Stellantis (NYSE:STLA) Hits New 12-Month Low - Should You Sell?

Key Points

• Stellantis shares fell to a new 52-week low of $4.73, down from the prior close of $4.83 and below both its 50-day and 200-day moving averages.
• Analyst sentiment has weakened, with several firms downgrading the stock; the consensus rating is “Reduce” with an average price target of $7.45.
• The automaker reported quarterly revenue of $49.63 billion and earnings of $0.14 per share, while analysts expect full-year earnings of $0.51 per share; institutional investors own 59.48% of the stock.

Shares of Stellantis N.V. (NYSE:STLA - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $4.73 and last traded at $4.7250, with a volume of 3264463 shares trading hands. The stock had previously closed at $4.83.

Analyst Ratings Changes

Several equities research analysts recently issued reports on STLA shares. Weiss Ratings downgraded shares of Stellantis from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Friday, September 4th. Morgan Stanley cut shares of Stellantis from an "equal weight" rating to an "underweight" rating and set a $5.20 price objective for the company. in a research report on Monday, September 14th. Berenberg Bank lowered Stellantis from a "buy" rating to a "hold" rating in a research report on Wednesday, September 16th. Citigroup reiterated a "neutral" rating on shares of Stellantis in a research note on Thursday, July 9th. Finally, UBS Group downgraded Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $7.45.

Stellantis Stock Down 2.4%

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 0.76. The firm's 50-day moving average price is $5.45 and its 200 day moving average price is $6.51. The firm has a market cap of $17.75 billion, a P/E ratio of 12.09, a PEG ratio of 0.33 and a beta of 1.44.

Stellantis (NYSE:STLA - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $49.63 billion during the quarter. On average, equities research analysts expect that Stellantis N.V. will post 0.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its position in 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 acquiring an additional 4,190 shares during the period. Sarver Vrooman Wealth Advisors acquired a new position in shares of Stellantis during the fourth quarter valued at $52,000. MinichMacGregor Wealth Management LLC acquired a new position in shares of Stellantis during the first quarter valued at $73,000. MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Stellantis during the second quarter valued at about $65,000. Finally, Summit Financial Strategies Inc. bought a new stake in shares of Stellantis during the first quarter valued at about $83,000. 59.48% of the stock is currently owned by institutional investors.

About Stellantis

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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