Stellantis (NYSE:STLA) Receives Average Recommendation of “Hold” from Analysts

Stellantis (NYSE:STLA) has earned an average recommendation of “Hold” from the fourteen research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $27.34.

A number of equities analysts have recently issued reports on the stock. Nomura upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 31st. Jefferies Financial Group reiterated a “hold” rating and issued a $16.44 price objective (down from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft downgraded Stellantis from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Rothschild Investment LLC bought a new position in shares of Stellantis during the second quarter worth $25,000. ORG Partners LLC bought a new position in Stellantis during the second quarter worth about $38,000. Waldron Private Wealth LLC acquired a new position in Stellantis in the third quarter valued at about $33,000. Central Pacific Bank Trust Division bought a new stake in shares of Stellantis in the third quarter worth about $35,000. Finally, Ridgewood Investments LLC acquired a new stake in shares of Stellantis during the second quarter worth about $54,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Stock Down 0.2 %

Stellantis stock opened at $13.34 on Friday. The stock has a 50-day simple moving average of $13.98 and a 200 day simple moving average of $17.56. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. Stellantis has a 12-month low of $12.74 and a 12-month high of $29.51.

About Stellantis

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.