Stellantis N.V. (NYSE:STLA) Receives Consensus Rating of "Hold" from Brokerages

Shares of Stellantis N.V. (NYSE:STLA - Get Free Report) have received a consensus recommendation of "Hold" from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $12.74.

A number of equities analysts have commented on STLA shares. Jefferies Financial Group raised shares of Stellantis from a "hold" rating to a "buy" rating and boosted their price target for the stock from $10.25 to $13.20 in a research note on Wednesday, June 25th. DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Redburn Atlantic cut Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. UBS Group lowered Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Finally, Piper Sandler downgraded Stellantis from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th.

Stellantis Price Performance

Shares of NYSE STLA traded up $0.09 during midday trading on Thursday, hitting $10.37. 28,844,385 shares of the company's stock were exchanged, compared to its average volume of 12,751,380. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.30. The business's fifty day moving average price is $10.04 and its two-hundred day moving average price is $11.35. The company has a market cap of $31.34 billion, a price-to-earnings ratio of 3.04, a PEG ratio of 0.45 and a beta of 1.44. Stellantis has a 12-month low of $8.39 and a 12-month high of $21.05.

Stellantis Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were given a $0.5032 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a yield of 6.07%. Stellantis's payout ratio is currently 22.58%.

Institutional Trading of Stellantis

A number of institutional investors have recently modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new position in Stellantis during the 4th quarter valued at about $29,000. GAMMA Investing LLC raised its holdings in shares of Stellantis by 422.3% during the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock valued at $35,000 after acquiring an additional 2,538 shares in the last quarter. SVB Wealth LLC purchased a new stake in Stellantis in the first quarter worth $35,000. Farther Finance Advisors LLC lifted its stake in Stellantis by 54.5% in the first quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock worth $37,000 after acquiring an additional 1,167 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in Stellantis by 136.5% in the first quarter. Harbour Investments Inc. now owns 3,812 shares of the company's stock valued at $43,000 after acquiring an additional 2,200 shares in the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

About Stellantis

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.