Stellantis N.V. (NYSE:STLA) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Stellantis N.V. has received a consensus rating of "Hold" from 15 research firms, with two sell, eleven hold, and two buy recommendations.
• The average 12-month price target for Stellantis is $12.0417, indicating moderate optimism among analysts.
• Institutional ownership of Stellantis is significant, with 59.48% of the stock held by hedge funds and other institutional investors.

Shares of Stellantis N.V. (NYSE:STLA - Get Free Report) have been assigned a consensus rating of "Hold" from the fifteen research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $12.0417.

STLA has been the subject of several research analyst reports. Berenberg Bank raised shares of Stellantis from a "hold" rating to a "buy" rating and set a $11.20 target price for the company in a research note on Friday. Wolfe Research cut Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. BNP Paribas upgraded Stellantis to a "hold" rating in a research report on Tuesday, September 9th. Bank of America cut Stellantis from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $16.50 to $11.75 in a report on Monday, July 7th. Finally, Jefferies Financial Group raised shares of Stellantis from a "hold" rating to a "buy" rating and raised their target price for the company from $10.25 to $13.20 in a report on Wednesday, June 25th.

Stellantis Trading Down 1.7%

STLA stock opened at $9.72 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. Stellantis has a 1-year low of $8.39 and a 1-year high of $16.29. The business has a 50 day simple moving average of $9.48 and a two-hundred day simple moving average of $10.00. The company has a market capitalization of $29.37 billion, a price-to-earnings ratio of 2.85, a PEG ratio of 0.59 and a beta of 1.46.

Institutional Trading of Stellantis

Several hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC purchased a new stake in Stellantis during the second quarter valued at approximately $28,000. GAMMA Investing LLC boosted its position 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 buying an additional 2,538 shares during the period. SVB Wealth LLC bought a new position in shares of Stellantis during the first quarter valued at approximately $35,000. Farther Finance Advisors LLC raised its holdings in shares of 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 buying an additional 1,167 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Stellantis during the 2nd quarter worth approximately $37,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Company Profile

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.

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