Stellantis (NYSE:STLA) Hits New 12-Month Low - Here's What Happened

Key Points

• Stellantis shares hit a new 52-week low, trading as low as $4.43 and falling 4% from the prior close. The stock remains below its 50-day and 200-day moving averages.
• Analyst sentiment has weakened, with recent downgrades from Bernstein and Berenberg. MarketBeat reports an average rating of “Reduce” and a consensus price target of $7.45.
• Stellantis reported quarterly revenue of $49.63 billion and earnings of $0.14 per share, while hedge funds and other institutional investors own approximately 59.48% of the company.

Stellantis N.V. (NYSE:STLA - Get Free Report)'s share price hit a new 52-week low on Tuesday. The stock traded as low as $4.43 and last traded at $4.3950, with a volume of 11823779 shares changing hands. The stock had previously closed at $4.62.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Stellantis from a "strong sell" rating to a "sell" rating in a research note on Saturday, September 19th. Sanford C. Bernstein lowered shares of Stellantis from a "market perform" rating to an "underperform" rating in a research note on Friday, August 7th. Evercore set a $7.50 target price on Stellantis in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Stellantis in a research note on Tuesday, July 14th. Finally, Berenberg Bank cut Stellantis from a "buy" rating to a "hold" rating in a research note on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and seven have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $7.45.

Stellantis Stock Down 4.0%

The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $16.69 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.32 and a beta of 1.44. The stock has a fifty day moving average of $5.35 and a 200-day moving average of $6.44.

Stellantis (NYSE:STLA - Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $0.14 EPS for the quarter. The company had revenue of $49.63 billion for the quarter. As a group, sell-side analysts expect that Stellantis N.V. will post 0.51 EPS for the current year.

Institutional Trading of Stellantis

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

About Stellantis

Stellantis N.V. is a global automotive company that designs, engineers, manufactures and sells passenger cars, light commercial vehicles and related mobility products and services. Its portfolio includes brands such as Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot and Ram.

The company serves customers across North America, Europe, South America, the Middle East and Africa, and other international markets. Its operations include vehicle manufacturing and distribution, financing and leasing, aftermarket parts and services, and the development of connected, electric and software-enabled vehicle technologies.

Stellantis was created in 2021 through the merger of Fiat Chrysler Automobiles and France's Groupe PSA.

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