Analysts Set Stellantis N.V. (NYSE:STLA) Target Price at $11.75

Shares of Stellantis N.V. (NYSE:STLA) have been given a consensus recommendation of “Hold” by the seventeen analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.75.

A number of analysts have commented on the company. The Goldman Sachs Group upgraded Stellantis to a “hold” rating in a research report on Monday, November 24th. Wall Street Zen cut shares of Stellantis from a “hold” rating to a “sell” rating in a research note on Sunday, December 28th. DZ Bank upgraded shares of Stellantis from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, December 4th. UBS Group raised shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Tuesday, December 2nd. Finally, BNP Paribas Exane initiated coverage on shares of Stellantis in a research report on Monday, September 8th. They issued a “neutral” rating and a $10.10 price target on the stock.

Stellantis Stock Performance

STLA stock opened at $11.33 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. The company’s 50-day moving average price is $10.87 and its 200 day moving average price is $10.17. Stellantis has a 52 week low of $8.39 and a 52 week high of $14.28.

Stellantis (NYSE:STLA) last posted its quarterly earnings results on Thursday, October 30th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.32). The firm had revenue of $87.44 billion for the quarter, compared to the consensus estimate of $87.94 billion. On average, equities analysts expect that Stellantis will post 2.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Stellantis

Several hedge funds have recently bought and sold shares of STLA. Norges Bank purchased a new stake in shares of Stellantis in the second quarter valued at $384,724,000. Amundi raised its stake in Stellantis by 41.0% in the 2nd quarter. Amundi now owns 110,680,258 shares of the company’s stock valued at $1,143,327,000 after purchasing an additional 32,206,884 shares during the last quarter. Quadrature Capital Ltd raised its stake in Stellantis by 6,148.4% in the 3rd quarter. Quadrature Capital Ltd now owns 14,945,564 shares of the company’s stock valued at $137,891,000 after purchasing an additional 14,706,375 shares during the last quarter. Bank of Italy lifted its holdings in Stellantis by 11.6% in the 3rd quarter. Bank of Italy now owns 36,630,307 shares of the company’s stock valued at $338,212,000 after purchasing an additional 3,800,000 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Stellantis by 137.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,832,266 shares of the company’s stock worth $54,473,000 after purchasing an additional 3,373,933 shares during the last quarter. Hedge funds and other 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.