Stellantis (NYSE:STLA) Rating Lowered to Neutral at Bank of America

Bank of America lowered shares of Stellantis (NYSE:STLA - Free Report) from a buy rating to a neutral rating in a research report sent to investors on Monday, Marketbeat.com reports. They currently have $11.75 target price on the stock, down from their prior target price of $16.50.

A number of other equities analysts have also recently weighed in on STLA. Redburn Atlantic cut Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. UBS Group cut Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, April 14th. Piper Sandler cut Stellantis from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $23.00 to $13.00 in a report on Thursday, March 20th. Wolfe Research cut Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. Finally, DZ Bank raised Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Stellantis presently has a consensus rating of "Hold" and an average target price of $12.74.

Stellantis Stock Performance

Stellantis stock traded up $0.34 during trading hours on Monday, hitting $10.14. 23,144,045 shares of the stock traded hands, compared to its average volume of 12,538,377. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.09 and a quick ratio of 0.81. The firm's 50 day moving average price is $10.01 and its 200-day moving average price is $11.37. The stock has a market capitalization of $30.64 billion, a price-to-earnings ratio of 2.98 and a beta of 1.44. Stellantis has a 1 year low of $8.39 and a 1 year high of $21.05.

Stellantis Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in Stellantis by 208.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 95,367,261 shares of the company's stock valued at $1,069,067,000 after acquiring an additional 64,406,866 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Stellantis by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 87,342,145 shares of the company's stock worth $979,629,000 after buying an additional 2,791,016 shares during the last quarter. Amundi increased its holdings in shares of Stellantis by 6.4% during the 1st quarter. Amundi now owns 78,473,374 shares of the company's stock worth $801,213,000 after buying an additional 4,708,200 shares during the last quarter. Norges Bank acquired a new stake in shares of Stellantis during the 4th quarter worth $609,076,000. Finally, Deutsche Bank AG acquired a new stake in shares of Stellantis during the 1st quarter worth $368,520,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

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.