Stellantis (NYSE:STLA) Lowered to Strong Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Stellantis (NYSE:STLA) from a sell rating to a strong sell rating in a research note published on Saturday morning.

Several other research firms have also issued reports on STLA. Evercore set a $7.50 price objective on shares of Stellantis in a research report on Friday, July 31st. JPMorgan Chase & Co. restated a “neutral” rating on shares of Stellantis in a report on Thursday, July 9th. HSBC cut shares of Stellantis from a “hold” rating to a “reduce” rating in a research report on Friday, July 3rd. Piper Sandler downgraded Stellantis from an “overweight” rating to an “underweight” rating and set a $4.00 price target for the company. in a report on Monday, July 27th. Finally, UBS Group lowered Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $8.66.

Stellantis Stock Up 3.0%

Shares of NYSE:STLA opened at $5.42 on Friday. The stock has a 50-day simple moving average of $5.75 and a 200-day simple moving average of $6.95. The stock has a market capitalization of $20.40 billion, a P/E ratio of 13.90, a PEG ratio of 0.31 and a beta of 1.45. Stellantis has a 1 year low of $5.05 and a 1 year high of $12.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.76 and a current ratio of 1.04.

Stellantis (NYSE:STLA) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.14 EPS for the quarter. The business had revenue of $49.63 billion during the quarter. Equities analysts forecast that Stellantis will post 0.61 earnings per share for the current year.

Institutional Trading of Stellantis

Several large investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Stellantis during the fourth quarter worth $553,692,000. Viking Global Investors LP purchased a new position in shares of Stellantis in the fourth quarter valued at $434,320,000. Marshall Wace LLP grew its holdings in Stellantis by 353.2% during the 4th quarter. Marshall Wace LLP now owns 15,145,245 shares of the company’s stock valued at $167,481,000 after purchasing an additional 11,803,688 shares in the last quarter. Bank of America Corp DE grew its holdings in Stellantis by 84.7% during the 1st quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock valued at $166,746,000 after purchasing an additional 10,783,370 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Stellantis by 122.8% during the 4th quarter. Franklin Resources Inc. now owns 18,753,235 shares of the company’s stock worth $205,019,000 after buying an additional 10,337,920 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

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.