Stellantis (NYSE:STLA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Stellantis (NYSE:STLA) from a sell rating to a hold rating in a research note released on Monday.

A number of other analysts have also weighed in on STLA. BNP Paribas upgraded shares of Stellantis to a “hold” rating in a research note on Tuesday, September 9th. BNP Paribas Exane initiated coverage on Stellantis in a research report on Monday, September 8th. They set a “neutral” rating and a $10.10 price target on the stock. Citigroup reissued a “neutral” rating on shares of Stellantis in a report on Tuesday, November 11th. Berenberg Bank upgraded Stellantis from a “hold” rating to a “buy” rating and set a $11.20 target price on the stock in a research note on Friday, September 19th. Finally, Zacks Research raised Stellantis from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.04.

Stellantis Price Performance

Shares of STLA stock opened at $9.71 on Monday. Stellantis has a fifty-two week low of $8.39 and a fifty-two week high of $14.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. The stock’s 50-day simple moving average is $10.19 and its 200-day simple moving average is $9.93.

Stellantis (NYSE:STLA) last released 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 during the quarter, compared to analysts’ expectations of $87.94 billion. On average, analysts forecast that Stellantis will post 2.3 EPS for the current year.

Institutional Trading of Stellantis

A number of institutional investors and hedge funds have recently made changes to their positions in STLA. FNY Investment Advisers LLC purchased a new position in shares of Stellantis during the 2nd quarter valued at approximately $28,000. SVB Wealth LLC acquired a new position in Stellantis during the first quarter worth $35,000. Montag A & Associates Inc. purchased a new position in Stellantis during the third quarter valued at $34,000. Atlantic Union Bankshares Corp purchased a new position in Stellantis during the second quarter valued at $37,000. Finally, Harbour Investments Inc. grew its position in shares of Stellantis by 136.5% in the first quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock valued at $43,000 after purchasing an additional 2,200 shares during the period. 59.48% of the stock is currently 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.