Stellantis (NYSE:STLA) Shares Gap Down - Should You Sell?

Key Points

• Stellantis shares fell sharply, opening at $5.16 versus a prior close of $5.43 and last trading near $5.12. The stock remains below both its 50-day moving average of $5.81 and 200-day moving average of $6.99.
• Analyst sentiment is cautious: MarketBeat reports a consensus rating of “Reduce” and an average price target of $8.66, with six Sell ratings and ten Holds among surveyed analysts.
• Stellantis reported quarterly EPS of $0.14 on $49.63 billion in revenue, while institutional investors collectively own 59.48% of the company. Analysts expect full-year EPS of approximately $0.61.

Stellantis N.V. (NYSE:STLA - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $5.43, but opened at $5.16. Stellantis shares last traded at $5.1230, with a volume of 5,244,788 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on STLA shares. Zacks Research upgraded Stellantis from a "strong sell" rating to a "hold" rating in a research note on Monday, April 27th. Truist Financial set a $9.00 target price on Stellantis in a research report on Friday, May 22nd. Weiss Ratings cut Stellantis from a "sell (d)" rating to a "sell (d-)" rating in a report on Friday, July 31st. UBS Group lowered Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, August 3rd. Finally, Evercore set a $7.50 price target on Stellantis in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $8.66.

Stellantis Stock Performance

The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.59. The firm's fifty day moving average is $5.81 and its 200 day moving average is $6.99. The company has a market cap of $19.61 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 0.29 and a beta of 1.45.

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

Institutional Investors Weigh In On Stellantis

A number of institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI raised its position in Stellantis by 3.7% in the 3rd quarter. National Bank of Canada FI now owns 32,949 shares of the company's stock valued at $306,000 after purchasing an additional 1,186 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Stellantis by 0.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 256,463 shares of the company's stock worth $1,790,000 after acquiring an additional 1,320 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of Stellantis by 9.1% in the 1st quarter. Kestra Advisory Services LLC now owns 17,771 shares of the company's stock valued at $126,000 after purchasing an additional 1,488 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Stellantis by 7.6% in the 4th quarter. Stifel Financial Corp now owns 23,100 shares of the company's stock valued at $252,000 after purchasing an additional 1,624 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in Stellantis by 113.6% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company's stock valued at $36,000 after buying an additional 1,755 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Company Profile

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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