Stellantis (NYSE:STLA) Rating Lowered to "Strong Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Stellantis to “strong sell” from “sell,” while the broader analyst consensus remains “Reduce” with an average price target of $8.66.
• Stellantis shares opened at $5.42, near their one-year low of $5.05 and below both the 50-day and 200-day moving averages. The stock has a market capitalization of approximately $20.4 billion.
• The company reported quarterly earnings of $0.14 per share on revenue of $49.63 billion, while institutional investors own about 59.48% of Stellantis stock.

Stellantis (NYSE:STLA - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research report issued on Saturday.

A number of other equities research analysts also recently weighed in on STLA. Truist Financial set a $9.00 price target on shares of Stellantis in a report on Friday, May 22nd. Evercore set a $7.50 price objective on shares of Stellantis in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Stellantis in a report on Tuesday, July 14th. Citigroup reissued a "neutral" rating on shares of Stellantis in a research note on Thursday, July 9th. Finally, Freedom Capital upgraded shares of Stellantis from a "hold" rating to a "strong-buy" rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $8.66.

Stellantis Stock Up 3.0%

STLA opened at $5.42 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.76 and a current ratio of 1.04. The company has a market capitalization of $20.40 billion, a PE ratio of 13.90, a P/E/G ratio of 0.30 and a beta of 1.45. The stock's fifty day moving average is $5.75 and its 200-day moving average is $6.95. Stellantis has a one year low of $5.05 and a one year high of $12.22.

Stellantis (NYSE:STLA - Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $49.63 billion for the quarter. On average, equities analysts predict that Stellantis will post 0.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Stellantis

A number of institutional investors have recently bought and sold shares of STLA. United Community Bank purchased a new stake in Stellantis during the fourth quarter valued at about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of Stellantis by 113.6% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company's stock worth $36,000 after acquiring an additional 1,755 shares in the last quarter. Intesa Sanpaolo Wealth Management purchased a new position in shares of Stellantis in the fourth quarter worth approximately $49,000. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Stellantis during the fourth quarter valued at approximately $52,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Stellantis by 63.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company's stock valued at $63,000 after acquiring an additional 2,448 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company's stock.

About Stellantis

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.

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