Stellantis N.V. (NYSE:STLA) Receives Average Recommendation of “Hold” from Brokerages

Stellantis N.V. (NYSE:STLA) has been given a consensus recommendation of “Hold” by the seventeen research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $11.7688.

A number of analysts have weighed in on the stock. Sanford C. Bernstein restated a “market perform” rating and set a $9.90 price objective on shares of Stellantis in a research note on Wednesday, January 14th. DZ Bank raised shares of Stellantis from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, December 4th. UBS Group raised Stellantis from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 2nd. Piper Sandler set a $15.00 target price on Stellantis and gave the company an “overweight” rating in a research note on Thursday, January 8th. Finally, The Goldman Sachs Group raised Stellantis to a “hold” rating in a report on Monday, November 24th.

Stellantis Stock Performance

STLA stock opened at $9.74 on Monday. The business has a 50 day moving average of $10.80 and a 200 day moving average of $10.19. Stellantis has a twelve month low of $8.39 and a twelve month high of $14.28. 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 issued its quarterly 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 firm had revenue of $87.44 billion during the quarter, compared to analysts’ expectations of $87.94 billion. Analysts predict that Stellantis will post 2.3 EPS for the current fiscal year.

Institutional Trading of Stellantis

A number of institutional investors have recently made changes to their positions in STLA. Amundi grew its stake in shares of Stellantis by 41.0% in the second quarter. Amundi now owns 110,680,258 shares of the company’s stock worth $1,143,327,000 after acquiring an additional 32,206,884 shares during the period. Vanguard Group Inc. boosted its holdings in Stellantis by 2.2% in the third quarter. Vanguard Group Inc. now owns 95,143,705 shares of the company’s stock worth $883,126,000 after purchasing an additional 2,002,880 shares during the last quarter. Norges Bank purchased a new stake in Stellantis in the second quarter worth approximately $384,724,000. Bank of Italy grew its position in Stellantis by 11.6% in the 3rd quarter. Bank of Italy now owns 36,630,307 shares of the company’s stock worth $338,212,000 after purchasing an additional 3,800,000 shares during the period. Finally, Quadrature Capital Ltd raised its stake in Stellantis by 6,148.4% during the 3rd quarter. Quadrature Capital Ltd now owns 14,945,564 shares of the company’s stock valued at $137,891,000 after buying 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.