Stellantis N.V. (STLA) – What Are Brokerages Thinking About This Stock?

Stellantis N.V. (NYSE:STLA) has earned an average rating of “Reduce” from the twenty research firms that are presently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $7.38.

A number of equities analysts recently issued reports on STLA shares. JPMorgan Chase & Co. restated a “neutral” rating on shares of Stellantis in a report on Thursday, July 9th. HSBC reaffirmed a “reduce” rating on shares of Stellantis in a research report on Friday. Morgan Stanley lowered Stellantis from an “equal weight” rating to an “underweight” rating and set a $5.20 target price on the stock. in a research note on Monday, September 14th. Wall Street Zen downgraded Stellantis from a “sell” rating to a “strong sell” rating in a research report on Saturday. Finally, Citigroup reissued a “neutral” rating on shares of Stellantis in a research note on Thursday, July 9th.

Stellantis Stock Performance

STLA opened at $4.14 on Wednesday. The stock has a market cap of $15.58 billion, a price-to-earnings ratio of 10.61 and a beta of 1.49. The stock’s 50 day moving average price is $4.82 and its 200-day moving average price is $6.69. Stellantis has a one year low of $3.92 and a one year high of $12.22.

Stellantis (NYSE:STLA) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.14 earnings per share for the quarter. The business had revenue of $49.63 billion during the quarter. As a group, analysts predict that Stellantis will post 0.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in STLA. Bank of America Corp DE lifted its holdings in Stellantis by 84.7% during the 1st quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock valued at $166,746,000 after buying an additional 10,783,370 shares in the last quarter. Renaissance Technologies LLC boosted its position in Stellantis by 118.4% in the 1st quarter. Renaissance Technologies LLC now owns 3,365,143 shares of the company’s stock valued at $23,540,000 after buying an additional 1,824,139 shares during the period. Swiss National Bank boosted its position in Stellantis by 26.8% in the 1st quarter. Swiss National Bank now owns 6,981,716 shares of the company’s stock valued at $48,774,000 after buying an additional 1,477,637 shares during the period. Chou Associates Management Inc. bought a new position in Stellantis in the 2nd quarter worth about $8,003,000. Finally, Groupama Asset Managment grew its stake in Stellantis by 308.2% in the 1st quarter. Groupama Asset Managment now owns 964,571 shares of the company’s stock worth $6,839,000 after acquiring an additional 728,301 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Company Profile

Stellantis N.V. (NYSE: STLA) is a global automotive company formed in 2021 through the merger of Fiat Chrysler Automobiles and Groupe PSA. The company designs, engineers, manufactures and sells passenger cars, light commercial vehicles and mobility solutions across markets worldwide.

Stellantis operates a broad portfolio of automotive brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall. Its products range from mass-market cars and sport utility vehicles to commercial vans, performance vehicles and luxury automobiles.