Analysts Set Stellantis (NYSE:STLA) Price Target at $16.49

Shares of Stellantis (NYSE:STLA - Get Free Report) have earned an average recommendation of "Hold" from the fourteen research firms that are currently covering the stock, MarketBeat.com reports. Twelve investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $16.49.

A number of research firms have recently issued reports on STLA. Piper Sandler downgraded shares of Stellantis from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. Cowen started coverage on Stellantis in a report on Thursday, March 6th. They issued a "hold" rating for the company. DZ Bank raised Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. Redburn Atlantic lowered Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. Finally, UBS Group downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of STLA. Virtu Financial LLC raised its holdings in Stellantis by 148.8% in the 3rd quarter. Virtu Financial LLC now owns 48,303 shares of the company's stock worth $679,000 after purchasing an additional 28,891 shares in the last quarter. SkyView Investment Advisors LLC lifted its position in Stellantis by 5.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 181,148 shares of the company's stock valued at $2,552,000 after acquiring an additional 8,988 shares during the period. Te Ahumairangi Investment Management Ltd boosted its stake in Stellantis by 28.3% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company's stock worth $7,408,000 after acquiring an additional 118,635 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Stellantis in the third quarter worth about $1,324,000. Finally, Franklin Resources Inc. increased its stake in shares of Stellantis by 74.7% during the third quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company's stock valued at $102,340,000 after purchasing an additional 3,252,492 shares in the last quarter. Institutional investors own 59.48% of the company's stock.

Stellantis Price Performance

Shares of STLA stock traded up $0.20 during trading on Friday, hitting $9.48. The company had a trading volume of 3,038,478 shares, compared to its average volume of 10,838,252. The stock's 50-day moving average is $11.05 and its two-hundred day moving average is $12.47. The stock has a market capitalization of $28.64 billion, a price-to-earnings ratio of 2.79 and a beta of 1.44. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. Stellantis has a 52 week low of $8.39 and a 52 week high of $23.37.

Stellantis Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 24th will be paid a $0.5032 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a dividend yield of 6.07%. Stellantis's payout ratio is presently 20.82%.

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.