Stellantis (NYSE:STLA) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Stellantis (NYSE:STLA) from a sell rating to a hold rating in a report issued on Saturday.

A number of other research analysts also recently commented on STLA. Weiss Ratings reiterated a “sell (d)” rating on shares of Stellantis in a report on Wednesday, October 8th. BNP Paribas upgraded Stellantis to a “hold” rating in a report on Tuesday, September 9th. Bank of America downgraded Stellantis from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $16.50 to $11.75 in a report on Monday, July 7th. Berenberg Bank upgraded Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price objective on the stock in a report on Friday, September 19th. Finally, Zacks Research upgraded Stellantis from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.04.

Stellantis Stock Performance

STLA opened at $10.14 on Friday. Stellantis has a one year low of $8.39 and a one year high of $14.28. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37. The business’s 50-day simple moving average is $9.97 and its 200-day simple moving average is $9.85.

Institutional Trading of Stellantis

A number of large investors have recently made changes to their positions in STLA. Goldman Sachs Group Inc. lifted its position in Stellantis by 208.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 95,367,261 shares of the company’s stock worth $1,069,067,000 after acquiring an additional 64,406,866 shares during the period. Norges Bank acquired a new stake in shares of Stellantis during the second quarter worth $384,724,000. Deutsche Bank AG acquired a new stake in shares of Stellantis during the first quarter worth $368,520,000. Amundi lifted its holdings in shares of Stellantis by 41.0% during the second quarter. Amundi now owns 110,680,258 shares of the company’s stock worth $1,143,327,000 after purchasing an additional 32,206,884 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of Stellantis by 318.6% during the first quarter. Hsbc Holdings PLC now owns 11,808,556 shares of the company’s stock worth $130,893,000 after purchasing an additional 8,987,548 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Company Profile

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.