Stellantis’ (STLA) Neutral Rating Reaffirmed at JPMorgan Chase & Co.

Stellantis (NYSE:STLA)‘s stock had its “neutral” rating reiterated by research analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, Marketbeat reports.

A number of other equities analysts also recently commented on the stock. Bank of America downgraded shares of Stellantis from a “neutral” rating to an “underperform” rating in a research note on Monday, May 11th. Zacks Research upgraded shares of Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellantis in a research report on Monday, April 20th. Kepler Capital Markets lowered shares of Stellantis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Finally, Truist Financial set a $9.00 price target on shares of Stellantis in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Stellantis currently has an average rating of “Hold” and an average target price of $10.51.

Stellantis Stock Down 1.1%

NYSE:STLA traded down $0.06 during midday trading on Thursday, reaching $5.34. The company had a trading volume of 2,536,646 shares, compared to its average volume of 19,116,553. Stellantis has a 12-month low of $5.25 and a 12-month high of $12.22. The firm has a market capitalization of $20.10 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 0.22 and a beta of 1.46. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.50. The stock’s fifty day simple moving average is $6.96 and its 200-day simple moving average is $8.03.

Stellantis (NYSE:STLA) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The company had revenue of $44.14 billion for the quarter. On average, sell-side analysts anticipate that Stellantis will post 0.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stellantis

A number of institutional investors and hedge funds have recently made changes to their positions in the business. National Bank of Canada FI boosted its stake in shares of Stellantis by 3.7% during the third quarter. National Bank of Canada FI now owns 32,949 shares of the company’s stock worth $306,000 after buying an additional 1,186 shares during the period. Public Employees Retirement System of Ohio increased its position in Stellantis by 0.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 256,463 shares of the company’s stock valued at $1,790,000 after acquiring an additional 1,320 shares during the period. Kestra Advisory Services LLC increased its position in Stellantis by 9.1% in the 1st quarter. Kestra Advisory Services LLC now owns 17,771 shares of the company’s stock valued at $126,000 after acquiring an additional 1,488 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Stellantis by 28.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 7,110 shares of the company’s stock valued at $77,000 after acquiring an additional 1,586 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in Stellantis by 7.6% during the 4th quarter. Stifel Financial Corp now owns 23,100 shares of the company’s stock valued at $252,000 after acquiring an additional 1,624 shares during the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Company Profile

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.