Stellantis (NYSE:STLA) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Stellantis (NYSE:STLA) from a hold rating to a sell rating in a report issued on Sunday morning.

STLA has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Stellantis in a research report on Monday, October 13th. BNP Paribas downgraded shares of Stellantis from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th. BNP Paribas Exane started coverage on Stellantis in a report on Monday, September 8th. They issued a “neutral” rating and a $10.10 price target for the company. Zacks Research upgraded Stellantis from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Stellantis in a report on Wednesday, October 8th. One 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.75.

Stellantis Trading Down 0.0%

STLA opened at $11.05 on Friday. The business has a fifty day moving average of $10.85 and a 200 day moving average of $10.13. 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 has a 52-week low of $8.39 and a 52-week high of $14.28.

Stellantis (NYSE:STLA) last released its earnings results on Thursday, October 30th. The company reported ($0.91) earnings per share 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. As a group, equities analysts predict that Stellantis will post 2.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Stellantis

Institutional investors have recently bought and sold shares of the business. National Bank of Canada FI boosted its holdings in Stellantis by 3.7% during the third quarter. National Bank of Canada FI now owns 32,949 shares of the company’s stock worth $306,000 after buying an additional 1,186 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Stellantis by 2.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 59,263 shares of the company’s stock worth $594,000 after acquiring an additional 1,193 shares in the last quarter. Straightline Group LLC boosted its stake in shares of Stellantis by 5.0% during the 2nd quarter. Straightline Group LLC now owns 28,248 shares of the company’s stock worth $283,000 after acquiring an additional 1,352 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Stellantis by 2.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 83,148 shares of the company’s stock valued at $834,000 after acquiring an additional 1,599 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Stellantis by 10.2% in the 3rd quarter. Blue Trust Inc. now owns 19,258 shares of the company’s stock valued at $180,000 after purchasing an additional 1,780 shares in the last quarter. 59.48% of the stock is 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.