Stellantis (NYSE:STLA) Receives Average Recommendation of “Hold” from Analysts

Shares of Stellantis (NYSE:STLA) have been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $27.34.

STLA has been the subject of a number of recent research reports. Evercore ISI started coverage on Stellantis in a report on Monday, November 11th. They issued an “inline” rating for the company. Wolfe Research restated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Finally, Barclays downgraded Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd.

Hedge Funds Weigh In On Stellantis

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rothschild Investment LLC acquired a new stake in Stellantis during the 2nd quarter worth about $25,000. Waldron Private Wealth LLC acquired a new position in shares of Stellantis in the 3rd quarter valued at about $33,000. Central Pacific Bank Trust Division purchased a new stake in shares of Stellantis in the third quarter worth about $35,000. Cromwell Holdings LLC grew its holdings in Stellantis by 52.9% during the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock worth $42,000 after acquiring an additional 1,036 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in Stellantis during the third quarter valued at approximately $47,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Stock Up 0.4 %

Shares of STLA opened at $13.07 on Monday. The business’s 50 day simple moving average is $13.27 and its 200-day simple moving average is $15.62. Stellantis has a 1 year low of $12.12 and a 1 year high of $29.51. The stock has a market capitalization of $40.95 billion, a price-to-earnings ratio of 4.29, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

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.