Stellantis (NYSE:STLA - Get Free Report)'s stock had its "sell (d)" rating reiterated by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.
Several other research analysts have also recently commented on STLA. Berenberg Bank upgraded shares of Stellantis from a "hold" rating to a "buy" rating and set a $11.20 target price for the company in a research report on Friday, September 19th. BNP Paribas Exane assumed coverage on shares of Stellantis in a research note on Monday, September 8th. They issued a "neutral" rating and a $10.10 price target for the company. Bank of America lowered shares of Stellantis from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $16.50 to $11.75 in a research note on Monday, July 7th. Wolfe Research lowered shares of Stellantis from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, July 2nd. Finally, BNP Paribas raised shares of Stellantis to a "hold" rating in a research note on Tuesday, September 9th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.04.
Get Our Latest Analysis on Stellantis
Stellantis Stock Performance
Shares of NYSE:STLA traded down $0.06 during trading on Wednesday, reaching $10.79. 11,309,339 shares of the company's stock traded hands, compared to its average volume of 18,827,214. Stellantis has a 12 month low of $8.39 and a 12 month high of $14.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. The stock has a market capitalization of $32.62 billion, a P/E ratio of 3.16, a price-to-earnings-growth ratio of 0.69 and a beta of 1.52. The company has a 50 day moving average of $9.59 and a 200-day moving average of $9.83.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC acquired a new position in Stellantis in the 2nd quarter valued at approximately $28,000. GAMMA Investing LLC increased its stake 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 during the last quarter. SVB Wealth LLC acquired a new position in shares of Stellantis during the 1st quarter worth $35,000. Farther Finance Advisors LLC increased its stake in shares of Stellantis by 54.5% during the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock worth $37,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Stellantis during the 2nd quarter worth $37,000. Institutional investors and hedge funds own 59.48% of the company's stock.
About Stellantis
(
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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.
Further Reading
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