Stellantis (NYSE:STLA) Shares Gap Up - Still a Buy?

Key Points

• Stellantis shares opened higher, rising from a previous close of $4.60 to $4.74 before trading around $4.68.
• Analyst sentiment remains cautious: the stock carries an average “Reduce” rating, with two Strong Buys, ten Holds, and seven Sells. The average price target is $7.45, while Morgan Stanley’s target is $5.20.
• Stellantis reported quarterly earnings of $0.14 per share on $49.63 billion in revenue, and institutional investors own approximately 59.48% of the company.

Stellantis N.V. (NYSE:STLA - Get Free Report)'s share price gapped up before the market opened on Monday. The stock had previously closed at $4.60, but opened at $4.74. Stellantis shares last traded at $4.6750, with a volume of 4,333,329 shares traded.

Analysts Set New Price Targets

Several research firms have commented on STLA. TD Cowen reiterated a "hold" rating on shares of Stellantis in a research note on Wednesday, August 26th. JPMorgan Chase & Co. restated a "neutral" rating on shares of Stellantis in a research note on Thursday, July 9th. Berenberg Bank lowered Stellantis from a "buy" rating to a "hold" rating in a report on Wednesday, September 16th. Wall Street Zen raised Stellantis from a "strong sell" rating to a "sell" rating in a research report on Saturday, September 19th. Finally, Morgan Stanley lowered 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. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $7.45.

Stellantis Price Performance

The firm has a market cap of $17.30 billion, a PE ratio of 11.81, a P/E/G ratio of 0.32 and a beta of 1.44. 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 business's fifty day moving average is $5.37 and its 200-day moving average is $6.45.

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

Hedge Funds Weigh In On Stellantis

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

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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