Stellantis (NYSE:STLA) Receives Consensus Recommendation of "Hold" from Brokerages

Stellantis (NYSE:STLA - Get Free Report) has received a consensus recommendation of "Hold" from the fourteen brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $27.34.

A number of equities research analysts have weighed in on STLA shares. Wolfe Research restated a "peer perform" rating on shares of Stellantis in a report on Thursday, September 5th. Nomura Securities raised Stellantis from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 31st. Jefferies Financial Group reissued a "hold" rating and issued a $16.44 target price (down from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Royal Bank of Canada restated a "sector perform" rating on shares of Stellantis in a report on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft lowered Stellantis from a "buy" rating to a "hold" rating in a research report on Monday, July 29th.

Stellantis Trading Down 4.2 %

Stellantis stock traded down $0.59 on Friday, hitting $13.40. 8,197,876 shares of the stock traded hands, compared to its average volume of 7,912,971. 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 quick ratio of 0.85 and a current ratio of 1.14. The business's fifty day simple moving average is $14.25 and its 200 day simple moving average is $17.94.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in STLA. Envestnet Portfolio Solutions Inc. increased its position in shares of Stellantis by 5.7% during 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 last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Stellantis by 4.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company's stock worth $288,000 after acquiring an additional 636 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Stellantis by 6.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 11,519 shares of the company's stock worth $326,000 after purchasing an additional 656 shares in the last quarter. Legacy Capital Group California Inc. raised its holdings in Stellantis by 7.0% in the 2nd quarter. Legacy Capital Group California Inc. now owns 10,777 shares of the company's stock worth $214,000 after purchasing an additional 707 shares during the period. Finally, CWM LLC raised its holdings in Stellantis by 7.6% in the 2nd quarter. CWM LLC now owns 12,424 shares of the company's stock worth $247,000 after purchasing an additional 874 shares during the period. 59.48% of the stock is owned by hedge funds and other institutional investors.

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.