Stellantis (NYSE:STLA) Lowered to "Neutral" Rating by UBS Group

Stellantis (NYSE:STLA - Get Free Report) was downgraded by research analysts at UBS Group from a "buy" rating to a "neutral" rating in a research note issued on Monday, MarketBeat reports.

A number of other equities research analysts have also recently weighed in on STLA. Cowen started coverage on Stellantis in a report on Thursday, March 6th. They set a "hold" rating on the stock. TD Cowen assumed coverage on Stellantis in a report on Friday, March 7th. They issued a "hold" rating and a $13.00 target price on the stock. Finally, Piper Sandler downgraded shares of Stellantis from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. Ten research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Stellantis presently has a consensus rating of "Hold" and an average price target of $16.49.

Stellantis Stock Up 2.0 %

STLA stock traded up $0.19 during trading on Monday, reaching $9.42. The stock had a trading volume of 18,247,825 shares, compared to its average volume of 10,567,434. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average price of $11.85 and a 200 day moving average price of $12.71. The company has a market capitalization of $28.46 billion, a P/E ratio of 2.76 and a beta of 1.44. Stellantis has a 1-year low of $8.39 and a 1-year high of $25.97.

Hedge Funds Weigh In On Stellantis

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in Stellantis during the fourth quarter worth $609,076,000. Marshall Wace LLP raised its position in shares of Stellantis by 72,446.0% in the 4th quarter. Marshall Wace LLP now owns 17,400,161 shares of the company's stock worth $226,899,000 after acquiring an additional 17,376,176 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Stellantis during the 4th quarter worth approximately $93,779,000. Banco Santander S.A. grew its stake in shares of Stellantis by 282.2% in the 4th quarter. Banco Santander S.A. now owns 7,258,025 shares of the company's stock valued at $94,717,000 after buying an additional 5,359,190 shares during the period. Finally, Capital Research Global Investors increased its position in Stellantis by 306.9% in the 4th quarter. Capital Research Global Investors now owns 6,905,990 shares of the company's stock valued at $90,636,000 after buying an additional 5,208,889 shares in the last quarter. 59.48% of the stock is currently 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.