Stellantis (NYSE:STLA - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $11.30 and last traded at $11.32, with a volume of 11283770 shares traded. The stock had previously closed at $11.81.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Cowen initiated coverage on Stellantis in a research report on Thursday, March 6th. They set a "hold" rating for the company. Piper Sandler downgraded shares of Stellantis from an "overweight" rating to a "neutral" rating and cut their target price for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Finally, TD Cowen initiated coverage on shares of Stellantis in a research note on Friday, March 7th. They set a "hold" rating and a $13.00 price target for the company. Nine investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $19.27.
Read Our Latest Analysis on Stellantis
Stellantis Trading Down 0.9 %
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 business has a 50 day moving average of $12.92 and a 200-day moving average of $13.26. The firm has a market capitalization of $33.96 billion, a P/E ratio of 3.29 and a beta of 1.64.
Institutional Investors Weigh In On Stellantis
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. bought a new position in Stellantis during the 4th quarter worth about $26,000. Mpwm Advisory Solutions LLC bought a new position in shares of Stellantis during the fourth quarter worth about $29,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Stellantis in the 4th quarter valued at approximately $47,000. MassMutual Private Wealth & Trust FSB lifted its stake 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 acquiring an additional 1,489 shares in the last quarter. Finally, WealthCollab LLC lifted its stake in 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 acquiring an additional 2,256 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.
About Stellantis
(
Get Free Report)
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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