Stellantis N.V. (NYSE:STLA) Receives $8.66 Consensus Price Target from Brokerages

Shares of Stellantis N.V. (NYSE:STLA) have received a consensus rating of “Reduce” from the nineteen analysts that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $8.66.

STLA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Stellantis in a research note on Tuesday, July 14th. Zacks Research upgraded Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. TD Cowen reduced their price objective on Stellantis from $9.00 to $6.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Wall Street Zen cut Stellantis from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Finally, Sanford C. Bernstein downgraded Stellantis from a “market perform” rating to an “underperform” rating in a report on Friday, August 7th.

Hedge Funds Weigh In On Stellantis

Several large investors have recently modified their holdings of the stock. National Bank of Canada FI raised its position in Stellantis by 3.7% in the 3rd quarter. National Bank of Canada FI now owns 32,949 shares of the company’s stock worth $306,000 after buying an additional 1,186 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Stellantis by 0.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 256,463 shares of the company’s stock valued at $1,790,000 after acquiring an additional 1,320 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of Stellantis by 9.1% during the 1st quarter. Kestra Advisory Services LLC now owns 17,771 shares of the company’s stock valued at $126,000 after acquiring an additional 1,488 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Stellantis by 7.6% in the fourth quarter. Stifel Financial Corp now owns 23,100 shares of the company’s stock worth $252,000 after acquiring an additional 1,624 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in shares of Stellantis by 113.6% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock worth $36,000 after acquiring an additional 1,755 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Stock Down 2.9%

Shares of Stellantis stock opened at $5.27 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 0.76. The company has a 50-day moving average of $5.78 and a 200 day moving average of $6.96. The firm has a market cap of $19.84 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 0.31 and a beta of 1.45. Stellantis has a 1 year low of $5.05 and a 1 year high of $12.22.

Stellantis (NYSE:STLA) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.14 EPS for the quarter. The business had revenue of $49.63 billion for the quarter. As a group, sell-side analysts anticipate that Stellantis will post 0.61 earnings per share for the current fiscal year.

Stellantis Company Profile

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.