Stellantis N.V. (NYSE:STLA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Stellantis N.V. (NYSE:STLA) have been given a consensus recommendation of “Hold” by the sixteen ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $12.0417.

STLA has been the topic of a number of research analyst reports. BNP Paribas raised shares of Stellantis to a “hold” rating in a report on Tuesday, September 9th. BNP Paribas Exane started coverage on Stellantis in a research report on Monday, September 8th. They issued a “neutral” rating and a $10.10 price objective for the company. Wall Street Zen upgraded Stellantis from a “sell” rating to a “hold” rating in a research note on Monday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellantis in a report on Wednesday, October 8th. Finally, Citigroup reiterated a “neutral” rating on shares of Stellantis in a report on Tuesday, November 11th.

Institutional Investors Weigh In On Stellantis

Several hedge funds have recently bought and sold shares of the stock. FNY Investment Advisers LLC acquired a new position in shares of Stellantis in the second quarter valued at approximately $28,000. SVB Wealth LLC bought a new stake in Stellantis in the 1st quarter valued at $35,000. Montag A & Associates Inc. acquired a new position in Stellantis in the 3rd quarter valued at $34,000. Atlantic Union Bankshares Corp bought a new position in Stellantis during the 2nd quarter worth $37,000. Finally, Harbour Investments Inc. lifted its holdings in shares of Stellantis by 136.5% during the first quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock worth $43,000 after buying an additional 2,200 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Stock Performance

NYSE STLA opened at $9.75 on Wednesday. Stellantis has a 12 month low of $8.39 and a 12 month high of $14.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. The stock has a 50 day moving average of $10.17 and a 200-day moving average of $9.93.

Stellantis (NYSE:STLA) last posted its quarterly earnings results on Thursday, October 30th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($1.32). The business had revenue of $87.44 billion for the quarter, compared to analysts’ expectations of $87.94 billion. As a group, equities analysts expect that Stellantis will post 2.3 earnings per share for the current fiscal year.

About Stellantis

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.