Zacks Research Downgrades Stellantis (NYSE:STLA) to Strong Sell

Stellantis (NYSE:STLA) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Citigroup restated a “neutral” rating on shares of Stellantis in a research note on Tuesday, November 11th. Wall Street Zen upgraded Stellantis from a “sell” rating to a “hold” rating in a research note on Monday. Wolfe Research raised Stellantis from an “underperform” rating to a “peer perform” rating in a research report on Monday, February 9th. Sanford C. Bernstein restated a “market perform” rating and issued a $9.90 target price on shares of Stellantis in a research note on Wednesday, January 14th. Finally, Morgan Stanley cut Stellantis from an “overweight” rating to an “equal weight” rating and set a $10.90 price target on the stock. in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.12.

Stellantis Stock Performance

Shares of STLA stock opened at $6.90 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. Stellantis has a 52 week low of $6.85 and a 52 week high of $12.74. The firm’s 50-day simple moving average is $8.92 and its two-hundred day simple moving average is $9.87.

Institutional Trading of Stellantis

A number of institutional investors have recently modified their holdings of STLA. Corient Private Wealth LLC boosted its holdings in Stellantis by 5.7% in the 4th quarter. Corient Private Wealth LLC now owns 38,609 shares of the company’s stock worth $421,000 after buying an additional 2,097 shares during the period. Groupama Asset Managment raised its holdings in Stellantis by 55.9% during the 4th quarter. Groupama Asset Managment now owns 236,270 shares of the company’s stock valued at $2,573,000 after acquiring an additional 84,764 shares during the period. Compound Planning Inc. purchased a new stake in shares of Stellantis during the fourth quarter worth $156,000. Zurich Insurance Group Ltd FI boosted its holdings in shares of Stellantis by 183.8% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 2,084,816 shares of the company’s stock worth $23,157,000 after acquiring an additional 1,350,154 shares during the period. Finally, Tudor Investment Corp ET AL bought a new position in shares of Stellantis in the fourth quarter worth $783,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

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.