Stellantis (NYSE:STLA) Rating Increased to Hold at BNP Paribas

Key Points

• Analysts at BNP Paribas have upgraded Stellantis (NYSE:STLA) to a "hold" rating, indicating a significant shift in their outlook on the company.
• Stellantis currently has a consensus rating of "Reduce" among analysts, with one Buy, eleven Hold, and two Sell ratings, alongside a target price of $12.21.
• Despite the upgrade, Stellantis shares opened at $8.76 and have experienced a decline of 1.8%, reflecting ongoing market challenges.

Stellantis (NYSE:STLA - Get Free Report) was upgraded by analysts at BNP Paribas to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also weighed in on STLA. BNP Paribas Exane began coverage on shares of Stellantis in a research report on Monday. They set a "neutral" rating and a $10.10 target price on the stock. Wolfe Research lowered shares of Stellantis from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, July 2nd. 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 report on Wednesday, June 25th. Zacks Research lowered shares of Stellantis from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Finally, Bank of America lowered shares of Stellantis from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $16.50 to $11.75 in a research report on Monday, July 7th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $12.21.

Stellantis Trading Down 1.8%

Shares of STLA opened at $8.76 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37. The firm's 50-day moving average is $9.55 and its two-hundred day moving average is $10.21. Stellantis has a twelve month low of $8.39 and a twelve month high of $16.29. The firm has a market capitalization of $26.47 billion, a P/E ratio of 2.57, a PEG ratio of 0.53 and a beta of 1.46.

Institutional Trading of Stellantis

Several institutional investors and hedge funds have recently modified their holdings of the business. Straightline Group LLC lifted its holdings in shares of Stellantis by 5.0% in the second quarter. Straightline Group LLC now owns 28,248 shares of the company's stock valued at $283,000 after purchasing an additional 1,352 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in Stellantis by 14.6% during the second quarter. Orion Porfolio Solutions LLC now owns 23,158 shares of the company's stock worth $232,000 after acquiring an additional 2,943 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in Stellantis during the second quarter worth approximately $273,000. MASTERINVEST Kapitalanlage GmbH acquired a new stake in Stellantis during the second quarter worth approximately $206,000. Finally, TT Capital Management LLC acquired a new stake in Stellantis during the second quarter worth approximately $197,000. 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.

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