Stellantis N.V. (NYSE:STLA) Receives $11.75 Consensus Target Price from Brokerages

Shares of Stellantis N.V. (NYSE:STLA) have earned an average rating of “Hold” from the seventeen research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $11.75.

Several brokerages recently issued reports on STLA. Berenberg Bank raised shares of Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price target for the company in a report on Friday, September 19th. DZ Bank upgraded shares of Stellantis from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, December 4th. The Goldman Sachs Group raised Stellantis to a “hold” rating in a report on Monday, November 24th. Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th.

Stellantis Trading Down 2.2%

NYSE:STLA opened at $11.68 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. Stellantis has a 12-month low of $8.39 and a 12-month high of $14.28. The firm has a 50-day moving average price of $10.54 and a 200 day moving average price of $9.98.

Stellantis (NYSE:STLA) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of $0.41 by ($1.32). The firm had revenue of $87.44 billion during the quarter, compared to the consensus estimate of $87.94 billion. Equities research analysts predict that Stellantis will post 2.3 earnings per share for the current year.

Institutional Investors Weigh In On Stellantis

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STLA. FNY Investment Advisers LLC acquired a new position in shares of Stellantis during the second quarter worth approximately $28,000. Montag A & Associates Inc. acquired a new stake in shares of Stellantis in the third quarter valued at approximately $34,000. SVB Wealth LLC bought a new position in Stellantis in the 1st quarter worth approximately $35,000. Atlantic Union Bankshares Corp acquired a new position in Stellantis during the 2nd quarter worth $37,000. Finally, Harbour Investments Inc. boosted its position in Stellantis by 136.5% in the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock valued at $43,000 after buying an additional 2,200 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

About Stellantis

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.