Stellantis (NYSE:STLA) Receives Sell (D) Rating from Weiss Ratings

Key Points

• Stellantis (NYSE:STLA) received a sell (D) rating from Weiss Ratings, while the average consensus rating among analysts is Hold with a target price of $12.04.
• Institutional investors own approximately 59.48% of Stellantis stock, with several firms recently increasing their stakes in the company.
• The stock currently trades at $10.90, reflecting a 1-year range between $8.39 and $14.28.

Stellantis (NYSE:STLA - Get Free Report)'s stock had its "sell (d)" rating reiterated by analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

STLA has been the subject of several other research reports. BNP Paribas upgraded shares of Stellantis to a "hold" rating in a research report on Tuesday, September 9th. Zacks Research upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a research report on Monday, October 6th. Berenberg Bank upgraded shares of Stellantis from a "hold" rating to a "buy" rating and set a $11.20 price objective for the company in a research report on Friday, September 19th. Bank of America lowered shares of Stellantis from a "buy" rating to a "neutral" rating and reduced their target price for the company from $16.50 to $11.75 in a research note on Monday, July 7th. Finally, BNP Paribas Exane started coverage on shares of Stellantis in a research note on Monday, September 8th. They issued a "neutral" rating and a $10.10 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $12.04.

Stellantis Trading Up 1.3%

STLA opened at $10.90 on Friday. 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 stock has a market capitalization of $32.94 billion, a PE ratio of 3.20, a PEG ratio of 0.74 and a beta of 1.52. Stellantis has a 1-year low of $8.39 and a 1-year high of $14.28. The firm has a 50-day moving average price of $9.88 and a two-hundred day moving average price of $9.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in Stellantis during the 2nd quarter worth approximately $28,000. SVB Wealth LLC bought a new position in Stellantis during the 1st quarter worth approximately $35,000. Atlantic Union Bankshares Corp bought a new position in Stellantis during the 2nd quarter worth approximately $37,000. Harbour Investments Inc. boosted its stake in Stellantis by 136.5% during the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company's stock worth $43,000 after acquiring an additional 2,200 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Stellantis by 137.9% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 5,524 shares of the company's stock worth $52,000 after acquiring an additional 3,202 shares during the last quarter. 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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