Stellantis (NYSE:STLA) Stock Price Down 3.3% – What’s Next?
by Jessica Moore · The Cerbat GemStellantis N.V. (NYSE:STLA – Get Free Report)’s share price traded down 3.3% during mid-day trading on Monday . The stock traded as low as $11.28 and last traded at $11.1550. 2,362,705 shares were traded during mid-day trading, a decline of 86% from the average session volume of 16,764,381 shares. The stock had previously closed at $11.54.
Analyst Ratings Changes
A number of research firms have weighed in on STLA. Wall Street Zen upgraded shares of Stellantis from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d)” rating on shares of Stellantis in a research note on Wednesday, October 8th. BNP Paribas downgraded Stellantis from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 11th. DZ Bank upgraded Stellantis from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Finally, Cowen reissued a “hold” rating on shares of Stellantis in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.75.
Check Out Our Latest Research Report on Stellantis
Stellantis Price Performance
The business has a 50 day moving average of $10.80 and a 200 day moving average of $10.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06.
Stellantis (NYSE:STLA – Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($1.32). The firm had revenue of $87.44 billion during the quarter, compared to analyst estimates of $87.94 billion. Research analysts predict that Stellantis N.V. will post 2.3 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC bought a new stake in Stellantis during the second quarter worth approximately $28,000. Montag A & Associates Inc. purchased a new position in shares of Stellantis in the 3rd quarter worth approximately $34,000. SVB Wealth LLC bought a new position in shares of Stellantis during the 1st quarter valued at approximately $35,000. Atlantic Union Bankshares Corp purchased a new stake in Stellantis during the 2nd quarter valued at $37,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Stellantis by 137.9% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 5,524 shares of the company’s stock worth $52,000 after buying an additional 3,202 shares during the last quarter. 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.