Stellantis (NYSE:STLA) Shares Gap Down – What’s Next?
by Tristan Rich · The Markets DailyShares of Stellantis N.V. (NYSE:STLA – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $11.31, but opened at $10.95. Stellantis shares last traded at $11.0150, with a volume of 1,657,908 shares.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on STLA shares. Wall Street Zen cut shares of Stellantis from a “hold” rating to a “sell” rating in a research report on Sunday, December 28th. Zacks Research downgraded Stellantis from a “hold” rating to a “strong sell” rating in a research report on Friday. Citigroup reaffirmed a “neutral” rating on shares of Stellantis in a research note on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Stellantis in a report on Monday, October 13th. Finally, The Goldman Sachs Group raised Stellantis to a “hold” rating in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.75.
Read Our Latest Stock Analysis on Stellantis
Stellantis Stock Performance
The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06. The firm’s fifty day simple moving average is $10.87 and its 200 day simple moving average is $10.17.
Stellantis (NYSE:STLA – Get Free Report) last released 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 during the quarter, compared to analysts’ expectations of $87.94 billion. On average, analysts forecast that Stellantis N.V. will post 2.3 EPS for the current year.
Institutional Trading of Stellantis
A number of institutional investors have recently made changes to their positions in STLA. Advisors Asset Management Inc. boosted its stake in shares of Stellantis by 7.2% during the 1st quarter. Advisors Asset Management Inc. now owns 58,070 shares of the company’s stock worth $651,000 after buying an additional 3,885 shares during the last quarter. AQR Capital Management LLC boosted its position in Stellantis by 68.8% during the first quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock valued at $919,000 after purchasing an additional 33,429 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Stellantis by 16.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 363,575 shares of the company’s stock worth $4,030,000 after purchasing an additional 50,794 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Stellantis during the 1st quarter worth approximately $351,000. Finally, Great Lakes Advisors LLC grew its stake in shares of Stellantis by 28.0% in the first quarter. Great Lakes Advisors LLC now owns 185,320 shares of the company’s stock valued at $2,077,000 after buying an additional 40,511 shares in 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.