Stellantis (NYSE:STLA) Stock Rating Lowered by Piper Sandler

Piper Sandler downgraded shares of Stellantis (NYSE:STLA) from an overweight rating to a neutral rating in a report released on Thursday, Marketbeat.com reports. The brokerage currently has $13.00 price objective on the stock, down from their previous price objective of $23.00.

Other research analysts also recently issued research reports about the company. TD Cowen assumed coverage on Stellantis in a research note on Friday, March 7th. They set a “hold” rating and a $13.00 target price for the company. Cowen assumed coverage on Stellantis in a research note on Thursday, March 6th. They set a “hold” rating for the company. Ten investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.27.

Stellantis Trading Down 0.9 %

STLA opened at $12.07 on Thursday. Stellantis has a twelve month low of $11.40 and a twelve month high of $29.51. The company has a 50-day simple moving average of $13.01 and a 200 day simple moving average of $13.42. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $36.47 billion, a price-to-earnings ratio of 3.54 and a beta of 1.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in STLA. Empowered Funds LLC increased its stake in shares of Stellantis by 12.5% in the third quarter. Empowered Funds LLC now owns 44,194 shares of the company’s stock valued at $621,000 after buying an additional 4,925 shares during the period. Caprock Group LLC acquired a new position in shares of Stellantis in the third quarter valued at approximately $318,000. Prospera Financial Services Inc increased its stake in shares of Stellantis by 9.5% in the third quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock valued at $192,000 after buying an additional 1,192 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of Stellantis in the third quarter valued at approximately $47,000. Finally, Banco Santander S.A. acquired a new position in shares of Stellantis in the third quarter valued at approximately $26,679,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Company Profile

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.