Stellantis (NYSE:STLA) Cut to “Hold” at Freedom Capital

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

A number of other analysts have also recently weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Stellantis in a report on Wednesday, January 21st. Loop Capital set a $8.00 price target on shares of Stellantis in a report on Monday. Wolfe Research upgraded shares of Stellantis from an “underperform” rating to a “peer perform” rating in a research report on Monday, February 9th. UBS Group upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 2nd. Finally, TD Cowen reaffirmed a “hold” rating on shares of Stellantis in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.31.

Stellantis Stock Performance

Shares of STLA stock opened at $7.48 on Monday. The company’s 50-day simple moving average is $9.31 and its 200-day simple moving average is $9.97. Stellantis has a one year low of $7.03 and a one year high of $13.09. The company has a quick ratio of 0.74, a current ratio of 1.02 and a debt-to-equity ratio of 0.59.

Institutional Investors Weigh In On Stellantis

Several hedge funds have recently made changes to their positions in STLA. National Bank of Canada FI increased its holdings in shares of Stellantis by 3.7% during the 3rd quarter. National Bank of Canada FI now owns 32,949 shares of the company’s stock valued at $306,000 after acquiring an additional 1,186 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Stellantis by 2.1% during the second quarter. Advisors Asset Management Inc. now owns 59,263 shares of the company’s stock worth $594,000 after buying an additional 1,193 shares during the last quarter. Straightline Group LLC boosted its holdings in Stellantis by 5.0% in the 2nd quarter. Straightline Group LLC now owns 28,248 shares of the company’s stock valued at $283,000 after purchasing an additional 1,352 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Stellantis by 28.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 7,110 shares of the company’s stock worth $77,000 after purchasing an additional 1,586 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in Stellantis by 7.6% during the fourth quarter. Stifel Financial Corp now owns 23,100 shares of the company’s stock valued at $252,000 after acquiring an additional 1,624 shares during the period. 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.