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

Stellantis N.V. (NYSE:STLA)’s stock price hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $4.43 and last traded at $4.3950, with a volume of 11823779 shares traded. The stock had previously closed at $4.62.

Wall Street Analyst Weigh In

STLA has been the topic of a number of recent research reports. TD Cowen restated a “hold” rating on shares of Stellantis in a research note on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Stellantis in a research report on Tuesday, July 14th. Citigroup reiterated a “neutral” rating on shares of Stellantis in a research note on Thursday, July 9th. Wall Street Zen raised Stellantis from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 19th. Finally, UBS Group downgraded shares of Stellantis from a “buy” rating to a “neutral” rating in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $7.45.

Stellantis Stock Down 1.2%

The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.76 and a current ratio of 1.04. The stock’s fifty day simple moving average is $5.29 and its two-hundred day simple moving average is $6.40. The stock has a market capitalization of $16.47 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 0.31 and a beta of 1.44.

Stellantis (NYSE:STLA) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $49.63 billion for the quarter. As a group, research analysts expect that Stellantis N.V. will post 0.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Stellantis

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in Stellantis by 84.7% in the first quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock valued at $166,746,000 after purchasing an additional 10,783,370 shares in the last quarter. Banco Santander S.A. grew its stake in shares of Stellantis by 99.9% in the 4th quarter. Banco Santander S.A. now owns 19,046,160 shares of the company’s stock valued at $207,413,000 after buying an additional 9,520,576 shares during the period. Franklin Resources Inc. increased its position in Stellantis by 122.8% in the 4th quarter. Franklin Resources Inc. now owns 18,753,235 shares of the company’s stock valued at $205,019,000 after buying an additional 10,337,920 shares in the last quarter. Swiss National Bank raised its stake in Stellantis by 26.8% during the 1st quarter. Swiss National Bank now owns 6,981,716 shares of the company’s stock worth $48,774,000 after buying an additional 1,477,637 shares during the period. Finally, Capital Research Global Investors raised its stake in Stellantis by 34.9% during the 4th quarter. Capital Research Global Investors now owns 4,236,161 shares of the company’s stock worth $46,769,000 after buying an additional 1,096,413 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

About Stellantis

Stellantis N.V. is a global automotive company that designs, engineers, manufactures and sells passenger cars, light commercial vehicles and related mobility products and services. Its portfolio includes brands such as Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot and Ram.

The company serves customers across North America, Europe, South America, the Middle East and Africa, and other international markets. Its operations include vehicle manufacturing and distribution, financing and leasing, aftermarket parts and services, and the development of connected, electric and software-enabled vehicle technologies.

Stellantis was created in 2021 through the merger of Fiat Chrysler Automobiles and France’s Groupe PSA.