Stellantis (NYSE:STLA) Shares Gap Down – Should You Sell?

Shares of Stellantis N.V. (NYSE:STLA) gapped down before the market opened on Monday. The stock had previously closed at $4.37, but opened at $4.21. Stellantis shares last traded at $4.2050, with a volume of 4,978,597 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Freedom Broker cut their target price on shares of Stellantis from $7.50 to $6.80 and set a “buy” rating on the stock in a research note on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Stellantis in a report on Tuesday, July 14th. UBS Group cut shares of Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, August 3rd. Evercore set a $7.50 target price on Stellantis in a research note on Friday, July 31st. Finally, Berenberg Bank downgraded Stellantis from a “buy” rating to a “hold” rating in a research note on Wednesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $7.38.

Stellantis Price Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 0.76. The business’s fifty day moving average price is $4.99 and its 200-day moving average price is $6.22. The stock has a market capitalization of $16.13 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 0.35 and a beta of 1.49.

Stellantis (NYSE:STLA) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.14 earnings per share for the quarter. The business had revenue of $49.63 billion during the quarter. On average, research analysts forecast that Stellantis N.V. will post 0.44 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. TD Waterhouse Canada Inc. grew its holdings in Stellantis by 7,589.8% during the third quarter. TD Waterhouse Canada Inc. now owns 553,669 shares of the company’s stock worth $2,597,000 after buying an additional 546,469 shares in the last quarter. Ellsworth Advisors LLC bought a new position in Stellantis during the 3rd quarter valued at $2,022,000. WealthPLAN Partners LLC bought a new position in Stellantis during the 3rd quarter valued at $71,000. KMG Fiduciary Partners LLC purchased a new position in Stellantis during the 3rd quarter worth $78,000. Finally, Taylor & Morgan Wealth Management LLC boosted its holdings in Stellantis by 84.6% during the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 24,000 shares of the company’s stock worth $105,000 after acquiring an additional 11,000 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Company Profile

Stellantis N.V. (NYSE: STLA) is a global automotive company formed in 2021 through the merger of Fiat Chrysler Automobiles and Groupe PSA. The company designs, engineers, manufactures and sells passenger cars, light commercial vehicles and mobility solutions across markets worldwide.

Stellantis operates a broad portfolio of automotive brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall. Its products range from mass-market cars and sport utility vehicles to commercial vans, performance vehicles and luxury automobiles.