Stellantis (NYSE:STLA) Downgraded by Redburn Atlantic to "Neutral"

Stellantis (NYSE:STLA - Get Free Report) was downgraded by research analysts at Redburn Atlantic from a "buy" rating to a "neutral" rating in a report issued on Tuesday, Marketbeat.com reports.

Other equities analysts have also issued reports about the company. TD Cowen assumed coverage on Stellantis in a research report on Friday, March 7th. They issued a "hold" rating and a $13.00 price objective for the company. Piper Sandler cut shares of Stellantis from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. UBS Group cut Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, April 14th. Finally, Cowen initiated coverage on Stellantis in a research report on Thursday, March 6th. They set a "hold" rating for the company. Twelve equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $16.49.

Stellantis Trading Down 0.8 %

NYSE:STLA traded down $0.08 during trading hours on Tuesday, hitting $9.25. The stock had a trading volume of 775,429 shares, compared to its average volume of 10,734,289. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a one year low of $8.39 and a one year high of $25.05. The business's 50 day moving average is $11.42 and its 200-day moving average is $12.57. The company has a market cap of $27.98 billion, a price-to-earnings ratio of 2.71 and a beta of 1.44.

Institutional Trading of Stellantis

Several hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. bought a new position in Stellantis during the fourth quarter worth about $26,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Stellantis in the fourth quarter valued at approximately $29,000. GAMMA Investing LLC increased its stake in Stellantis by 422.3% during the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock worth $35,000 after acquiring an additional 2,538 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Stellantis by 54.5% during the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock valued at $37,000 after acquiring an additional 1,167 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Stellantis during the 4th quarter worth $47,000. 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.