Stellantis (NYSE:STLA) Upgraded at Wall Street Zen

Stellantis (NYSE:STLA) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other research analysts also recently weighed in on the company. UBS Group raised Stellantis from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Stellantis in a research note on Monday, October 13th. The Goldman Sachs Group upgraded shares of Stellantis to a “hold” rating in a research note on Monday, November 24th. BNP Paribas Exane assumed coverage on shares of Stellantis in a report on Monday, September 8th. They issued a “neutral” rating and a $10.10 target price on the stock. Finally, Berenberg Bank upgraded shares of Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price target for the company in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $11.75.

Stellantis Stock Performance

STLA stock opened at $11.54 on Friday. Stellantis has a 1 year low of $8.39 and a 1 year high of $14.28. The company has a fifty day simple moving average of $10.76 and a 200 day simple moving average of $10.07. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37.

Stellantis (NYSE:STLA) last posted its earnings results on Thursday, October 30th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of $0.41 by ($1.32). The business had revenue of $87.44 billion during the quarter, compared to the consensus estimate of $87.94 billion. As a group, research analysts expect that Stellantis will post 2.3 EPS for the current fiscal year.

Institutional Trading of Stellantis

A number of hedge funds have recently modified their holdings of the company. HighTower Advisors LLC increased its position in shares of Stellantis by 23.3% during the first quarter. HighTower Advisors LLC now owns 39,431 shares of the company’s stock valued at $442,000 after purchasing an additional 7,457 shares during the period. Wellington Management Group LLP boosted its stake in Stellantis by 2.9% during the first quarter. Wellington Management Group LLP now owns 186,245 shares of the company’s stock worth $2,065,000 after buying an additional 5,163 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in Stellantis by 13.3% during the first quarter. 1832 Asset Management L.P. now owns 267,758 shares of the company’s stock worth $3,002,000 after buying an additional 31,381 shares in the last quarter. Groupe la Francaise bought a new stake in Stellantis in the 1st quarter valued at $62,123,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Stellantis by 15.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 57,612 shares of the company’s stock valued at $646,000 after buying an additional 7,498 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

About Stellantis

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.