Stellantis’ (STLA) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of Stellantis (NYSE:STLA) in a report released on Thursday, MarketBeat Ratings reports.

Several other research analysts also recently commented on the stock. HSBC downgraded shares of Stellantis from a “hold” rating to a “reduce” rating in a report on Friday, July 3rd. Freedom Capital raised Stellantis from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Truist Financial set a $9.00 price target on Stellantis in a research report on Friday, May 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Stellantis in a report on Monday, April 20th. Finally, Zacks Research raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.51.

Stellantis Stock Performance

NYSE:STLA opened at $5.34 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.03 and a quick ratio of 0.75. The business has a fifty day simple moving average of $6.91 and a two-hundred day simple moving average of $7.98. Stellantis has a 1 year low of $5.25 and a 1 year high of $12.22. The company has a market capitalization of $20.12 billion, a P/E ratio of 21.38, a P/E/G ratio of 0.21 and a beta of 1.46.

Stellantis (NYSE:STLA) last issued its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $44.14 billion during the quarter. On average, analysts expect that Stellantis will post 0.93 earnings per share for the current year.

Institutional Trading of Stellantis

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new stake in Stellantis in the fourth quarter worth $553,692,000. Viking Global Investors LP bought a new position in shares of Stellantis during the fourth quarter valued at about $434,320,000. Quadrature Capital Ltd grew its stake in shares of Stellantis by 6,148.4% during the third 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. Marshall Wace LLP increased its holdings in shares of Stellantis by 353.2% in the fourth quarter. Marshall Wace LLP now owns 15,145,245 shares of the company’s stock worth $167,481,000 after buying an additional 11,803,688 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Stellantis by 84.7% in the first quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock worth $166,746,000 after buying an additional 10,783,370 shares during the period. 59.48% of the stock is owned by institutional investors.

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.