Stellantis (NYSE:STLA) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Stellantis (NYSE:STLA) from a strong sell rating to a hold rating in a research report released on Monday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. Morgan Stanley downgraded Stellantis from an “overweight” rating to an “equal weight” rating and set a $10.90 price target for the company. in a report on Tuesday, February 3rd. DZ Bank raised shares of Stellantis from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, December 4th. Freedom Capital raised Stellantis from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Wolfe Research raised Stellantis from an “underperform” rating to a “peer perform” rating in a research note on Monday. Finally, Wall Street Zen lowered Stellantis from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.67.

Stellantis Stock Up 1.1%

Shares of NYSE STLA opened at $7.57 on Monday. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. Stellantis has a twelve month low of $7.03 and a twelve month high of $14.28. The stock has a fifty day simple moving average of $10.57 and a 200-day simple moving average of $10.15.

Institutional Investors Weigh In On Stellantis

Hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC raised its holdings in shares of Stellantis by 68.8% during the first quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock worth $919,000 after purchasing an additional 33,429 shares during the period. Focus Partners Wealth boosted its holdings in shares of Stellantis by 37.2% during the first quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock valued at $171,000 after acquiring an additional 4,135 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Stellantis by 2.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 83,148 shares of the company’s stock worth $834,000 after acquiring an additional 1,599 shares during the period. Yousif Capital Management LLC lifted its position in Stellantis by 18.9% in the 2nd quarter. Yousif Capital Management LLC now owns 32,218 shares of the company’s stock valued at $323,000 after purchasing an additional 5,115 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Stellantis during the 2nd quarter valued at about $185,000. 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.