Wall Street Zen lowered shares of Stellantis (NYSE:STLA – Free Report) from a sell rating to a strong sell rating in a research report report published on Saturday morning.
A number of other brokerages also recently commented on STLA. TD Cowen dropped their target price on shares of Stellantis from $9.00 to $6.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. UBS Group downgraded shares of Stellantis from a “buy” rating to a “neutral” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Stellantis in a report on Thursday, July 9th. Truist Financial set a $9.00 price objective on Stellantis in a research note on Friday, May 22nd. Finally, Zacks Research upgraded Stellantis from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $8.66.
Read Our Latest Stock Analysis on Stellantis
Stellantis Trading Down 3.4%
Stellantis (NYSE:STLA – Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.14 EPS for the quarter. The company had revenue of $49.63 billion during the quarter. Equities research analysts forecast that Stellantis will post 0.61 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in STLA. Readystate Asset Management LP purchased a new stake in shares of Stellantis in the 2nd quarter worth approximately $718,000. XY Capital Ltd purchased a new position in Stellantis during the second quarter valued at approximately $149,000. AlphaGrep UK Ltd purchased a new position in Stellantis during the second quarter valued at approximately $307,000. Headlands Technologies LLC bought a new position in Stellantis in the second quarter worth approximately $625,000. Finally, Public Employees Retirement System of Ohio bought a new position in Stellantis in the second quarter worth approximately $1,686,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.
Stellantis Company Profile
Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.
In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.
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