Stellantis’ (STLA) Sell (D) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (d) rating on shares of Stellantis (NYSE:STLA) in a research report report published on Friday,Weiss Ratings reports.

STLA has been the subject of a number of other reports. Bank of America cut shares of Stellantis from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $16.50 to $11.75 in a research note on Monday, July 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Stellantis in a report on Monday, October 13th. Wolfe Research lowered shares of Stellantis from a “peer perform” rating to an “underperform” rating in a report on Wednesday, July 2nd. BNP Paribas Exane started coverage on Stellantis in a research note on Monday, September 8th. They issued a “neutral” rating and a $10.10 target price for the company. Finally, BNP Paribas raised Stellantis to a “hold” rating in a research report on Tuesday, September 9th. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Stellantis presently has a consensus rating of “Hold” and an average price target of $12.04.

Stellantis Stock Performance

Shares of NYSE STLA opened at $10.90 on Friday. Stellantis has a fifty-two week low of $8.39 and a fifty-two week high of $14.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. The business has a 50-day simple moving average of $9.88 and a two-hundred day simple moving average of $9.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STLA. FNY Investment Advisers LLC purchased a new stake in Stellantis in the second quarter valued at $28,000. SVB Wealth LLC purchased a new stake in shares of Stellantis in the first quarter worth about $35,000. Atlantic Union Bankshares Corp acquired a new stake in Stellantis during the second quarter worth about $37,000. Harbour Investments Inc. raised its position in Stellantis by 136.5% during the first quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock valued at $43,000 after acquiring an additional 2,200 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Stellantis by 137.9% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 5,524 shares of the company’s stock valued at $52,000 after acquiring an additional 3,202 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

About Stellantis

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.