Wall Street Zen Upgrades Stellantis (NYSE:STLA) to “Hold”

Stellantis (NYSE:STLA) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Monday.

STLA has been the subject of several other research reports. Berenberg Bank raised shares of Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price objective for the company in a research note on Friday, September 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Stellantis in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellantis in a report on Wednesday, October 8th. Citigroup reiterated a “neutral” rating on shares of Stellantis in a research report on Tuesday, November 11th. Finally, BNP Paribas Exane initiated coverage on Stellantis in a report on Monday, September 8th. They issued a “neutral” rating and a $10.10 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.04.

Stellantis Price Performance

Shares of NYSE STLA opened at $9.75 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37. Stellantis has a fifty-two week low of $8.39 and a fifty-two week high of $14.28. The stock has a fifty day moving average of $10.17 and a 200-day moving average of $9.93.

Stellantis (NYSE:STLA) last issued its earnings results on Thursday, October 30th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of $0.41 by ($1.32). The business had revenue of $87.44 billion during the quarter, compared to analyst estimates of $87.94 billion. Sell-side analysts forecast that Stellantis will post 2.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Stellantis

A number of hedge funds and other institutional investors have recently modified their holdings of STLA. Goldman Sachs Group Inc. raised its holdings in shares of Stellantis by 208.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 95,367,261 shares of the company’s stock valued at $1,069,067,000 after buying an additional 64,406,866 shares in the last quarter. Norges Bank bought a new position in Stellantis during the second quarter valued at approximately $384,724,000. Deutsche Bank AG purchased a new position in shares of Stellantis during the first quarter worth approximately $368,520,000. Amundi lifted its holdings in shares of Stellantis by 41.0% in the 2nd quarter. Amundi now owns 110,680,258 shares of the company’s stock worth $1,143,327,000 after acquiring an additional 32,206,884 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its stake in shares of Stellantis by 6,148.4% in the 3rd quarter. Quadrature Capital Ltd now owns 14,945,564 shares of the company’s stock valued at $137,891,000 after purchasing an additional 14,706,375 shares in the last quarter. 59.48% of the stock is currently owned by hedge funds and other 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.