Stellantis N.V. (NYSE:STLA – Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $5.43, but opened at $5.16. Stellantis shares last traded at $5.1230, with a volume of 5,244,788 shares changing hands.
Analysts Set New Price Targets
Several research analysts have commented on the company. Sanford C. Bernstein lowered Stellantis from a “market perform” rating to an “underperform” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Stellantis in a report on Thursday, July 9th. Citigroup reiterated a “neutral” rating on shares of Stellantis in a research note on Thursday, July 9th. UBS Group cut Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Stellantis in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $8.66.
Get Our Latest Research Report on STLA
Stellantis Stock Down 4.1%
Stellantis (NYSE:STLA – Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $0.14 EPS for the quarter. The company had revenue of $49.63 billion for the quarter. On average, equities analysts forecast that Stellantis N.V. will post 0.61 EPS for the current year.
Hedge Funds Weigh In On Stellantis
Several institutional investors and hedge funds have recently bought and sold shares of the stock. United Community Bank acquired a new position in Stellantis during the fourth quarter valued at approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in shares of Stellantis by 113.6% during the fourth 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 acquired a new position in shares of Stellantis during the fourth quarter worth about $49,000. Sarver Vrooman Wealth Advisors purchased a new stake in shares of Stellantis in the fourth quarter worth about $52,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Stellantis by 63.8% in 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 during the period. Institutional investors and hedge funds 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.
Featured Articles
- Five stocks we like better than Stellantis
- Viking Stock Fell After Earnings, But the Numbers Tell a Different Story
- 3 Ways to Invest in Cybersecurity Through ETFs
- TJX Companies Stock Drop Sets Up Buy Signal as Analysts Stay Bullish
- Nasdaq’s 23-Hour Trading Push Could Turn Global Liquidity Into a Growth Engine
Receive News & Ratings for Stellantis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stellantis and related companies with MarketBeat.com's FREE daily email newsletter.
