Zacks Research Upgrades Stellantis (NYSE:STLA) to Hold

Stellantis (NYSE:STLA) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts have also issued reports on the stock. DZ Bank upgraded shares of Stellantis from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Wolfe Research upgraded Stellantis from an “underperform” rating to a “peer perform” rating in a research report on Monday. TD Cowen restated a “hold” rating on shares of Stellantis in a research report on Friday, December 12th. Citigroup reaffirmed a “neutral” rating on shares of Stellantis in a research note on Tuesday, November 11th. Finally, UBS Group upgraded Stellantis from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.67.

Stellantis Stock Performance

Shares of NYSE STLA opened at $7.57 on Monday. Stellantis has a 12-month low of $7.03 and a 12-month high of $14.28. The firm’s 50-day simple moving average is $10.57 and its 200 day simple moving average is $10.15. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of STLA. WINTON GROUP Ltd bought a new stake in Stellantis in the fourth quarter valued at approximately $224,000. Parallel Advisors LLC boosted its position in shares of Stellantis by 60.0% during the fourth quarter. Parallel Advisors LLC now owns 7,198 shares of the company’s stock worth $78,000 after purchasing an additional 2,699 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Stellantis by 0.5% during the fourth quarter. TD Asset Management Inc now owns 680,797 shares of the company’s stock worth $7,562,000 after purchasing an additional 3,663 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Stellantis in the 4th quarter valued at $204,000. Finally, Sarver Vrooman Wealth Advisors bought a new stake in shares of Stellantis in the 4th quarter valued at $52,000. Institutional investors own 59.48% of the company’s stock.

About Stellantis

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.