Stellantis (NYSE:STLA) Downgraded by Freedom Capital to Hold

Stellantis (NYSE:STLA) was downgraded by Freedom Capital from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities analysts also recently commented on the company. BNP Paribas Exane downgraded Stellantis from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 11th. UBS Group raised Stellantis from a “neutral” rating to a “buy” rating in a report on Tuesday, December 2nd. Morgan Stanley downgraded Stellantis from an “overweight” rating to an “equal weight” rating and set a $10.90 target price for the company. in a report on Tuesday, February 3rd. Wall Street Zen downgraded shares of Stellantis from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $9.90 price target on shares of Stellantis in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Stellantis has an average rating of “Hold” and a consensus target price of $11.31.

Stellantis Stock Performance

Shares of STLA opened at $7.63 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. Stellantis has a 52 week low of $7.03 and a 52 week high of $13.14. The firm’s 50-day simple moving average is $9.45 and its 200 day simple moving average is $10.00.

Institutional Investors Weigh In On Stellantis

Several institutional investors and hedge funds have recently bought and sold shares of the company. National Bank of Canada FI boosted its holdings in Stellantis by 3.7% in the third quarter. National Bank of Canada FI now owns 32,949 shares of the company’s stock valued at $306,000 after acquiring an additional 1,186 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Stellantis by 2.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 59,263 shares of the company’s stock worth $594,000 after purchasing an additional 1,193 shares during the period. Straightline Group LLC boosted its stake in shares of Stellantis by 5.0% in the 2nd quarter. Straightline Group LLC now owns 28,248 shares of the company’s stock valued at $283,000 after purchasing an additional 1,352 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Stellantis by 28.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 7,110 shares of the company’s stock worth $77,000 after buying an additional 1,586 shares during the period. Finally, Stifel Financial Corp raised its stake in Stellantis by 7.6% during the fourth quarter. Stifel Financial Corp now owns 23,100 shares of the company’s stock worth $252,000 after buying an additional 1,624 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Company Profile

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.