Stellantis (NYSE:STLA) Stock Rating Upgraded by Wall Street Zen

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

A number of other equities analysts also recently issued reports on the company. BNP Paribas downgraded Stellantis from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th. DZ Bank raised Stellantis from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Stellantis in a report on Monday, October 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellantis in a research note on Wednesday, October 8th. Finally, Cowen reiterated a “hold” rating on shares of Stellantis in a report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.04.

Stellantis Stock Performance

NYSE:STLA opened at $10.93 on Friday. 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’s 50 day simple moving average is $10.89 and its 200-day simple moving average is $10.20.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of STLA. AQR Capital Management LLC raised its stake in Stellantis by 68.8% in the 1st quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock valued at $919,000 after purchasing an additional 33,429 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Stellantis during the first quarter worth about $351,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Stellantis by 8.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,500,483 shares of the company’s stock worth $28,030,000 after buying an additional 200,260 shares in the last quarter. Focus Partners Wealth raised its position in shares of Stellantis by 37.2% in the first quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock valued at $171,000 after buying an additional 4,135 shares during the last quarter. Finally, Amanah Holdings Trust purchased a new position in shares of Stellantis during the second quarter valued at approximately $11,152,000. 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.