Stellantis (NYSE:STLA) Reaches New 12-Month Low - What's Next?

Stellantis (NYSE:STLA - Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as $10.93 and last traded at $11.27, with a volume of 16791077 shares changing hands. The stock had previously closed at $11.09.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on STLA shares. Cowen assumed coverage on Stellantis in a report on Thursday, March 6th. They issued a "hold" rating for the company. Piper Sandler cut shares of Stellantis from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $23.00 to $13.00 in a research note on Thursday, March 20th. Finally, TD Cowen initiated coverage on shares of Stellantis in a research note on Friday, March 7th. They issued a "hold" rating and a $13.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $19.27.

Stellantis Stock Performance

The firm has a market cap of $29.37 billion, a price-to-earnings ratio of 2.85 and a beta of 1.44. The firm's 50 day moving average price is $12.71 and its 200-day moving average price is $13.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in STLA. Geneos Wealth Management Inc. acquired a new stake in shares of Stellantis during the 4th quarter worth approximately $26,000. Mpwm Advisory Solutions LLC bought a new position in Stellantis in the fourth quarter worth $29,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Stellantis during the fourth quarter worth $47,000. MassMutual Private Wealth & Trust FSB increased its holdings in Stellantis by 67.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock valued at $48,000 after buying an additional 1,489 shares during the period. Finally, WealthCollab LLC raised its stake in shares of Stellantis by 96.5% in the 4th quarter. WealthCollab LLC now owns 4,594 shares of the company's stock valued at $60,000 after buying an additional 2,256 shares in the last quarter. Institutional investors own 59.48% of the company's stock.

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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.