Stellantis (NYSE:STLA) Rating Lowered to “Sell” at Wall Street Zen

Stellantis (NYSE:STLA) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

STLA has been the topic of a number of other research reports. BNP Paribas Exane started coverage on Stellantis in a research note on Monday, September 8th. They issued a “neutral” rating and a $10.10 target price on the stock. BNP Paribas cut Stellantis from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. Berenberg Bank upgraded Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price objective on the stock in a research report on Friday, September 19th. Cowen reiterated a “hold” rating on shares of Stellantis in a research report on Friday, December 12th. Finally, UBS Group raised shares of Stellantis from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 2nd. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.75.

Stellantis Price Performance

Shares of NYSE STLA opened at $11.06 on Friday. 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 company’s 50-day moving average price is $10.84 and its 200 day moving average price is $10.11. Stellantis has a 52 week low of $8.39 and a 52 week high of $14.28.

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

Institutional Trading of Stellantis

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STLA. Amundi lifted its holdings in Stellantis by 41.0% in the 2nd quarter. Amundi now owns 110,680,258 shares of the company’s stock worth $1,143,327,000 after buying an additional 32,206,884 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Stellantis by 2.2% during the third quarter. Vanguard Group Inc. now owns 95,143,705 shares of the company’s stock worth $883,126,000 after acquiring an additional 2,002,880 shares during the last quarter. Norges Bank acquired a new position in shares of Stellantis in the second quarter worth about $384,724,000. Bank of Italy lifted its stake in shares of Stellantis by 11.6% in the third quarter. Bank of Italy now owns 36,630,307 shares of the company’s stock worth $338,212,000 after acquiring an additional 3,800,000 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its holdings in Stellantis by 6,148.4% in the third quarter. Quadrature Capital Ltd now owns 14,945,564 shares of the company’s stock valued at $137,891,000 after purchasing an additional 14,706,375 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

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.