Stellantis (NYSE:STLA) Now Covered by Sanford C. Bernstein

Research analysts at Sanford C. Bernstein began coverage on shares of Stellantis (NYSE:STLA) in a research report issued on Friday, Benzinga reports. The brokerage set a “market perform” rating and a $23.50 price target on the stock. Sanford C. Bernstein’s price objective suggests a potential upside of 18.84% from the stock’s current price.

A number of other equities research analysts also recently issued reports on STLA. Piper Sandler began coverage on shares of Stellantis in a research note on Friday, March 15th. They set an “overweight” rating and a $39.00 price target on the stock. Berenberg Bank reissued a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26th. Nomura reissued a “neutral” rating on shares of Stellantis in a research note on Wednesday, March 13th. Barclays raised shares of Stellantis to a “strong-buy” rating in a research note on Monday, June 17th. Finally, Morgan Stanley increased their target price on shares of Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.55.

Stellantis Stock Performance

Stellantis stock opened at $19.78 on Friday. The firm’s fifty day moving average is $22.16 and its 200 day moving average is $23.95. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.24. Stellantis has a 52-week low of $16.81 and a 52-week high of $29.51.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its holdings in shares of Stellantis by 6.0% in the first quarter. EverSource Wealth Advisors LLC now owns 11,519 shares of the company’s stock worth $326,000 after purchasing an additional 656 shares during the last quarter. Cetera Advisors LLC grew its holdings in shares of Stellantis by 227.0% in the first quarter. Cetera Advisors LLC now owns 41,606 shares of the company’s stock worth $1,184,000 after purchasing an additional 28,882 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Stellantis in the first quarter worth about $2,168,000. Virtu Financial LLC bought a new position in shares of Stellantis in the first quarter worth about $382,000. Finally, Advisory Resource Group grew its holdings in shares of Stellantis by 14.3% in the first quarter. Advisory Resource Group now owns 35,673 shares of the company’s stock worth $1,010,000 after purchasing an additional 4,470 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors.

About Stellantis

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.