Stellantis (NYSE:STLA) Price Target Lowered to $6.00 at TD Cowen

Stellantis (NYSE:STLA) had its price objective lowered by analysts at TD Cowen from $9.00 to $6.00 in a report issued on Monday,Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s target price suggests a potential upside of 7.05% from the stock’s current price.

A number of other analysts have also weighed in on STLA. Freedom Capital raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a research report on Monday, April 20th. Truist Financial set a $9.00 price target on shares of Stellantis in a report on Friday, May 22nd. Bank of America downgraded Stellantis from a “neutral” rating to an “underperform” rating in a research report on Monday, May 11th. Finally, HSBC lowered Stellantis from a “hold” rating to a “reduce” rating in a research note on Friday, July 3rd. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.01.

Stellantis Price Performance

STLA stock traded up $0.10 during mid-day trading on Monday, reaching $5.61. 12,616,274 shares of the company traded hands, compared to its average volume of 19,228,684. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.03 and a quick ratio of 0.75. The company has a market capitalization of $21.10 billion, a P/E ratio of 22.42, a P/E/G ratio of 0.21 and a beta of 1.46. Stellantis has a 52-week low of $5.25 and a 52-week high of $12.22. The company has a fifty day moving average price of $6.87 and a 200-day moving average price of $7.94.

Stellantis (NYSE:STLA) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $44.14 billion during the quarter. As a group, analysts anticipate that Stellantis will post 0.93 earnings per share for the current year.

Institutional Trading of Stellantis

A number of hedge funds have recently made changes to their positions in the stock. United Community Bank purchased a new stake in Stellantis during the 4th quarter valued at $26,000. Flagship Harbor Advisors LLC purchased a new position in shares of Stellantis in the fourth quarter valued at about $27,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in shares of Stellantis by 113.6% during the fourth 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 during the last quarter. Cromwell Holdings LLC raised its stake in shares of Stellantis by 1,402.0% during the fourth 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 during the last quarter. Finally, Intesa Sanpaolo Wealth Management purchased a new stake in shares of Stellantis during the fourth quarter worth about $49,000. 59.48% of the stock is owned by institutional investors.

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.