Stellantis (NYSE:STLA) Stock Bumped Up to Hold by Wall Street Zen

Key Points

• Wall Street Zen upgraded Stellantis from “strong sell” to “hold,” while the broader analyst consensus remains “Reduce,” with an average price target of $7.38.
• Stellantis shares opened at $4.64, down 1.3%, and remain well below their 200-day moving average of $6.60. The stock has traded between $3.92 and $12.22 over the past year.
• The automaker reported a quarterly EPS loss of $0.01, missing the $0.25 consensus estimate, while revenue of $42.60 billion fell short of forecasts for $46.94 billion.

Stellantis (NYSE:STLA - Get Free Report) was upgraded by analysts at Wall Street Zen from a "strong sell" rating to a "hold" rating in a report issued on Sunday, Wall Street Zen reports.

A number of other research firms have also recently weighed in on STLA. Berenberg Bank cut shares of Stellantis from a "buy" rating to a "hold" rating in a research report on Wednesday, September 16th. Evercore set a $7.50 target price on Stellantis in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Stellantis in a research report on Tuesday, July 14th. TD Cowen reiterated a "hold" rating on shares of Stellantis in a report on Wednesday, August 26th. Finally, Piper Sandler lowered Stellantis from an "overweight" rating to an "underweight" rating and set a $4.00 price target on the stock. in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $7.38.

Stellantis Trading Down 1.3%

Shares of STLA stock opened at $4.64 on Friday. The firm has a market cap of $17.46 billion, a P/E ratio of 11.90, a PEG ratio of 0.40 and a beta of 1.49. The firm's 50-day simple moving average is $4.79 and its 200-day simple moving average is $6.60. Stellantis has a 1-year low of $3.92 and a 1-year high of $12.22. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.02 and a quick ratio of 0.76.

Stellantis (NYSE:STLA - Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.26). The firm had revenue of $42.60 billion during the quarter, compared to analyst estimates of $46.94 billion. As a group, equities analysts forecast that Stellantis will post 0.42 EPS for the current year.

Hedge Funds Weigh In On Stellantis

A number of institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc lifted its position in shares of Stellantis by 1,534.8% during the 2nd quarter. IFP Advisors Inc now owns 4,463 shares of the company's stock worth $26,000 after buying an additional 4,190 shares during the period. SYM FINANCIAL Corp bought a new stake in Stellantis during the 3rd quarter worth about $45,000. Apollon Wealth Management LLC acquired a new stake in shares of Stellantis in the third quarter valued at approximately $54,000. Versant Capital Management Inc raised its position in shares of Stellantis by 31.4% during the third quarter. Versant Capital Management Inc now owns 14,496 shares of the company's stock worth $64,000 after acquiring an additional 3,467 shares during the last quarter. Finally, MASTERINVEST Kapitalanlage GmbH acquired a new position in Stellantis during the 2nd quarter valued at about $65,000. 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 automotive company formed in 2021 through the merger of Fiat Chrysler Automobiles and Groupe PSA. The company designs, engineers, manufactures and sells passenger cars, light commercial vehicles and mobility solutions across markets worldwide.

Stellantis operates a broad portfolio of automotive brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall. Its products range from mass-market cars and sport utility vehicles to commercial vans, performance vehicles and luxury automobiles.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.