Stellantis (NYSE:STLA - Get Free Report)'s share price reached a new 52-week low on Wednesday . The stock traded as low as $8.39 and last traded at $8.52, with a volume of 30829090 shares. The stock had previously closed at $9.26.
Analyst Ratings Changes
A number of research analysts have issued reports on STLA shares. Cowen started coverage on shares of Stellantis in a report on Thursday, March 6th. They issued a "hold" rating on the stock. Piper Sandler downgraded shares of Stellantis from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. TD Cowen assumed coverage on shares of Stellantis in a research note on Friday, March 7th. They set a "hold" rating and a $13.00 price objective for the company. Finally, UBS Group lowered Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday. Ten analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $16.49.
Check Out Our Latest Analysis on STLA
Stellantis Stock Up 0.5 %
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 firm has a market cap of $26.94 billion, a P/E ratio of 2.61 and a beta of 1.44. The firm's 50-day moving average price is $12.14 and its 200 day moving average price is $12.84.
Institutional Investors Weigh In On Stellantis
A number of institutional investors have recently modified their holdings of STLA. Chemistry Wealth Management LLC grew its stake in Stellantis by 34.2% during the 1st quarter. Chemistry Wealth Management LLC now owns 62,239 shares of the company's stock worth $698,000 after buying an additional 15,846 shares during the last quarter. GAMMA Investing LLC lifted its stake in Stellantis by 422.3% during the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock valued at $35,000 after purchasing an additional 2,538 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Stellantis by 1,938.6% in the 1st quarter. Versant Capital Management Inc now owns 10,132 shares of the company's stock worth $112,000 after acquiring an additional 9,635 shares during the last quarter. Greenhaven Associates Inc. acquired a new position in shares of Stellantis in the 1st quarter valued at $336,000. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new position in Stellantis in the 4th quarter worth about $815,000. Institutional investors own 59.48% of the company's stock.
About Stellantis
(
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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.
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