Shares of Stellantis N.V. (NYSE:STLA – Get Free Report) have been given a consensus recommendation of “Reduce” by the nineteen brokerages that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $8.50.
A number of equities analysts have weighed in on the company. Truist Financial set a $9.00 price objective on Stellantis in a research note on Friday, May 22nd. Wall Street Zen lowered Stellantis from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. TD Cowen reiterated a “hold” rating on shares of Stellantis in a research report on Wednesday, August 26th. Weiss Ratings downgraded Stellantis from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday. Finally, Bank of America lowered Stellantis from a “neutral” rating to an “underperform” rating in a research report on Monday, May 11th.
Read Our Latest Stock Analysis on Stellantis
Stellantis Price Performance
Stellantis (NYSE:STLA – Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.14 earnings per share for the quarter. The company had revenue of $49.63 billion for the quarter. As a group, equities analysts expect that Stellantis will post 0.61 EPS for the current fiscal year.
Hedge Funds Weigh In On Stellantis
Hedge funds have recently bought and sold shares of the business. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in Stellantis by 113.6% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock worth $36,000 after purchasing an additional 1,755 shares in the last quarter. Intesa Sanpaolo Wealth Management purchased a new stake in shares of Stellantis in the fourth quarter valued at approximately $49,000. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Stellantis in the fourth quarter valued at approximately $52,000. EverSource Wealth Advisors LLC lifted its position in Stellantis by 63.8% during the second quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock worth $63,000 after buying an additional 2,448 shares in the last quarter. Finally, MASTERINVEST Kapitalanlage GmbH purchased a new position in Stellantis during the second quarter worth approximately $65,000. 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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