Stellantis (NYSE:STLA) Hits New 52-Week Low – What’s Next?

Stellantis N.V. (NYSE:STLA)’s stock price hit a new 52-week low on Tuesday. The company traded as low as $4.43 and last traded at $4.3950, with a volume of 11823779 shares. The stock had previously closed at $4.62.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on STLA shares. Morgan Stanley downgraded Stellantis from an “equal weight” rating to an “underweight” rating and set a $5.20 price objective on the stock. in a research note on Monday, September 14th. TD Cowen reaffirmed a “hold” rating on shares of Stellantis in a research report on Wednesday, August 26th. Weiss Ratings lowered shares of Stellantis from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 4th. Evercore set a $7.50 price objective on shares of Stellantis in a research note on Friday, July 31st. Finally, Sanford C. Bernstein downgraded shares of Stellantis from a “market perform” rating to an “underperform” rating in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat.com, Stellantis currently has a consensus rating of “Reduce” and a consensus price target of $7.45.

Stellantis Trading Down 4.0%

The company has a market capitalization of $16.69 billion, a P/E ratio of 11.37, a P/E/G ratio of 0.32 and a beta of 1.44. The company has a 50-day simple moving average of $5.35 and a 200 day simple moving average of $6.44. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.76 and a current ratio of 1.04.

Stellantis (NYSE:STLA) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $49.63 billion during the quarter. Sell-side analysts expect that Stellantis N.V. will post 0.51 earnings per share for the current year.

Institutional Investors Weigh In On Stellantis

Several hedge funds have recently made changes to their positions in STLA. Norges Bank acquired a new stake in Stellantis during the fourth quarter worth about $553,692,000. Bank of America Corp DE increased its position in shares of Stellantis by 84.7% during the first quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock valued at $166,746,000 after purchasing an additional 10,783,370 shares during the period. Banco Santander S.A. increased its position in shares of Stellantis by 99.9% during the fourth quarter. Banco Santander S.A. now owns 19,046,160 shares of the company’s stock valued at $207,413,000 after purchasing an additional 9,520,576 shares during the period. Franklin Resources Inc. raised its stake in shares of Stellantis by 122.8% in the fourth quarter. Franklin Resources Inc. now owns 18,753,235 shares of the company’s stock valued at $205,019,000 after purchasing an additional 10,337,920 shares in the last quarter. Finally, Swiss National Bank lifted its position in Stellantis by 26.8% in the first quarter. Swiss National Bank now owns 6,981,716 shares of the company’s stock worth $48,774,000 after purchasing an additional 1,477,637 shares during the period. Institutional investors own 59.48% of the company’s stock.

About Stellantis

Stellantis N.V. is a global automotive company that designs, engineers, manufactures and sells passenger cars, light commercial vehicles and related mobility products and services. Its portfolio includes brands such as Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot and Ram.

The company serves customers across North America, Europe, South America, the Middle East and Africa, and other international markets. Its operations include vehicle manufacturing and distribution, financing and leasing, aftermarket parts and services, and the development of connected, electric and software-enabled vehicle technologies.

Stellantis was created in 2021 through the merger of Fiat Chrysler Automobiles and France’s Groupe PSA.