Stellantis (NYSE:STLA) Now Covered by Analysts at Evercore ISI

Evercore ISI started coverage on shares of Stellantis (NYSE:STLA - Free Report) 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 have also recently weighed in on STLA. Barclays cut Stellantis from an "overweight" rating to an "equal weight" rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft cut shares of Stellantis from a "buy" rating to a "hold" rating in a research report on Monday, July 29th. Wolfe Research reaffirmed a "peer perform" rating on shares of Stellantis in a research note on Thursday, September 5th. Jefferies Financial Group restated a "hold" rating and issued a $16.44 price target (down from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Finally, Nomura upgraded shares of Stellantis from a "neutral" rating to a "buy" rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Stellantis presently has a consensus rating of "Hold" and an average target price of $27.34.

Stellantis Price Performance

Shares of NYSE:STLA traded up $0.19 during trading on Monday, hitting $13.59. 5,756,510 shares of the stock were exchanged, compared to its average volume of 6,927,607. Stellantis has a 1-year low of $12.74 and a 1-year high of $29.51. 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 company's fifty day simple moving average is $14.25 and its 200-day simple moving average is $17.89.

Hedge Funds Weigh In On Stellantis

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. raised its stake in shares of Stellantis by 5.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,508 shares of the company's stock valued at $298,000 after purchasing an additional 562 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Stellantis by 4.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company's stock valued at $288,000 after acquiring an additional 636 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Stellantis by 6.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 11,519 shares of the company's stock worth $326,000 after acquiring an additional 656 shares during the last quarter. Legacy Capital Group California Inc. grew its stake in shares of Stellantis by 7.0% during the 2nd quarter. Legacy Capital Group California Inc. now owns 10,777 shares of the company's stock worth $214,000 after acquiring an additional 707 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Stellantis by 7.6% in the second quarter. CWM LLC now owns 12,424 shares of the company's stock valued at $247,000 after purchasing an additional 874 shares during the last quarter. 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.