Stellantis (NYSE:STLA) Given Average Rating of “Moderate Buy” by Analysts

Stellantis (NYSE:STLA) has received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $27.34.

A number of brokerages have weighed in on STLA. Deutsche Bank Aktiengesellschaft lowered Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Barclays raised shares of Stellantis to a “strong-buy” rating in a report on Monday, June 17th. Nomura raised shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Wolfe Research restated a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Finally, Sanford C. Bernstein started coverage on Stellantis in a research note on Friday, June 28th. They issued a “market perform” rating and a $23.50 price target for the company.

Insider Activity at Stellantis

In other news, major shareholder N.V. Stellantis purchased 2,982,089 shares of the stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $3.35 per share, for a total transaction of $9,989,998.15. Following the completion of the transaction, the insider now owns 59,734,962 shares of the company’s stock, valued at $200,112,122.70. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On Stellantis

Several hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its holdings in shares of Stellantis by 4.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 43,987 shares of the company’s stock valued at $1,026,000 after purchasing an additional 1,915 shares during the period. Wells Fargo & Company MN increased its stake in Stellantis by 12.5% during the 4th quarter. Wells Fargo & Company MN now owns 596,174 shares of the company’s stock valued at $13,903,000 after buying an additional 66,427 shares during the period. Corient Private Wealth LLC raised its position in shares of Stellantis by 1.4% during the 4th quarter. Corient Private Wealth LLC now owns 149,857 shares of the company’s stock worth $3,495,000 after buying an additional 2,029 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Stellantis by 4.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,863 shares of the company’s stock worth $253,000 after acquiring an additional 430 shares during the period. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in shares of Stellantis by 52.0% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 23,803 shares of the company’s stock valued at $555,000 after acquiring an additional 8,148 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Stock Performance

NYSE:STLA opened at $15.01 on Friday. The firm has a 50-day moving average of $16.68 and a two-hundred day moving average of $21.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The stock has a market cap of $47.01 billion, a P/E ratio of 3.00, a PEG ratio of 0.26 and a beta of 1.63. Stellantis has a 1-year low of $14.76 and a 1-year high of $29.51.

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.