Stellantis (NYSE:STLA) Receives Average Rating of "Hold" from Analysts

Shares of Stellantis (NYSE:STLA - Get Free Report) have received a consensus rating of "Hold" from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Twelve research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $16.49.

STLA has been the subject of several recent analyst reports. Cowen initiated coverage on shares of Stellantis in a report on Thursday, March 6th. They issued a "hold" rating for the company. TD Cowen initiated coverage on shares of Stellantis in a research note on Friday, March 7th. They set a "hold" rating and a $13.00 target price for the company. DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Piper Sandler cut Stellantis from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. Finally, Redburn Atlantic lowered Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in STLA. Geneos Wealth Management Inc. purchased a new position in Stellantis during the fourth quarter worth approximately $26,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Stellantis in the 4th quarter worth $29,000. GAMMA Investing LLC raised its holdings in shares of Stellantis by 422.3% during the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock worth $35,000 after acquiring an additional 2,538 shares during the period. SVB Wealth LLC purchased a new position in shares of Stellantis during the 1st quarter worth $35,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Stellantis by 54.5% in the first quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock valued at $37,000 after purchasing an additional 1,167 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Price Performance

STLA traded down $0.42 during trading on Wednesday, hitting $9.94. The company's stock had a trading volume of 15,785,832 shares, compared to its average volume of 11,236,840. The firm has a market capitalization of $30.04 billion, a price-to-earnings ratio of 2.91 and a beta of 1.45. Stellantis has a twelve month low of $8.39 and a twelve month high of $22.61. The business's fifty day simple moving average is $10.18 and its 200 day simple moving average is $12.09. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

Stellantis Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were issued a $0.5032 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a yield of 6.07%. Stellantis's payout ratio is 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.