Stellantis (NYSE:STLA) Now Covered by Evercore ISI

Evercore ISI started coverage on shares of Stellantis (NYSE:STLA) in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The firm issued an inline rating on the stock.

A number of other brokerages also recently weighed in on STLA. Barclays downgraded shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Jefferies Financial Group reissued a “hold” rating and issued a $16.44 target price (down from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Nomura Securities raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Stellantis presently has an average rating of “Hold” and a consensus target price of $27.34.

Stellantis Trading Up 1.4 %

STLA opened at $13.59 on Monday. Stellantis has a twelve month low of $12.74 and a twelve month high of $29.51. The firm’s 50-day simple moving average is $14.19 and its 200-day simple moving average is $17.81. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Hedge Funds Weigh In On Stellantis

Several institutional investors have recently added to or reduced their stakes in STLA. Janney Montgomery Scott LLC lifted its stake in Stellantis by 3.2% in the first quarter. Janney Montgomery Scott LLC now owns 59,436 shares of the company’s stock valued at $1,682,000 after buying an additional 1,818 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in Stellantis by 5.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,508 shares of the company’s stock valued at $298,000 after buying an additional 562 shares during the period. Empowered Funds LLC lifted its stake in Stellantis by 256.5% in the first quarter. Empowered Funds LLC now owns 33,756 shares of the company’s stock valued at $955,000 after buying an additional 24,288 shares during the period. Atomi Financial Group Inc. lifted its stake in Stellantis by 22.7% in the first quarter. Atomi Financial Group Inc. now owns 13,394 shares of the company’s stock valued at $379,000 after buying an additional 2,474 shares during the period. Finally, Sei Investments Co. lifted its stake in Stellantis by 39.2% in the first quarter. Sei Investments Co. now owns 213,716 shares of the company’s stock valued at $6,048,000 after buying an additional 60,177 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

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.