Stellantis (NYSE:STLA) Shares Gap Down - Should You Sell?

Key Points

• Stellantis shares fell 1.9%, opening at $4.21 versus the prior close of $4.37, and remained well below their 50-day and 200-day moving averages.
• Analyst sentiment is broadly negative: recent downgrades from UBS, Morgan Stanley, Bernstein and HSBC helped produce a consensus “Reduce” rating and a $7.38 average price target.
• Stellantis reported quarterly revenue of $49.63 billion and earnings of $0.14 per share, while institutional investors and hedge funds own approximately 59.5% of the stock.

Stellantis N.V. (NYSE:STLA - Get Free Report) shares gapped down prior to trading on Monday. The stock had previously closed at $4.37, but opened at $4.21. Stellantis shares last traded at $4.2050, with a volume of 4,978,597 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. UBS Group lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, August 3rd. Morgan Stanley downgraded shares of Stellantis from an "equal weight" rating to an "underweight" rating and set a $5.20 price target for the company. in a report on Monday, September 14th. Citigroup restated a "neutral" rating on shares of Stellantis in a research report on Thursday, July 9th. Sanford C. Bernstein downgraded shares of Stellantis from a "market perform" rating to an "underperform" rating in a report on Friday, August 7th. Finally, HSBC lowered shares of Stellantis from a "hold" rating to a "reduce" rating in a research report on Friday, July 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $7.38.

Stellantis Stock Down 1.9%

The firm has a 50 day simple moving average of $4.99 and a 200-day simple moving average of $6.22. 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 stock has a market capitalization of $16.13 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 0.35 and a beta of 1.49.

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

Institutional Inflows and Outflows

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

Stellantis Company Profile

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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