Brokerages Set Stellantis N.V. (NYSE:STLA) Price Target at $11.12

Stellantis N.V. (NYSE:STLAGet Free Report) has been given an average recommendation of “Hold” by the nineteen analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $11.1167.

STLA has been the topic of several research analyst reports. Loop Capital set a $8.00 price objective on shares of Stellantis in a report on Monday, March 2nd. Wolfe Research upgraded shares of Stellantis from an “underperform” rating to a “peer perform” rating in a report on Monday, February 9th. Zacks Research upgraded shares of Stellantis from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Morgan Stanley lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating and set a $10.90 price objective on the stock. in a report on Tuesday, February 3rd. Finally, Citigroup restated a “buy” rating on shares of Stellantis in a report on Thursday, April 16th.

Check Out Our Latest Stock Report on Stellantis

Hedge Funds Weigh In On Stellantis

Institutional investors have recently bought and sold shares of the company. United Community Bank acquired a new position in Stellantis in the 4th quarter valued at about $26,000. Flagship Harbor Advisors LLC acquired a new position in Stellantis in the 4th quarter valued at about $27,000. Montag A & Associates Inc. acquired a new position in Stellantis in the 3rd quarter valued at about $34,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in Stellantis by 113.6% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock valued at $36,000 after acquiring an additional 1,755 shares in the last quarter. Finally, Cromwell Holdings LLC grew its position in Stellantis by 1,402.0% in the 4th quarter. Cromwell Holdings LLC now owns 3,725 shares of the company’s stock valued at $41,000 after acquiring an additional 3,477 shares in the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Stock Down 0.8%

Shares of STLA opened at $7.40 on Wednesday. The firm has a market cap of $27.86 billion, a P/E ratio of 29.61, a price-to-earnings-growth ratio of 0.58 and a beta of 1.39. Stellantis has a 12-month low of $6.28 and a 12-month high of $12.22. The company’s 50-day moving average price is $7.44 and its 200 day moving average price is $9.17. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.50.

Stellantis (NYSE:STLAGet Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $44.14 billion during the quarter. On average, sell-side analysts forecast that Stellantis will post 0.94 earnings per share for the current year.

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About Stellantis

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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.

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Analyst Recommendations for Stellantis (NYSE:STLA)

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