Stellantis (NYSE:STLA) Hits New 1-Year Low - Here's What Happened

Key Points

• Stellantis shares hit a new 52-week low, falling to $4.19 and last trading at $4.295, down 1.7% from the prior close.
• Analyst sentiment has weakened, with multiple firms downgrading the stock; MarketBeat reports a consensus rating of “Reduce” and an average price target of $7.38.
• Stellantis reported quarterly EPS of $0.14 on $49.63 billion in revenue, while institutional investors and hedge funds collectively own 59.48% of the company.

Stellantis N.V. (NYSE:STLA - Get Free Report) shares hit a new 52-week low on Tuesday. The company traded as low as $4.19 and last traded at $4.2950, with a volume of 31,140,743 shares changing hands. The stock had previously closed at $4.37.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Berenberg Bank downgraded shares of Stellantis from a "buy" rating to a "hold" rating in a research report on Wednesday, September 16th. Piper Sandler cut shares of Stellantis from an "overweight" rating to an "underweight" rating and set a $4.00 price objective on the stock. in a research report on Monday, July 27th. UBS Group lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, August 3rd. Wall Street Zen raised shares of Stellantis from a "strong sell" rating to a "sell" rating in a research note on Saturday, September 19th. Finally, Freedom Broker lowered their target price on Stellantis from $7.50 to $6.80 and set a "buy" rating for the company in a report on Tuesday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $7.38.

Stellantis Stock Down 1.7%

The company has a market capitalization of $16.17 billion, a P/E ratio of 11.01, a PEG ratio of 0.35 and a beta of 1.49. The firm's 50 day moving average price is $4.97 and its two-hundred day moving average price is $6.20. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.59.

Stellantis (NYSE:STLA - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $49.63 billion during the quarter. Equities research analysts forecast that Stellantis N.V. will post 0.44 EPS for the current year.

Institutional Investors Weigh In On Stellantis

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. lifted its position in Stellantis by 7,589.8% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 553,669 shares of the company's stock worth $2,597,000 after buying an additional 546,469 shares in the last quarter. Ellsworth Advisors LLC acquired a new position in shares of Stellantis during the 3rd quarter worth about $2,022,000. WealthPLAN Partners LLC acquired a new position in shares of Stellantis during the 3rd quarter worth about $71,000. KMG Fiduciary Partners LLC bought a new position in shares of Stellantis in the 3rd quarter valued at about $78,000. Finally, Taylor & Morgan Wealth Management LLC grew its holdings in shares of Stellantis by 84.6% in the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 24,000 shares of the company's stock valued at $105,000 after acquiring an additional 11,000 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

About Stellantis

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.

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