Stellantis (NYSE:STLA) Rating Lowered to "Strong Sell" at Zacks Research

Key Points

• Stellantis has been downgraded by Zacks Research from a "hold" to a "strong sell" rating.
• The average target price for Stellantis stock is now $12.74, following various ratings changes from multiple analysts.
• Stellantis shares closed down 0.8% at $9.85 with significant recent trading activity from institutional investors and hedge funds.

Stellantis (NYSE:STLA - Get Free Report) was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

STLA has been the topic of a number of other reports. Bank of America lowered Stellantis from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $16.50 to $11.75 in a research report on Monday, July 7th. Jefferies Financial Group upgraded shares of Stellantis from a "hold" rating to a "buy" rating and boosted their price target for the company from $10.25 to $13.20 in a research note on Wednesday, June 25th. Finally, Wolfe Research downgraded shares of Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $12.74.

Stellantis Stock Down 0.1%

Stellantis stock traded down $0.01 during midday trading on Monday, reaching $9.64. The stock had a trading volume of 8,425,094 shares, compared to its average volume of 11,866,302. The company has a fifty day moving average price of $9.68 and a two-hundred day moving average price of $10.48. Stellantis has a 12 month low of $8.39 and a 12 month high of $16.91. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $29.13 billion, a P/E ratio of 2.83, a PEG ratio of 0.57 and a beta of 1.45.

Institutional Investors Weigh In On Stellantis

Several institutional investors and hedge funds have recently added to or reduced their stakes in STLA. FNY Investment Advisers LLC bought a new position in shares of Stellantis during the 2nd quarter worth approximately $28,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Stellantis during the fourth quarter valued at approximately $29,000. GAMMA Investing LLC lifted its holdings in Stellantis by 422.3% during the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock worth $35,000 after acquiring an additional 2,538 shares during the period. SVB Wealth LLC purchased a new position in Stellantis in the first quarter worth $35,000. Finally, Farther Finance Advisors LLC grew its stake in Stellantis by 54.5% in the 1st 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.