Stellantis (NYSE:STLA) Sets New 52-Week Low – What’s Next?

Shares of Stellantis N.V. (NYSE:STLA) hit a new 52-week low on Tuesday . The company traded as low as $6.13 and last traded at $6.1250, with a volume of 522948 shares trading hands. The stock had previously closed at $6.38.

Analysts Set New Price Targets

Several research firms have issued reports on STLA. Citigroup reiterated a “neutral” rating on shares of Stellantis in a research note on Tuesday, June 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Stellantis in a research report on Monday, April 20th. Bank of America cut shares of Stellantis from a “neutral” rating to an “underperform” rating in a report on Monday, May 11th. Truist Financial set a $9.00 price objective on shares of Stellantis in a research report on Friday, May 22nd. Finally, Wall Street Zen upgraded shares of Stellantis from a “sell” rating to a “hold” rating in a research note on Monday, March 9th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $10.90.

Stellantis Trading Down 4.1%

The company has a 50 day moving average of $7.57 and a two-hundred day moving average of $8.54. The stock has a market capitalization of $23.02 billion, a PE ratio of 24.54, a P/E/G ratio of 0.41 and a beta of 1.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.75 and a current ratio of 1.03.

Stellantis (NYSE:STLA) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The business had revenue of $44.14 billion during the quarter. Sell-side analysts predict that Stellantis N.V. will post 0.55 EPS for the current year.

Institutional Trading of Stellantis

Institutional investors have recently bought and sold shares of the stock. Landesbank Baden Wuerttemberg grew its position in Stellantis by 376.5% during the 1st quarter. Landesbank Baden Wuerttemberg now owns 81,000 shares of the company’s stock worth $562,000 after purchasing an additional 64,000 shares during the last quarter. Groupama Asset Managment lifted its stake in shares of Stellantis by 308.2% during the first quarter. Groupama Asset Managment now owns 964,571 shares of the company’s stock worth $6,839,000 after buying an additional 728,301 shares during the period. Bank of America Corp DE lifted its stake in shares of Stellantis by 84.7% during the first quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock worth $166,746,000 after buying an additional 10,783,370 shares during the period. Seven Six Capital Management LLC lifted its stake in shares of Stellantis by 13.7% during the first quarter. Seven Six Capital Management LLC now owns 165,900 shares of the company’s stock worth $1,176,000 after buying an additional 20,000 shares during the period. Finally, Centaurus Financial Inc. purchased a new stake in shares of Stellantis during the first quarter valued at $697,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

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.