Stellantis (NYSE:STLA) Sets New 1-Year Low on Analyst Downgrade

Stellantis N.V. (NYSE:STLA) reached a new 52-week low during mid-day trading on Wednesday after Berenberg Bank downgraded the stock from a buy rating to a hold rating. The stock traded as low as $5.05 and last traded at $5.0650, with a volume of 989481 shares. The stock had previously closed at $5.11.

Several other brokerages have also issued reports on STLA. Citigroup reaffirmed a “neutral” rating on shares of Stellantis in a research report on Thursday, July 9th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Stellantis in a research note on Thursday, July 9th. Wall Street Zen downgraded shares of Stellantis from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. Evercore set a $7.50 price objective on shares of Stellantis in a research report on Friday, July 31st. Finally, Morgan Stanley downgraded shares of Stellantis from an “equal weight” rating to an “underweight” rating and set a $5.20 target price on the stock. in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $7.87.

Institutional Trading of Stellantis

Several institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc lifted its position in shares of Stellantis by 1,534.8% during the 2nd quarter. IFP Advisors Inc now owns 4,463 shares of the company’s stock valued at $26,000 after buying an additional 4,190 shares in the last quarter. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Stellantis in the fourth quarter valued at about $52,000. MinichMacGregor Wealth Management LLC acquired a new position in shares of Stellantis during the 1st quarter worth approximately $73,000. MASTERINVEST Kapitalanlage GmbH acquired a new position in Stellantis during the second quarter worth $65,000. Finally, Summit Financial Strategies Inc. purchased a new stake in Stellantis in the 1st quarter valued at $83,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Stock Down 0.9%

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 business has a 50 day simple moving average of $5.51 and a 200-day simple moving average of $6.61. The firm has a market capitalization of $19.06 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 0.30 and a beta of 1.44.

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 firm had revenue of $49.63 billion during the quarter. On average, equities analysts expect that Stellantis N.V. will post 0.61 EPS for the current year.

About Stellantis

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.