Stellantis (NYSE:STLA) Upgraded by Jefferies Financial Group to "Buy" Rating

Stellantis (NYSE:STLA - Get Free Report) was upgraded by equities research analysts at Jefferies Financial Group from a "hold" rating to a "buy" rating in a report issued on Wednesday,Finviz reports. The firm currently has a $13.20 price target on the stock. Jefferies Financial Group's price objective points to a potential upside of 37.72% from the stock's current price.

Other analysts have also recently issued reports about the company. Cowen began coverage on Stellantis in a research report on Thursday, March 6th. They set a "hold" rating on the stock. TD Cowen began coverage on shares of Stellantis in a report on Friday, March 7th. They issued a "hold" rating and a $13.00 price target on the stock. UBS Group cut shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. Eleven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $15.68.

Stellantis Stock Up 2.4%

NYSE STLA opened at $9.59 on Wednesday. Stellantis has a twelve month low of $8.39 and a twelve month high of $21.05. The stock has a market cap of $28.98 billion, a PE ratio of 2.81 and a beta of 1.47. The firm has a 50-day simple moving average of $9.87 and a 200 day simple moving average of $11.59. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.81 and a current ratio of 1.09.

Hedge Funds Weigh In On Stellantis

Institutional investors and hedge funds have recently modified their holdings of the business. Private Advisor Group LLC raised its stake in Stellantis by 46.7% in the 4th quarter. Private Advisor Group LLC now owns 17,965 shares of the company's stock valued at $234,000 after acquiring an additional 5,719 shares during the period. Ieq Capital LLC bought a new position in shares of Stellantis during the fourth quarter worth approximately $163,000. Addison Advisors LLC lifted its holdings in shares of Stellantis by 29.0% during the fourth quarter. Addison Advisors LLC now owns 7,170 shares of the company's stock worth $94,000 after buying an additional 1,610 shares in the last quarter. Altrius Capital Management Inc grew its position in shares of Stellantis by 19.2% during the 4th quarter. Altrius Capital Management Inc now owns 590,361 shares of the company's stock worth $7,704,000 after purchasing an additional 95,238 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in Stellantis by 57.8% during the fourth quarter. Jones Financial Companies Lllp now owns 103,974 shares of the company's stock worth $1,357,000 after buying an additional 38,087 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

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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