 4,463 shares of the company's stock worth $26,000 after purchasing an additional 4,190 shares during the period. Sarver Vrooman Wealth Advisors acquired a new stake in Stellantis during the 4th quarter valued at approximately $52,000. MASTERINVEST Kapitalanlage GmbH acquired a new stake in Stellantis during the 2nd quarter valued at approximately $65,000. MinichMacGregor Wealth Management LLC acquired a new stake in shares of Stellantis in the first quarter worth $73,000. Finally, Taylor & Morgan Wealth Management LLC purchased a new position in shares of Stellantis during the second quarter worth $75,000. Hedge funds and other institutional investors own 59.48% of the company's stock.

Stellantis Company Profile

Stellantis N.V. NYSE: STLA is a global automaker that designs, develops, manufactures and sells passenger cars, light commercial vehicles and related mobility products and services. The company serves customers across North America, Europe, South America, the Middle East, Africa and other international markets.

Stellantis' portfolio includes a broad range of vehicle brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall.

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