Stellantis N.V. (NYSE:STLA) Given Average Rating of “Hold” by Analysts

by · The Cerbat Gem

Stellantis N.V. (NYSE:STLA – Get Free Report) has been given a consensus recommendation of “Hold” by the seventeen brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $11.75.

Several research analysts recently issued reports on STLA shares. The Goldman Sachs Group raised Stellantis to a “hold” rating in a research report on Monday, November 24th. Berenberg Bank upgraded Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price objective for the company in a research report on Friday, September 19th. BNP Paribas raised Stellantis to a “hold” rating in a research note on Tuesday, September 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Stellantis in a report on Wednesday, October 8th. Finally, Citigroup restated a “neutral” rating on shares of Stellantis in a report on Tuesday, November 11th.

View Our Latest Stock Report on STLA

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers grew its stake in Stellantis by 45.0% during the first quarter. Cetera Investment Advisers now owns 81,456 shares of the company’s stock worth $904,000 after purchasing an additional 25,274 shares during the period. LPL Financial LLC boosted its holdings in shares of Stellantis by 32.6% during the 1st quarter. LPL Financial LLC now owns 244,428 shares of the company’s stock worth $2,740,000 after buying an additional 60,097 shares in the last quarter. Harbour Investments Inc. grew its position in shares of Stellantis by 136.5% during the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock worth $43,000 after buying an additional 2,200 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Stellantis by 68.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 38,513 shares of the company’s stock valued at $432,000 after acquiring an additional 15,644 shares in the last quarter. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Stellantis in the 1st quarter valued at $119,000. 59.48% of the stock is owned by institutional investors.

Stellantis Trading Down 2.5%

Shares of NYSE STLA opened at $11.82 on Friday. The company has a 50 day simple moving average of $10.62 and a 200 day simple moving average of $10.01. 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 1 year low of $8.39 and a 1 year high of $14.28.

Stellantis (NYSE:STLA – Get Free Report) last announced its quarterly earnings results 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 business had revenue of $87.44 billion for the quarter, compared to analysts’ expectations of $87.94 billion. Equities research analysts anticipate that Stellantis will post 2.3 EPS for the current fiscal year.

Stellantis Company Profile

(Get Free Report)

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.

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