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

Stellantis (NYSE:STLA - Get Free Report) has been given a consensus recommendation of "Hold" by the fourteen research firms that are presently covering the firm, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $16.49.

A number of equities research analysts have commented on STLA shares. Cowen started coverage on Stellantis in a research report on Thursday, March 6th. They set a "hold" rating for the company. Piper Sandler lowered Stellantis from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. TD Cowen started coverage on Stellantis in a research report on Friday, March 7th. They set a "hold" rating and a $13.00 price objective for the company. DZ Bank upgraded Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Redburn Atlantic lowered Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd.

Stellantis Trading Down 4.4%

NYSE:STLA opened at $9.68 on Friday. Stellantis has a 1-year low of $8.39 and a 1-year high of $21.05. The firm has a market capitalization of $29.25 billion, a price-to-earnings ratio of 2.84 and a beta of 1.47. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $9.84 and a 200 day simple moving average of $11.75.

Stellantis Announces Dividend

The company also recently declared a dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were paid a dividend of $0.5032 per share. This represents a dividend yield of 6.07%. The ex-dividend date of this dividend was Wednesday, April 23rd. Stellantis's dividend payout ratio (DPR) is presently 20.82%.

Institutional Investors Weigh In On Stellantis

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new position in shares of Stellantis in the 4th quarter valued at approximately $29,000. GAMMA Investing LLC grew 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 purchasing an additional 2,538 shares in the last quarter. SVB Wealth LLC acquired a new stake in Stellantis in the 1st quarter valued at $35,000. Farther Finance Advisors LLC boosted its stake 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 buying an additional 1,167 shares in the last quarter. Finally, Harbour Investments Inc. boosted its stake in Stellantis by 136.5% in the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company's stock valued at $43,000 after buying an additional 2,200 shares in the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

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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