Stellantis (NYSE:STLA) Stock Rating Raised to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Stellantis (NYSE:STLA) from a strong sell rating to a hold rating in a research report released on Sunday,Wall Street Zen reports.

A number of other research analysts also recently issued reports on the company. Berenberg Bank downgraded Stellantis from a “buy” rating to a “hold” rating in a research note on Wednesday, September 16th. Weiss Ratings cut Stellantis from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 4th. Sanford C. Bernstein lowered Stellantis from a “market perform” rating to an “underperform” rating in a research note on Friday, August 7th. Morgan Stanley lowered shares of Stellantis from an “equal weight” rating to an “underweight” rating and set a $5.20 target price for the company. in a research note on Monday, September 14th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Stellantis in a report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $7.38.

Stellantis Price Performance

Stellantis stock opened at $4.64 on Friday. The stock has a market capitalization of $17.46 billion, a P/E ratio of 11.90, a P/E/G ratio of 0.39 and a beta of 1.48. The firm’s 50-day moving average is $4.79 and its two-hundred day moving average is $6.60. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.02 and a quick ratio of 0.72. Stellantis has a 12-month low of $3.92 and a 12-month high of $12.22.

Stellantis (NYSE:STLA) last announced its quarterly earnings data on Wednesday, October 28th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.26). The business had revenue of $42.60 billion during the quarter, compared to analysts’ expectations of $46.96 billion. Equities analysts predict that Stellantis will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On Stellantis

Several institutional investors have recently added to or reduced their stakes in STLA. Bank of America Corp DE lifted its stake in shares of Stellantis by 84.7% in the first quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock worth $166,746,000 after acquiring an additional 10,783,370 shares in the last quarter. Swiss National Bank grew its stake in shares of Stellantis by 26.8% in the first quarter. Swiss National Bank now owns 6,981,716 shares of the company’s stock valued at $48,774,000 after buying an additional 1,477,637 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Stellantis by 19.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,501,139 shares of the company’s stock worth $24,810,000 after acquiring an additional 574,048 shares during the period. Renaissance Technologies LLC increased its stake in shares of Stellantis by 118.4% in the 1st quarter. Renaissance Technologies LLC now owns 3,365,143 shares of the company’s stock valued at $23,540,000 after acquiring an additional 1,824,139 shares in the last quarter. Finally, Chou Associates Management Inc. bought a new stake in Stellantis in the 2nd quarter valued at about $8,003,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

About Stellantis

Stellantis N.V. (NYSE: STLA) is a global automotive company formed in 2021 through the merger of Fiat Chrysler Automobiles and Groupe PSA. The company designs, engineers, manufactures and sells passenger cars, light commercial vehicles and mobility solutions across markets worldwide.

Stellantis operates a broad portfolio of automotive brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall. Its products range from mass-market cars and sport utility vehicles to commercial vans, performance vehicles and luxury automobiles.