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 report issued on Saturday morning.

A number of other brokerages also recently weighed in on STLA. Truist Financial set a $9.00 price target on Stellantis in a research report on Friday, May 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellantis in a research report on Friday, July 17th. Citigroup reiterated a “neutral” rating on shares of Stellantis in a research note on Thursday, July 9th. TD Cowen decreased their target price on Stellantis from $9.00 to $6.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Finally, Zacks Research upgraded Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Stellantis currently has a consensus rating of “Hold” and a consensus price target of $8.66.

Stellantis Stock Performance

Shares of STLA opened at $5.66 on Friday. The company has a market cap of $21.28 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 0.30 and a beta of 1.45. The firm has a 50-day moving average of $6.31 and a 200-day moving average of $7.36. Stellantis has a one year low of $5.25 and a one year high of $12.22. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 0.76.

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 firm had revenue of $49.63 billion during the quarter. As a group, equities analysts forecast that Stellantis will post 0.69 earnings per share for the current year.

Institutional Investors Weigh In On Stellantis

Several hedge funds have recently bought and sold shares of STLA. Capital Research Global Investors increased its position in shares of Stellantis by 34.9% in the fourth quarter. Capital Research Global Investors now owns 4,236,161 shares of the company’s stock worth $46,769,000 after purchasing an additional 1,096,413 shares during the period. Norges Bank acquired a new position in Stellantis in the fourth quarter valued at about $553,692,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Stellantis by 19.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803,310 shares of the company’s stock worth $19,908,000 after purchasing an additional 298,611 shares during the period. Leonteq Securities AG bought a new stake in Stellantis during the fourth quarter worth about $77,209,000. Finally, Franklin Resources Inc. grew its stake in Stellantis by 122.8% during the fourth 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 in the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Company Profile

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.