Stellantis (NYSE:STLA) Hits New 12-Month Low – What’s Next?

Stellantis N.V. (NYSE:STLA) shares hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $4.73 and last traded at $4.7250, with a volume of 3264463 shares changing hands. The stock had previously closed at $4.83.

Analysts Set New Price Targets

STLA has been the subject of several recent research reports. Wall Street Zen raised Stellantis from a “strong sell” rating to a “sell” rating in a report on Saturday, September 19th. Weiss Ratings cut Stellantis from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 4th. TD Cowen restated a “hold” rating on shares of Stellantis in a research note on Wednesday, August 26th. Citigroup restated a “neutral” rating on shares of Stellantis in a research note on Thursday, July 9th. Finally, Piper Sandler cut Stellantis from an “overweight” rating to an “underweight” rating and set a $4.00 target price for the company. in a research report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat, Stellantis currently has an average rating of “Reduce” and an average target price of $7.45.

Stellantis Stock Down 3.3%

The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $5.39 and a two-hundred day simple moving average of $6.47. The company has a market capitalization of $16.81 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 0.34 and a beta of 1.44.

Stellantis (NYSE:STLA) last issued its earnings results on Tuesday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $49.63 billion during the quarter. Equities analysts expect that Stellantis N.V. will post 0.51 EPS for the current year.

Institutional Investors Weigh In On Stellantis

Institutional investors have recently modified their holdings of the business. WINTON GROUP Ltd acquired a new position in Stellantis in the second quarter valued at approximately $769,000. Engineers Gate Manager LP grew its holdings in Stellantis by 439.1% during the 2nd quarter. Engineers Gate Manager LP now owns 333,091 shares of the company’s stock worth $1,894,000 after acquiring an additional 271,303 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Stellantis by 21.7% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 53,102 shares of the company’s stock valued at $305,000 after acquiring an additional 9,465 shares during the last quarter. IFP Advisors Inc raised its position in shares of Stellantis by 1,534.8% during the 2nd quarter. IFP Advisors Inc now owns 4,463 shares of the company’s stock valued at $26,000 after acquiring an additional 4,190 shares during the last quarter. Finally, Corient Private Wealth LP lifted its stake in shares of Stellantis by 77.6% in the 2nd quarter. Corient Private Wealth LP now owns 31,604 shares of the company’s stock valued at $182,000 after purchasing an additional 13,811 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

About Stellantis

Stellantis N.V. (NYSE: STLA) is a global automaker that designs, develops, manufactures and sells passenger cars, light commercial vehicles and related mobility products and services. The company serves customers across North America, Europe, South America, the Middle East, Africa and other international markets.

Stellantis’ portfolio includes a broad range of vehicle brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall.