Stellantis (NYSE:STLA) Receives $30.28 Average Price Target from Brokerages

Shares of Stellantis (NYSE:STLA - Get Free Report) have been given a consensus rating of "Hold" by the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $30.28.

A number of research firms recently issued reports on STLA. HSBC lowered Stellantis from a "buy" rating to a "hold" rating in a research report on Wednesday, January 24th. Nomura reaffirmed a "neutral" rating on shares of Stellantis in a report on Wednesday, March 13th. Redburn Atlantic started coverage on shares of Stellantis in a research note on Wednesday, January 24th. They set a "buy" rating for the company. Berenberg Bank restated a "hold" rating on shares of Stellantis in a research note on Tuesday, March 26th. Finally, Morgan Stanley boosted their price objective on Stellantis from $26.00 to $30.40 and gave the stock an "overweight" rating in a research report on Thursday, April 11th.

Stellantis Trading Down 1.1 %

Shares of NYSE:STLA traded down $0.25 during trading on Friday, reaching $22.58. 5,033,237 shares of the company's stock traded hands, compared to its average volume of 6,839,715. Stellantis has a 12 month low of $15.07 and a 12 month high of $29.51. The company has a 50 day moving average of $25.76 and a 200-day moving average of $23.83. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95.

Stellantis Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd were issued a $1.147 dividend. The ex-dividend date of this dividend was Monday, April 22nd. This represents a dividend yield of 4.55%.

Insider Buying and Selling

In other Stellantis news, major shareholder N.V. Stellantis purchased 800,000 shares of the business's stock in a transaction on Wednesday, March 13th. The stock was bought at an average cost of $5.36 per share, with a total value of $4,288,000.00. Following the acquisition, the insider now owns 37,851,720 shares of the company's stock, valued at $202,885,219.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought a total of 3,150,000 shares of company stock valued at $15,724,500 over the last three months. Company insiders own 0.02% of the company's stock.

Institutional Investors Weigh In On Stellantis

Several hedge funds have recently modified their holdings of STLA. Raymond James & Associates raised its stake in Stellantis by 721.5% during the 3rd quarter. Raymond James & Associates now owns 228,819 shares of the company's stock valued at $4,377,000 after purchasing an additional 200,964 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Stellantis by 188.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 43,629 shares of the company's stock valued at $835,000 after purchasing an additional 28,497 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Stellantis by 309.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,983 shares of the company's stock worth $1,396,000 after purchasing an additional 55,163 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Stellantis by 9.6% during the third quarter. Signaturefd LLC now owns 71,368 shares of the company's stock worth $1,365,000 after purchasing an additional 6,269 shares during the period. Finally, Syon Capital LLC purchased a new position in Stellantis during the third quarter valued at approximately $227,000. 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.