Stellantis (NYSE:STLA) Stock Rating Lowered by Bank of America

Stellantis (NYSE:STLA) was downgraded by equities researchers at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued to investors on Monday, MarketBeat reports.

STLA has been the topic of several other reports. Wall Street Zen upgraded shares of Stellantis from a “sell” rating to a “hold” rating in a research note on Monday, March 9th. Citigroup reiterated a “buy” rating on shares of Stellantis in a research note on Thursday, April 16th. Morgan Stanley cut shares of Stellantis from an “overweight” rating to an “equal weight” rating and set a $10.90 target price on the stock. in a research note on Tuesday, February 3rd. HSBC reiterated a “hold” rating on shares of Stellantis in a research note on Tuesday, January 13th. Finally, Kepler Capital Markets cut shares of Stellantis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $11.12.

Stellantis Stock Up 0.2%

STLA opened at $7.76 on Monday. The company has a 50 day moving average of $7.46 and a 200 day moving average of $9.24. The company has a market cap of $29.19 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 0.58 and a beta of 1.39. Stellantis has a 12 month low of $6.28 and a 12 month high of $12.22. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.50.

Stellantis (NYSE:STLA) last posted its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $44.14 billion during the quarter. On average, sell-side analysts expect that Stellantis will post 0.96 EPS for the current year.

Institutional Trading of Stellantis

Institutional investors and hedge funds have recently made changes to their positions in the stock. United Community Bank purchased a new stake in shares of Stellantis during the 4th quarter valued at $26,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Stellantis during the 4th quarter valued at $27,000. Montag A & Associates Inc. purchased a new stake in shares of Stellantis during the 3rd quarter valued at $34,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Stellantis by 113.6% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock worth $36,000 after purchasing an additional 1,755 shares during the period. Finally, Cromwell Holdings LLC raised its position in Stellantis by 1,402.0% in the 4th quarter. Cromwell Holdings LLC now owns 3,725 shares of the company’s stock worth $41,000 after purchasing an additional 3,477 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

About Stellantis

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.