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

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

Other research analysts have also issued reports about the stock. HSBC restated a “hold” rating on shares of Stellantis in a research report on Tuesday, January 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Stellantis in a research note on Wednesday, January 21st. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $9.90 price objective on shares of Stellantis in a research note on Wednesday, January 14th. TD Cowen reaffirmed a “hold” rating on shares of Stellantis in a report on Friday, December 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Stellantis in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.77.

Stellantis Stock Up 0.1%

Shares of NYSE STLA opened at $9.87 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06. Stellantis has a one year low of $8.39 and a one year high of $14.28. The company’s fifty day moving average is $10.80 and its two-hundred day moving average is $10.18.

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 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, equities analysts forecast that Stellantis will post 2.3 EPS for the current year.

Institutional Investors Weigh In On Stellantis

A number of large investors have recently bought and sold shares of STLA. United Community Bank purchased a new position in Stellantis during the fourth quarter worth $26,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Stellantis in the fourth quarter valued at $27,000. FNY Investment Advisers LLC acquired a new stake in shares of Stellantis during the second quarter valued at $28,000. Montag A & Associates Inc. purchased a new stake in Stellantis during the 3rd quarter worth about $34,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in Stellantis during the 2nd quarter worth about $37,000. Institutional investors and hedge funds 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.