Stellantis (NYSE:STLA) Hits New 12-Month Low – Time to Sell?

Shares of Stellantis N.V. (NYSE:STLA) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.43 and last traded at $5.4550, with a volume of 3070588 shares trading hands. The stock had previously closed at $5.65.

Analyst Ratings Changes

STLA has been the subject of several research analyst reports. HSBC cut Stellantis from a “hold” rating to a “reduce” rating in a research report on Friday, July 3rd. Zacks Research raised Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Kepler Capital Markets lowered Stellantis from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Bank of America cut Stellantis from a “neutral” rating to an “underperform” rating in a research report on Monday, May 11th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.51.

Stellantis Stock Performance

The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average of $7.01 and a 200 day moving average of $8.07. The stock has a market capitalization of $20.27 billion, a P/E ratio of 21.62, a PEG ratio of 0.37 and a beta of 1.46.

Stellantis (NYSE:STLA) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $44.14 billion during the quarter. Research analysts anticipate that Stellantis N.V. will post 0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Stellantis

Institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI lifted its position in shares of Stellantis by 3.7% during the 3rd quarter. National Bank of Canada FI now owns 32,949 shares of the company’s stock worth $306,000 after buying an additional 1,186 shares during the period. Public Employees Retirement System of Ohio grew its position in Stellantis by 0.5% in the first quarter. Public Employees Retirement System of Ohio now owns 256,463 shares of the company’s stock valued at $1,790,000 after acquiring an additional 1,320 shares during the period. Kestra Advisory Services LLC grew its position in Stellantis by 9.1% in the first quarter. Kestra Advisory Services LLC now owns 17,771 shares of the company’s stock valued at $126,000 after acquiring an additional 1,488 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Stellantis by 28.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 7,110 shares of the company’s stock worth $77,000 after acquiring an additional 1,586 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Stellantis by 7.6% during the fourth quarter. Stifel Financial Corp now owns 23,100 shares of the company’s stock valued at $252,000 after acquiring an additional 1,624 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

About Stellantis

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.