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

Key Points

• Stellantis has a consensus “Reduce” rating from 19 analysts: six recommend selling, 10 advise holding, one rates it a buy and two rate it a strong buy. The average 12-month price target is $8.66.
• Recent analyst actions have been mixed but largely cautious, including downgrades from UBS to “neutral,” HSBC to “reduce” and Wall Street Zen to “sell,” while Freedom Capital upgraded the stock to “strong buy.”
• Shares opened at $5.38, near the company’s one-year low of $5.25, while institutional investors own 59.48% of the stock. Stellantis reported quarterly revenue of $49.63 billion and earnings of $0.14 per share.

Stellantis N.V. (NYSE:STLA - Get Free Report) has received an average recommendation of "Reduce" from the nineteen research firms that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $8.66.

STLA has been the subject of a number of recent analyst reports. Evercore set a $7.50 price target on shares of Stellantis in a report on Friday, July 31st. Freedom Capital upgraded Stellantis from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 1st. Wall Street Zen cut Stellantis from a "hold" rating to a "sell" rating in a research note on Saturday, August 1st. UBS Group lowered Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, August 3rd. Finally, HSBC cut Stellantis from a "hold" rating to a "reduce" rating in a report on Friday, July 3rd.

Institutional Trading of Stellantis

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in Stellantis in the 4th quarter valued at approximately $553,692,000. Viking Global Investors LP acquired a new stake in shares of Stellantis in the fourth quarter valued at $434,320,000. Marshall Wace LLP raised its stake in shares of Stellantis by 353.2% in the fourth quarter. Marshall Wace LLP now owns 15,145,245 shares of the company's stock valued at $167,481,000 after acquiring an additional 11,803,688 shares in the last quarter. Bank of America Corp DE boosted its holdings in Stellantis by 84.7% in the first quarter. Bank of America Corp DE now owns 23,518,418 shares of the company's stock valued at $166,746,000 after purchasing an additional 10,783,370 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Stellantis by 122.8% in the fourth quarter. Franklin Resources Inc. now owns 18,753,235 shares of the company's stock valued at $205,019,000 after purchasing an additional 10,337,920 shares during the period. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Stock Up 0.5%

Shares of STLA opened at $5.38 on Friday. The stock has a 50 day moving average price of $5.95 and a 200 day moving average price of $7.12. Stellantis has a one year low of $5.25 and a one year high of $12.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.76 and a current ratio of 1.04. The stock has a market capitalization of $20.23 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 0.31 and a beta of 1.45.

Stellantis (NYSE:STLA - Get Free Report) last posted 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 during the quarter. Equities research analysts forecast that Stellantis will post 0.61 earnings per share for the current fiscal year.

About Stellantis

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.

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