Stellantis N.V. (NYSE:STLA) Stock Has Consensus Target Price of $7.45

Shares of Stellantis N.V. (NYSE:STLA – Get Free Report) have been assigned a consensus recommendation of “Reduce” from the nineteen brokerages that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a sell rating, ten have given a hold 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 $7.45.

STLA has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Stellantis in a research report on Tuesday, July 14th. Sanford C. Bernstein lowered shares of Stellantis from a “market perform” rating to an “underperform” rating in a research note on Friday, August 7th. Berenberg Bank downgraded shares of Stellantis from a “buy” rating to a “hold” rating in a report on Wednesday, September 16th. TD Cowen reaffirmed a “hold” rating on shares of Stellantis in a research report on Wednesday, August 26th. Finally, HSBC downgraded Stellantis from a “hold” rating to a “reduce” rating in a report on Friday, July 3rd.

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Institutional Trading of Stellantis

Institutional investors have recently made changes to their positions in the company. IFP Advisors Inc lifted its position in shares of Stellantis by 1,534.8% during the second quarter. IFP Advisors Inc now owns 4,463 shares of the company’s stock valued at $26,000 after purchasing an additional 4,190 shares in the last quarter. Versant Capital Management Inc grew its position in Stellantis by 31.4% in the 3rd quarter. Versant Capital Management Inc now owns 14,496 shares of the company’s stock worth $64,000 after purchasing an additional 3,467 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH purchased a new stake in Stellantis in the 2nd quarter valued at about $65,000. MinichMacGregor Wealth Management LLC purchased a new stake in Stellantis in the 1st quarter valued at about $73,000. Finally, Taylor & Morgan Wealth Management LLC bought a new position in shares of Stellantis during the 2nd quarter worth approximately $75,000. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Performance

Shares of Stellantis stock opened at $4.51 on Friday. Stellantis has a one year low of $4.30 and a one year high of $12.22. The firm has a market capitalization of $16.97 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 0.31 and a beta of 1.49. The business has a 50-day simple moving average of $5.22 and a 200 day simple moving average of $6.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 0.76.

Stellantis (NYSE:STLA – Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $49.63 billion during the quarter. On average, research analysts anticipate that Stellantis will post 0.51 earnings per share for the current fiscal year.

About Stellantis

(Get Free Report)

Stellantis N.V. is a global automotive company that designs, engineers, manufactures and sells passenger cars, light commercial vehicles and related mobility products and services. Its portfolio includes brands such as Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot and Ram.

The company serves customers across North America, Europe, South America, the Middle East and Africa, and other international markets. Its operations include vehicle manufacturing and distribution, financing and leasing, aftermarket parts and services, and the development of connected, electric and software-enabled vehicle technologies.

Stellantis was created in 2021 through the merger of Fiat Chrysler Automobiles and France’s Groupe PSA.

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