Stellantis (NYSE:STLA) Hits New 1-Year Low – What’s Next?

Stellantis N.V. (NYSE:STLAGet Free Report)’s share price hit a new 52-week low on Monday . The company traded as low as $6.85 and last traded at $6.9120, with a volume of 4588758 shares. The stock had previously closed at $7.15.

Stellantis News Roundup

Here are the key news stories impacting Stellantis this week:

Analyst Ratings Changes

Several research analysts have commented on the company. Citigroup reissued a “neutral” rating on shares of Stellantis in a research report on Tuesday, November 11th. Morgan Stanley downgraded Stellantis from an “overweight” rating to an “equal weight” rating and set a $10.90 target price for the company. in a research report on Tuesday, February 3rd. The Goldman Sachs Group upgraded Stellantis to a “hold” rating in a research note on Monday, November 24th. Wolfe Research raised Stellantis from an “underperform” rating to a “peer perform” rating in a research report on Monday, February 9th. Finally, BNP Paribas Exane cut Stellantis from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.12.

Check Out Our Latest Report on Stellantis

Stellantis Price Performance

The business’s 50-day simple moving average is $9.00 and its two-hundred day simple moving average is $9.89. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 0.74.

Institutional Trading of Stellantis

A number of large investors have recently modified their holdings of the company. Corient Private Wealth LLC increased its stake in shares of Stellantis by 5.7% in the fourth quarter. Corient Private Wealth LLC now owns 38,609 shares of the company’s stock valued at $421,000 after purchasing an additional 2,097 shares during the period. Groupama Asset Managment increased its holdings in shares of Stellantis by 55.9% during the fourth quarter. Groupama Asset Managment now owns 236,270 shares of the company’s stock valued at $2,573,000 after purchasing an additional 84,764 shares during the period. Compound Planning Inc. bought a new stake in shares of Stellantis during the fourth quarter valued at about $156,000. Zurich Insurance Group Ltd FI lifted its holdings in Stellantis by 183.8% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 2,084,816 shares of the company’s stock worth $23,157,000 after purchasing an additional 1,350,154 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new position in Stellantis during the 4th quarter valued at about $783,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Company Profile

(Get Free Report)

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.

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