Stellantis N.V. (NYSE:STLA) Receives $12.74 Consensus Target Price from Analysts

Stellantis N.V. (NYSE:STLA - Get Free Report) has received an average rating of "Hold" from the eleven ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $12.7375.

A number of brokerages recently commented on STLA. DZ Bank upgraded Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Redburn Atlantic lowered 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. Bank of America lowered Stellantis from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $16.50 to $11.75 in a research note on Monday, July 7th. Finally, Wolfe Research cut Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd.

Stellantis Stock Up 0.8%

Shares of NYSE STLA traded up $0.07 during trading hours on Monday, hitting $8.81. The stock had a trading volume of 9,968,480 shares, compared to its average volume of 29,637,776. Stellantis has a 52 week low of $8.39 and a 52 week high of $16.92. The firm's 50-day moving average price is $9.81 and its two-hundred day moving average price is $10.91. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new position in shares of Stellantis during the 2nd quarter valued at about $28,000. Mpwm Advisory Solutions LLC purchased a new position in Stellantis during the fourth quarter valued at approximately $29,000. GAMMA Investing LLC grew its holdings in Stellantis by 422.3% in the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock worth $35,000 after purchasing an additional 2,538 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Stellantis during the first quarter worth $35,000. Finally, Farther Finance Advisors LLC lifted its position in Stellantis by 54.5% during the first quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock valued at $37,000 after purchasing an additional 1,167 shares during the period. Hedge funds and other institutional investors own 59.48% of the company's stock.

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.