Stellantis (NYSE:STLA) Receives $27.34 Average Price Target from Brokerages

Stellantis (NYSE:STLAGet Free Report) has received a consensus recommendation of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $27.34.

STLA has been the topic of several research reports. Barclays lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Evercore ISI initiated coverage on Stellantis in a research note on Monday. They issued an “inline” rating on the stock. Nomura Securities raised Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Jefferies Financial Group restated a “hold” rating and issued a $16.44 target price (down from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th.

View Our Latest Research Report on STLA

Stellantis Stock Down 2.1 %

NYSE STLA opened at $13.30 on Friday. The business’s fifty day moving average is $14.19 and its 200-day moving average is $17.81. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. Stellantis has a one year low of $12.74 and a one year high of $29.51.

Hedge Funds Weigh In On Stellantis

Large investors have recently modified their holdings of the company. Rothschild Investment LLC bought a new stake in Stellantis during the 2nd quarter worth approximately $25,000. ORG Partners LLC bought a new position in shares of Stellantis in the second quarter worth $38,000. Waldron Private Wealth LLC purchased a new stake in shares of Stellantis in the third quarter worth $33,000. Central Pacific Bank Trust Division bought a new stake in Stellantis during the third quarter valued at $35,000. Finally, Ridgewood Investments LLC purchased a new position in Stellantis during the second quarter worth about $54,000. 59.48% of the stock is currently owned by institutional investors.

Stellantis Company Profile

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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.

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Analyst Recommendations for Stellantis (NYSE:STLA)

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