Stellantis (NYSE:STLA) Raised to Hold at Zacks Research

Key Points

• Stellantis has been upgraded by Zacks Research from a "strong sell" to a "hold" rating, indicating a change in sentiment regarding the company's stock performance.
• The stock has a current consensus rating of "Hold" and a target price of $12.04, with varying ratings from other analysts, including upgrades and downgrades in recent months.
• Stellantis stock has seen an uptick of 0.5% recently and is trading around $10.85, with a market cap of approximately $32.79 billion.

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

STLA has been the topic of several other reports. Bank of America cut Stellantis from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $16.50 to $11.75 in a report on Monday, July 7th. Berenberg Bank raised Stellantis from a "hold" rating to a "buy" rating and set a $11.20 price objective on the stock in a report on Friday, September 19th. BNP Paribas Exane started coverage on Stellantis in a report on Monday, September 8th. They set a "neutral" rating and a $10.10 price objective on the stock. Wolfe Research cut Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Stellantis in a report on Saturday, September 27th. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $12.04.

Stellantis Stock Up 0.5%

NYSE STLA opened at $10.85 on Monday. The stock's 50 day moving average is $9.55 and its 200 day moving average is $9.82. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37. Stellantis has a 12 month low of $8.39 and a 12 month high of $14.28. The stock has a market cap of $32.79 billion, a PE ratio of 3.18, a P/E/G ratio of 0.68 and a beta of 1.52.

Institutional Trading of Stellantis

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC purchased a new stake in Stellantis during the 2nd quarter valued at $28,000. SVB Wealth LLC bought a new position in Stellantis in the 1st quarter valued at $35,000. GAMMA Investing LLC grew its position in Stellantis by 422.3% in the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock valued at $35,000 after acquiring an additional 2,538 shares during the last quarter. Farther Finance Advisors LLC grew its position 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 acquiring an additional 1,167 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in Stellantis in the 2nd quarter valued at $37,000. 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.

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