Stellantis (NYSE:STLA) Rating Lowered to "Underperform" at Wolfe Research

Wolfe Research cut shares of Stellantis (NYSE:STLA - Free Report) from a peer perform rating to an underperform rating in a research note issued to investors on Wednesday, MarketBeat.com reports.

A number of other equities research analysts have also recently commented on STLA. Redburn Atlantic cut shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. DZ Bank raised shares of Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Piper Sandler cut shares of Stellantis from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. UBS Group downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, April 14th. Finally, Jefferies Financial Group raised Stellantis from a "hold" rating to a "buy" rating and raised their price target for the company from $10.25 to $13.20 in a report on Wednesday, June 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $13.07.

Stellantis Stock Performance

STLA traded up $0.09 during midday trading on Wednesday, reaching $10.31. The company had a trading volume of 23,564,917 shares, compared to its average volume of 12,279,130. The business has a 50-day moving average of $9.94 and a two-hundred day moving average of $11.46. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.30. Stellantis has a 1 year low of $8.39 and a 1 year high of $21.05. The company has a market cap of $31.17 billion, a P/E ratio of 3.02 and a beta of 1.44.

Stellantis Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were paid a $0.5032 dividend. This represents a yield of 6.07%. The ex-dividend date was Wednesday, April 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in STLA. Mpwm Advisory Solutions LLC purchased a new stake in shares of Stellantis in the fourth quarter worth about $29,000. SVB Wealth LLC bought a new stake in Stellantis in the 1st quarter worth approximately $35,000. GAMMA Investing LLC raised its holdings in shares of Stellantis by 422.3% during the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock worth $35,000 after acquiring an additional 2,538 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Stellantis by 54.5% during the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock valued at $37,000 after acquiring an additional 1,167 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Stellantis in the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 59.48% of the company's stock.

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.