Stellantis (NYSE:STLA) Hits New 12-Month Low – Should You Sell?

Stellantis N.V. (NYSE:STLA)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $4.73 and last traded at $4.7250, with a volume of 3264463 shares traded. The stock had previously closed at $4.83.

Wall Street Analyst Weigh In

STLA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Stellantis in a research note on Thursday, July 9th. Piper Sandler downgraded Stellantis from an “overweight” rating to an “underweight” rating and set a $4.00 target price for the company. in a research report on Monday, July 27th. Citigroup reiterated a “neutral” rating on shares of Stellantis in a research report on Thursday, July 9th. Sanford C. Bernstein downgraded Stellantis from a “market perform” rating to an “underperform” rating in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded Stellantis from a “strong sell” rating to a “sell” rating in a report on Saturday. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $7.45.

Stellantis Trading Down 2.4%

The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.76 and a current ratio of 1.04. The firm has a market capitalization of $17.75 billion, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 0.33 and a beta of 1.44. The firm has a 50 day moving average price of $5.45 and a two-hundred day moving average price of $6.51.

Stellantis (NYSE:STLA) last announced its earnings results on Tuesday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $49.63 billion for the quarter. On average, equities research analysts expect that Stellantis N.V. will post 0.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. WINTON GROUP Ltd purchased a new position in shares of Stellantis in the second quarter worth approximately $769,000. Engineers Gate Manager LP lifted its position in shares of Stellantis by 439.1% in the 2nd quarter. Engineers Gate Manager LP now owns 333,091 shares of the company’s stock valued at $1,894,000 after acquiring an additional 271,303 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Stellantis by 21.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 53,102 shares of the company’s stock valued at $305,000 after acquiring an additional 9,465 shares in the last quarter. IFP Advisors Inc boosted its stake in Stellantis by 1,534.8% in the 2nd quarter. IFP Advisors Inc now owns 4,463 shares of the company’s stock worth $26,000 after purchasing an additional 4,190 shares during the period. Finally, Corient Private Wealth LP boosted its stake in Stellantis by 77.6% in the 2nd quarter. Corient Private Wealth LP now owns 31,604 shares of the company’s stock worth $182,000 after purchasing an additional 13,811 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Company Profile

Stellantis N.V. (NYSE: STLA) is a global automaker that designs, develops, manufactures and sells passenger cars, light commercial vehicles and related mobility products and services. The company serves customers across North America, Europe, South America, the Middle East, Africa and other international markets.

Stellantis’ portfolio includes a broad range of vehicle brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall.