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

Key Points

• Stellantis shares hit a new 52-week low, falling as much as 4.5% to $3.87 and trading below the previous close of $4.11.
• The automaker’s latest quarterly results missed expectations: it reported a loss of $0.01 per share versus forecasts for $0.25 in earnings, while revenue of $42.6 billion came in below the $46.96 billion consensus.
• Analyst sentiment is cautious, with a consensus rating of “Reduce” and an average price target of $7.38; the article notes 7 Sell ratings and 10 Hold ratings.

Stellantis N.V. (NYSE:STLA - Get Free Report) shares hit a new 52-week low on Thursday. The company traded as low as $3.87 and last traded at $3.9150, with a volume of 16,731,355 shares. The stock had previously closed at $4.11.

Analyst Upgrades and Downgrades

Several analysts have issued reports on STLA shares. HSBC restated a "reduce" rating on shares of Stellantis in a report on Friday, October 23rd. Evercore set a $7.50 target price on shares of Stellantis in a report on Friday, July 31st. Piper Sandler downgraded shares of Stellantis from an "overweight" rating to an "underweight" rating and set a $4.00 target price on the stock. in a research report on Monday, July 27th. Morgan Stanley lowered shares of Stellantis from an "equal weight" rating to an "underweight" rating and set a $5.20 price target on the stock. in a report on Monday, September 14th. Finally, Wall Street Zen upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a research report on Sunday, November 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $7.38.

Stellantis Trading Down 4.5%

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.72 and a current ratio of 1.02. The stock has a market cap of $14.77 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 0.41 and a beta of 1.48. The company's 50 day simple moving average is $4.65 and its two-hundred day simple moving average is $6.39.

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 business had revenue of $42.60 billion for the quarter, compared to the consensus estimate of $46.96 billion. Research analysts expect that Stellantis N.V. will post 0.37 EPS for the current fiscal year.

Institutional Trading of Stellantis

A number of institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its position in Stellantis by 84.7% in the 1st quarter. Bank of America Corp DE now owns 23,518,418 shares of the company's stock worth $166,746,000 after purchasing an additional 10,783,370 shares during the last quarter. Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Stellantis by 2.1% during the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 8,963,036 shares of the company's stock valued at $39,679,000 after buying an additional 180,491 shares during the last quarter. M&G PLC grew its stake in shares of Stellantis by 2.4% in the 3rd quarter. M&G PLC now owns 7,289,042 shares of the company's stock valued at $33,038,000 after buying an additional 170,554 shares in the last quarter. Swiss National Bank grew its stake in shares of Stellantis by 26.8% in the 1st quarter. Swiss National Bank now owns 6,981,716 shares of the company's stock valued at $48,774,000 after buying an additional 1,477,637 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Stellantis by 19.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,501,139 shares of the company's stock valued at $24,810,000 after buying an additional 574,048 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.

About Stellantis

Stellantis N.V. is a global automaker formed in 2021 through the merger of Fiat Chrysler Automobiles and France's Groupe PSA. Headquartered in Amsterdam, the company designs, manufactures and sells passenger cars, light commercial vehicles and related mobility products and services. Its portfolio includes brands such as Jeep, Ram, Dodge, Chrysler, Fiat, Peugeot, Citroën, Opel, Vauxhall, Alfa Romeo and Maserati. Stellantis also develops electric and hybrid vehicles, automotive software and components, and offers financing and other services in some markets.

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