Stellantis (NYSE:STLA) Upgraded at Freedom Capital

Freedom Capital upgraded shares of Stellantis (NYSE:STLA) from a hold rating to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports.

Several other equities analysts have also issued reports on the company. TD Cowen reissued a “hold” rating on shares of Stellantis in a research note on Friday, December 12th. Citigroup reiterated a “neutral” rating on shares of Stellantis in a research report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Stellantis in a report on Monday, October 13th. BNP Paribas Exane lowered shares of Stellantis from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. Finally, HSBC reissued a “hold” rating on shares of Stellantis in a research report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.67.

Stellantis Stock Performance

Shares of Stellantis stock opened at $7.90 on Tuesday. Stellantis has a twelve month low of $7.03 and a twelve month high of $14.28. The company’s fifty day moving average is $10.41 and its 200 day moving average is $10.11. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. United Community Bank bought a new stake in Stellantis in the 4th quarter worth about $26,000. Flagship Harbor Advisors LLC bought a new position in shares of Stellantis during the 4th quarter worth approximately $27,000. FNY Investment Advisers LLC purchased a new position in shares of Stellantis in the 2nd quarter worth approximately $28,000. Montag A & Associates Inc. bought a new position in shares of Stellantis in the third quarter valued at approximately $34,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Stellantis in the second quarter valued at approximately $37,000. 59.48% of the stock is owned by institutional investors.

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.