Stellantis N.V. (NYSE:STLA) Receives Average Rating of “Hold” from Brokerages

Stellantis N.V. (NYSE:STLA) has earned a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the firm, MarketBeat reports. Twelve equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $16.49.

A number of equities analysts have recently weighed in on the company. Piper Sandler lowered Stellantis from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $23.00 to $13.00 in a research note on Thursday, March 20th. UBS Group lowered Stellantis from a “buy” rating to a “neutral” rating in a research note on Monday, April 14th. Cowen began coverage on Stellantis in a research report on Thursday, March 6th. They set a “hold” rating on the stock. DZ Bank raised Stellantis from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 22nd. Finally, Redburn Atlantic cut Stellantis from a “buy” rating to a “neutral” rating in a report on Tuesday, April 22nd.

Stellantis Price Performance

Shares of NYSE STLA opened at $9.42 on Friday. The firm has a market cap of $28.46 billion, a P/E ratio of 2.76 and a beta of 1.47. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.30. Stellantis has a 1-year low of $8.39 and a 1-year high of $21.05. The business’s 50 day moving average is $9.87 and its 200-day moving average is $11.64.

Stellantis Announces Dividend

The company also recently declared a dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were issued a dividend of $0.5032 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a yield of 6.07%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its stake in shares of Stellantis by 208.0% in 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 purchasing an additional 64,406,866 shares during the period. Vanguard Group Inc. boosted its holdings in Stellantis by 3.3% in the first quarter. Vanguard Group Inc. now owns 87,342,145 shares of the company’s stock worth $979,629,000 after acquiring an additional 2,791,016 shares in the last quarter. Amundi boosted its holdings in Stellantis by 6.4% in the first quarter. Amundi now owns 78,473,374 shares of the company’s stock worth $801,213,000 after acquiring an additional 4,708,200 shares in the last quarter. Norges Bank bought a new position in Stellantis in the fourth quarter worth approximately $609,076,000. Finally, Deutsche Bank AG bought a new position in Stellantis in the first quarter worth approximately $368,520,000. 59.48% of the stock is owned by institutional investors and hedge funds.

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.