Stellantis (NYSE:STLA) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Stellantis (NYSE:STLA) from a hold rating to a sell rating in a report issued on Sunday morning.

Several other brokerages also recently issued reports on STLA. Weiss Ratings reiterated a “sell (d)” rating on shares of Stellantis in a research report on Wednesday, October 8th. BNP Paribas raised shares of Stellantis to a “hold” rating in a research note on Tuesday, September 9th. Zacks Research upgraded shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Stellantis in a report on Monday, October 13th. Finally, BNP Paribas Exane assumed coverage on Stellantis in a report on Monday, September 8th. They set a “neutral” rating and a $10.10 price objective on the stock. Two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.04.

Stellantis Stock Performance

Stellantis stock traded up $0.13 on Friday, reaching $10.37. The company’s stock had a trading volume of 15,993,894 shares, compared to its average volume of 17,423,072. The business’s fifty day moving average price is $10.01 and its 200 day moving average price is $9.88. 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 twelve month low of $8.39 and a twelve month high of $14.28.

Hedge Funds Weigh In On Stellantis

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC bought a new stake in shares of Stellantis during the 2nd quarter valued at $28,000. SVB Wealth LLC acquired a new stake in shares of Stellantis during the first quarter worth $35,000. Atlantic Union Bankshares Corp bought a new stake in Stellantis in the second quarter valued at about $37,000. Harbour Investments Inc. lifted its stake in Stellantis by 136.5% in the first 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 period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Stellantis by 137.9% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 5,524 shares of the company’s stock worth $52,000 after buying an additional 3,202 shares during the last quarter. 59.48% of the stock is owned by institutional investors.

Stellantis Company Profile

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.