Stellantis (NYSE:STLA) Raised to Strong-Buy at Freedom Capital

Stellantis (NYSE:STLA) was upgraded by investment analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other research firms also recently weighed in on STLA. BNP Paribas Exane downgraded Stellantis from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 11th. DZ Bank upgraded shares of Stellantis from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Zacks Research downgraded shares of Stellantis from a “hold” rating to a “strong sell” rating in a research note on Friday, January 2nd. Wall Street Zen lowered shares of Stellantis from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Finally, Piper Sandler set a $15.00 price target on shares of Stellantis and gave the company an “overweight” rating in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Stellantis currently has a consensus rating of “Hold” and a consensus price target of $11.67.

Stellantis Price Performance

Shares of NYSE STLA opened at $7.49 on Tuesday. The firm’s 50-day moving average price is $10.57 and its 200-day moving average price is $10.15. 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 12-month low of $7.03 and a 12-month high of $14.28.

Institutional Trading of Stellantis

A number of institutional investors have recently made changes to their positions in the business. United Community Bank purchased a new stake in shares of Stellantis during the fourth quarter worth about $26,000. Flagship Harbor Advisors LLC purchased a new stake in Stellantis during the 4th quarter worth approximately $27,000. FNY Investment Advisers LLC purchased a new stake in Stellantis during the 2nd quarter worth approximately $28,000. Montag A & Associates Inc. acquired a new position in Stellantis during the 3rd quarter valued at approximately $34,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Stellantis in the second quarter worth $37,000. Institutional investors and hedge funds 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.