Stellantis (NYSE:STLA) Downgraded to Neutral Rating by Bank of America

Stellantis (NYSE:STLA - Get Free Report) was downgraded by research analysts at Bank of America from a "buy" rating to a "neutral" rating in a report issued on Monday,Briefing.com Automated Import reports. They presently have a $11.75 target price on the stock. Bank of America's price objective would suggest a potential upside of 13.91% from the stock's current price.

A number of other equities research analysts have also recently commented on the company. DZ Bank raised 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 dropped their price target for the stock 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 research report on Monday, April 14th. Wolfe Research cut shares of Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. Finally, Jefferies Financial Group upgraded shares of Stellantis from a "hold" rating to a "buy" rating and upped their target price for the stock from $10.25 to $13.20 in a research note on Wednesday, June 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $12.74.

Stellantis Price Performance

STLA stock opened at $10.32 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.81 and a current ratio of 1.09. The firm has a 50 day moving average price of $10.00 and a 200-day moving average price of $11.39. Stellantis has a 52-week low of $8.39 and a 52-week high of $21.05. The firm has a market capitalization of $31.18 billion, a price-to-earnings ratio of 3.02 and a beta of 1.44.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings in Stellantis by 208.0% in the first quarter. Goldman Sachs Group Inc. now owns 95,367,261 shares of the company's stock worth $1,069,067,000 after purchasing an additional 64,406,866 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Stellantis by 3.3% in 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 grew its holdings in shares of Stellantis by 6.4% in the first quarter. Amundi now owns 78,473,374 shares of the company's stock worth $801,213,000 after acquiring an additional 4,708,200 shares during the period. Norges Bank purchased a new stake in Stellantis during the fourth quarter valued at $609,076,000. Finally, Deutsche Bank AG bought a new position in Stellantis in the first quarter valued at about $368,520,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

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.

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