Stellantis (NYSE:STLA) Sets New 52-Week Low Following Analyst Downgrade

Key Points

• Stellantis shares hit a new 52-week low of $5.05 after Berenberg Bank downgraded the stock from “buy” to “hold.”
• Analyst sentiment is cautious: MarketBeat reports an average rating of “Reduce,” with 10 holds, seven sells and two strong buys, alongside an average price target of $7.87.
• Institutional investors own 59.48% of Stellantis, while the company reported quarterly EPS of $0.14 on $49.63 billion in revenue; analysts expect full-year EPS of $0.61.

Stellantis N.V. (NYSE:STLA - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday after Berenberg Bank downgraded the stock from a buy rating to a hold rating. The stock traded as low as $5.05 and last traded at $5.0650, with a volume of 989481 shares. The stock had previously closed at $5.11.

STLA has been the subject of a number of other research reports. Evercore set a $7.50 price objective on shares of Stellantis in a report on Friday, July 31st. Truist Financial set a $9.00 price target on Stellantis in a report on Friday, May 22nd. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Stellantis in a research note on Thursday, July 9th. Weiss Ratings downgraded Stellantis from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Friday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Stellantis in a research report on Tuesday, July 14th. 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 stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $7.87.

Institutional Investors Weigh In On Stellantis

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in Stellantis during the fourth quarter valued at approximately $553,692,000. Banco Santander S.A. increased its holdings in Stellantis by 99.9% in the 4th quarter. Banco Santander S.A. now owns 19,046,160 shares of the company's stock valued at $207,413,000 after acquiring an additional 9,520,576 shares during the last quarter. Franklin Resources Inc. boosted its stake in Stellantis by 122.8% during the fourth quarter. Franklin Resources Inc. now owns 18,753,235 shares of the company's stock valued at $205,019,000 after buying an additional 10,337,920 shares during the last quarter. Bank of America Corp DE increased its position in Stellantis by 84.7% in the first 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. Finally, Legal & General Group Plc raised its position in shares of Stellantis by 3.2% during the 4th quarter. Legal & General Group Plc now owns 13,510,286 shares of the company's stock valued at $150,002,000 after buying an additional 421,069 shares in the last quarter. Institutional investors own 59.48% of the company's stock.

Stellantis Price Performance

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 50 day moving average price of $5.51 and a 200-day moving average price of $6.61. The firm has a market capitalization of $19.06 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 0.30 and a beta of 1.44.

Stellantis (NYSE:STLA - Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $49.63 billion during the quarter. On average, analysts expect that Stellantis N.V. will post 0.61 earnings per share for the current year.

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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