Wolfe Research Upgrades Stellantis (NYSE:STLA) to “Peer Perform”

Stellantis (NYSE:STLA) was upgraded by Wolfe Research from an “underperform” rating to a “peer perform” rating in a research note issued to investors on Monday, MarketBeat Ratings reports.

A number of other analysts have also recently issued reports on the company. Morgan Stanley cut Stellantis from an “overweight” rating to an “equal weight” rating and set a $10.90 target price for the company. in a report on Tuesday, February 3rd. Citigroup reissued a “neutral” rating on shares of Stellantis in a research report on Tuesday, November 11th. UBS Group raised shares of Stellantis from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 2nd. The Goldman Sachs Group upgraded Stellantis to a “hold” rating in a report on Monday, November 24th. Finally, TD Cowen restated a “hold” rating on shares of Stellantis in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.67.

Stellantis Stock Performance

Shares of Stellantis stock opened at $7.49 on Monday. The business’s fifty day moving average price is $10.57 and its 200 day moving average price is $10.15. Stellantis has a twelve month low of $7.03 and a twelve month high of $14.28. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. AQR Capital Management LLC grew its stake in Stellantis by 68.8% during 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 in the last quarter. Focus Partners Wealth grew its position in shares of Stellantis by 37.2% during the first quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock worth $171,000 after buying an additional 4,135 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Stellantis by 2.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 83,148 shares of the company’s stock worth $834,000 after buying an additional 1,599 shares during the last quarter. Yousif Capital Management LLC raised its holdings in Stellantis by 18.9% in the second quarter. Yousif Capital Management LLC now owns 32,218 shares of the company’s stock valued at $323,000 after acquiring an additional 5,115 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in Stellantis in the second quarter valued at $185,000. 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.