Stellantis N.V. (NYSE:STLA) Given Average Recommendation of “Hold” by Analysts

Shares of Stellantis N.V. (NYSE:STLA) have been assigned a consensus rating of “Hold” from the nineteen research firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $10.0111.

Several brokerages recently commented on STLA. Bank of America cut Stellantis from a “neutral” rating to an “underperform” rating in a research note on Monday, May 11th. Truist Financial set a $9.00 target price on shares of Stellantis in a research note on Friday, May 22nd. Zacks Research raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Stellantis in a research note on Tuesday, July 14th. Finally, Citigroup restated a “neutral” rating on shares of Stellantis in a report on Thursday, July 9th.

Stellantis Stock Down 1.0%

STLA stock opened at $5.70 on Monday. The company has a 50 day moving average of $6.52 and a two-hundred day moving average of $7.60. The company has a market cap of $21.44 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 0.29 and a beta of 1.46. Stellantis has a 12-month low of $5.25 and a 12-month high of $12.22. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.50.

Stellantis (NYSE:STLA) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The company had revenue of $44.14 billion during the quarter. On average, equities analysts anticipate that Stellantis will post 0.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its stake in shares of Stellantis by 68.8% in the first quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock worth $919,000 after purchasing an additional 33,429 shares during the period. Focus Partners Wealth lifted its stake in shares of Stellantis by 37.2% in the first quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock valued at $171,000 after buying an additional 4,135 shares during the period. M&T Bank Corp acquired a new stake in Stellantis during the second quarter worth about $154,000. EverSource Wealth Advisors LLC grew its position in Stellantis by 63.8% during the second quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock worth $63,000 after buying an additional 2,448 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in Stellantis by 9.2% during the second quarter. Cerity Partners LLC now owns 65,473 shares of the company’s stock valued at $657,000 after acquiring an additional 5,542 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.