Stellantis (NYSE:STLA) Upgraded to “Hold” at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Stellantis (NYSE:STLA) to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Stellantis in a research note on Monday, October 13th. Berenberg Bank upgraded Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price objective for the company in a research report on Friday, September 19th. Citigroup reissued a “neutral” rating on shares of Stellantis in a research note on Tuesday, November 11th. Zacks Research raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, BNP Paribas Exane initiated coverage on shares of Stellantis in a research report on Monday, September 8th. They set a “neutral” rating and a $10.10 price target for the company. Two research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.75.

Stellantis Stock Up 3.9%

Shares of STLA opened at $10.53 on Monday. Stellantis has a fifty-two week low of $8.39 and a fifty-two week high of $14.28. The firm has a 50 day moving average price of $10.22 and a 200-day moving average price of $9.94. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its position in shares of Stellantis by 117.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 106,736 shares of the company’s stock worth $1,194,000 after purchasing an additional 57,750 shares during the period. Private Advisor Group LLC raised its stake in Stellantis by 31.8% in the first quarter. Private Advisor Group LLC now owns 23,677 shares of the company’s stock worth $265,000 after buying an additional 5,712 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Stellantis by 45.0% in the first quarter. Cetera Investment Advisers now owns 81,456 shares of the company’s stock worth $904,000 after buying an additional 25,274 shares during the period. LPL Financial LLC boosted its position in Stellantis by 32.6% during the 1st quarter. LPL Financial LLC now owns 244,428 shares of the company’s stock valued at $2,740,000 after acquiring an additional 60,097 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Stellantis during the 1st quarter worth approximately $237,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

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.