Stellantis (NYSE:STLA) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Stellantis (NYSE:STLA) from a hold rating to a sell rating in a research report report published on Tuesday morning.

A number of other equities analysts also recently issued reports on STLA. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Stellantis in a research note on Monday, October 13th. Zacks Research upgraded Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. The Goldman Sachs Group started coverage on Stellantis in a research report on Sunday. They set a “neutral” rating and a $10.00 price target for the company. BNP Paribas raised Stellantis to a “hold” rating in a report on Tuesday, September 9th. Finally, BNP Paribas Exane started coverage on Stellantis in a research note on Monday, September 8th. They issued a “neutral” rating and a $10.10 price objective for the company. Two analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.75.

Stellantis Stock Performance

Shares of Stellantis stock opened at $10.32 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06. The stock’s fifty day moving average price is $10.24 and its 200-day moving average price is $9.94. Stellantis has a 12 month low of $8.39 and a 12 month high of $14.28.

Stellantis (NYSE:STLA) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.32). The company had revenue of $87.44 billion for the quarter, compared to the consensus estimate of $87.94 billion. On average, analysts expect that Stellantis will post 2.3 earnings per share for the current year.

Hedge Funds Weigh In On Stellantis

A number of hedge funds have recently made changes to their positions in the company. Deutsche Bank AG acquired a new position in shares of Stellantis in the 1st quarter valued at $368,520,000. Jupiter Asset Management Ltd. acquired a new stake in shares of Stellantis during the 1st quarter worth about $1,755,000. Amundi raised its holdings in Stellantis by 6.4% in the 1st quarter. Amundi now owns 78,473,374 shares of the company’s stock valued at $801,213,000 after buying an additional 4,708,200 shares during the period. LPL Financial LLC raised its holdings in Stellantis by 32.6% in the 1st quarter. LPL Financial LLC now owns 244,428 shares of the company’s stock valued at $2,740,000 after buying an additional 60,097 shares during the period. Finally, Chou Associates Management Inc. lifted its position in Stellantis by 206.0% in the first quarter. Chou Associates Management Inc. now owns 1,396,388 shares of the company’s stock valued at $15,654,000 after buying an additional 940,000 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

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.