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Stellantis (NYSE:STLA) Sets New 12-Month Low - Here's Why

Stellantis logo with Consumer Discretionary background
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Key Points

  • Stellantis shares fell 3.8% to a new 52-week low of $5.23, well below the 50-day moving average of $5.91 and the 200-day moving average of $7.09.
  • Analyst sentiment remains cautious: the stock has a consensus rating of “Reduce”, with 10 Hold and six Sell ratings, and an average price target of $8.66. TD Cowen recently cut its target from $9 to $6.
  • Stellantis reported quarterly earnings of $0.14 per share on $49.63 billion in revenue, while institutional investors and hedge funds own approximately 59.5% of the stock.
  • MarketBeat previews top five stocks to own in September.

Stellantis N.V. (NYSE:STLA - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $5.23 and last traded at $5.2350, with a volume of 2870169 shares. The stock had previously closed at $5.36.

Wall Street Analyst Weigh In

Several brokerages have commented on STLA. Freedom Capital raised shares of Stellantis from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 1st. Zacks Research raised Stellantis from a "strong sell" rating to a "hold" rating in a research note on Monday, April 27th. Citigroup reaffirmed a "neutral" rating on shares of Stellantis in a research note on Thursday, July 9th. Truist Financial set a $9.00 price objective on shares of Stellantis in a report on Friday, May 22nd. Finally, TD Cowen reduced their target price on shares of Stellantis from $9.00 to $6.00 and set a "hold" rating for the company in a research note on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $8.66.

Check Out Our Latest Stock Analysis on Stellantis

Stellantis Trading Down 3.8%

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 0.76. The firm has a market capitalization of $19.41 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 0.31 and a beta of 1.45. The business's 50-day moving average is $5.91 and its 200 day moving average is $7.09.

Stellantis (NYSE:STLA - Get Free Report) last posted its quarterly earnings data 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. As a group, analysts anticipate that Stellantis N.V. will post 0.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. United Community Bank purchased a new stake in shares of Stellantis in the fourth quarter worth about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in shares of Stellantis by 113.6% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company's stock worth $36,000 after purchasing an additional 1,755 shares during the period. Intesa Sanpaolo Wealth Management bought a new stake in Stellantis during the 4th quarter worth approximately $49,000. Sarver Vrooman Wealth Advisors acquired a new stake in Stellantis during the 4th quarter worth approximately $52,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Stellantis by 63.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company's stock worth $63,000 after buying an additional 2,448 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

About Stellantis

(Get Free Report)

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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