Stellantis N.V. (NYSE:STLA) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Stellantis N.V. (NYSE:STLA) have earned an average recommendation of “Reduce” from the nineteen analysts that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $8.66.

STLA has been the subject of several research analyst reports. Piper Sandler downgraded Stellantis from an “overweight” rating to an “underweight” rating and set a $4.00 price objective for the company. in a report on Monday, July 27th. HSBC downgraded shares of Stellantis from a “hold” rating to a “reduce” rating in a research report on Friday, July 3rd. Truist Financial set a $9.00 price target on shares of Stellantis in a research note on Friday, May 22nd. Wall Street Zen downgraded shares of Stellantis from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Finally, Zacks Research upgraded shares of Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th.

Hedge Funds Weigh In On Stellantis

Hedge funds and other institutional investors have recently bought and sold shares of the company. United Community Bank purchased a new stake in shares of Stellantis in the fourth quarter valued at about $26,000. Flagship Harbor Advisors LLC purchased a new position in Stellantis during the fourth quarter worth about $27,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in Stellantis by 113.6% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock valued at $36,000 after purchasing an additional 1,755 shares during the period. Intesa Sanpaolo Wealth Management acquired a new stake in Stellantis in the fourth quarter valued at about $49,000. Finally, Sarver Vrooman Wealth Advisors purchased a new stake in Stellantis in the 4th quarter valued at approximately $52,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Stock Performance

Shares of STLA stock opened at $5.38 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.59. The firm has a fifty day moving average price of $5.95 and a 200 day moving average price of $7.12. The company has a market cap of $20.23 billion, a P/E ratio of 13.78, a PEG ratio of 0.31 and a beta of 1.45. Stellantis has a 12 month low of $5.25 and a 12 month high of $12.22.

Stellantis (NYSE:STLA) last posted its earnings results on Tuesday, June 30th. The company reported $0.14 earnings per share for the quarter. The business had revenue of $49.63 billion for the quarter. Sell-side analysts predict that Stellantis will post 0.61 earnings per share for the current fiscal year.

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.