Stellantis N.V. (NYSE:STLA) Receives Average Rating of “Hold” from Brokerages

Stellantis N.V. (NYSE:STLA) has been assigned a consensus rating of “Hold” from the nineteen analysts that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $10.0111.

Several brokerages recently issued reports on STLA. Weiss Ratings reissued a “sell (d)” rating on shares of Stellantis in a research note on Monday, April 20th. HSBC lowered shares of Stellantis from a “hold” rating to a “reduce” rating in a report on Friday, July 3rd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Stellantis in a research report on Thursday, July 9th. Citigroup restated a “neutral” rating on shares of Stellantis in a research note on Thursday, July 9th. Finally, Bank of America lowered Stellantis from a “neutral” rating to an “underperform” rating in a research report on Monday, May 11th.

Stellantis Price Performance

Shares of STLA opened at $5.80 on Monday. The firm has a market cap of $21.85 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 0.29 and a beta of 1.46. Stellantis has a 52-week low of $5.25 and a 52-week high of $12.22. The business’s 50 day moving average price is $6.70 and its two-hundred day moving average price is $7.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.75 and a current ratio of 1.03.

Stellantis (NYSE:STLA) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The company had revenue of $44.14 billion for the quarter. On average, equities analysts anticipate that Stellantis will post 0.7 EPS for the current year.

Hedge Funds Weigh In On Stellantis

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Stellantis by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 96,294,105 shares of the company’s stock worth $1,054,515,000 after purchasing an additional 1,150,400 shares during the period. Norges Bank bought a new stake in Stellantis during the 4th quarter valued at $553,692,000. Viking Global Investors LP bought a new stake in Stellantis during the 4th quarter valued at $434,320,000. Bank of America Corp DE raised its holdings in Stellantis by 84.7% during the first quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock worth $166,746,000 after buying an additional 10,783,370 shares during the last quarter. Finally, Banco Santander S.A. raised its holdings in Stellantis by 99.9% during the fourth quarter. Banco Santander S.A. now owns 19,046,160 shares of the company’s stock worth $207,413,000 after buying an additional 9,520,576 shares during the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

About Stellantis

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.