Stellantis N.V. (NYSE:STLA) Stock Now Rated “Reduce” by Wall Street Analysts

Shares of Stellantis N.V. (NYSE:STLA) have been assigned a consensus recommendation of “Reduce” from the twenty research firms that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $7.38.

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Sunday. Weiss Ratings downgraded shares of Stellantis from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 4th. JPMorgan Chase & Co. lowered shares of Stellantis from an “overweight” rating to a “neutral” rating in a research note on Thursday, July 9th. Freedom Broker dropped their target price on shares of Stellantis from $7.50 to $6.80 and set a “buy” rating on the stock in a report on Tuesday, October 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Stellantis in a research note on Tuesday, July 14th.

Stellantis Price Performance

Shares of STLA opened at $4.47 on Wednesday. The firm has a market capitalization of $16.84 billion, a PE ratio of 11.47, a P/E/G ratio of 0.40 and a beta of 1.48. Stellantis has a 52-week low of $3.92 and a 52-week high of $12.22. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.72 and a current ratio of 1.02. The stock has a 50 day simple moving average of $4.76 and a 200 day simple moving average of $6.55.

Stellantis (NYSE:STLA) last issued its quarterly earnings data on Wednesday, October 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.26). The firm had revenue of $42.60 billion for the quarter, compared to the consensus estimate of $46.96 billion. Sell-side analysts predict that Stellantis will post 0.42 EPS for the current fiscal year.

Institutional Trading of Stellantis

Several institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its holdings in Stellantis by 0.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 256,463 shares of the company’s stock valued at $1,790,000 after purchasing an additional 1,320 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of 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 purchasing an additional 1,488 shares during the last quarter. DGS Capital Management LLC increased its holdings in shares of Stellantis by 14.4% in the first quarter. DGS Capital Management LLC now owns 15,622 shares of the company’s stock valued at $111,000 after purchasing an additional 1,962 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Stellantis by 3.0% in the first quarter. Lazard Asset Management LLC now owns 67,305 shares of the company’s stock valued at $472,000 after purchasing an additional 1,963 shares during the last quarter. Finally, Corient Private Wealth LLC raised its position in shares of Stellantis by 5.7% in the fourth quarter. Corient Private Wealth LLC now owns 38,609 shares of the company’s stock valued at $421,000 after purchasing an additional 2,097 shares during the period. Institutional investors own 59.48% of the company’s stock.

About Stellantis

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.