Stellantis (NYSE:STLA) Shares Gap Up – Here’s Why

Stellantis N.V. (NYSE:STLA) shares gapped up prior to trading on Monday. The stock had previously closed at $4.60, but opened at $4.74. Stellantis shares last traded at $4.6750, with a volume of 4,333,329 shares.

Analysts Set New Price Targets

A number of research analysts recently weighed in on STLA shares. Citigroup reiterated a “neutral” rating on shares of Stellantis in a research note on Thursday, July 9th. Piper Sandler lowered Stellantis from an “overweight” rating to an “underweight” rating and set a $4.00 price target for the company. in a report on Monday, July 27th. Sanford C. Bernstein cut Stellantis from a “market perform” rating to an “underperform” rating in a research report on Friday, August 7th. HSBC cut Stellantis from a “hold” rating to a “reduce” rating in a research report on Friday, July 3rd. Finally, Weiss Ratings lowered Stellantis from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $7.45.

Stellantis Price Performance

The business’s 50-day moving average price is $5.37 and its 200 day moving average price is $6.45. The company has a market capitalization of $17.30 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 0.32 and a beta of 1.44. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.59.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in STLA. Capital Research Global Investors grew its position in Stellantis by 34.9% during the fourth quarter. Capital Research Global Investors now owns 4,236,161 shares of the company’s stock worth $46,769,000 after buying an additional 1,096,413 shares in the last quarter. Norges Bank purchased a new stake in shares of Stellantis in the 4th quarter valued at about $553,692,000. Great Lakes Advisors LLC purchased a new stake in shares of Stellantis in the 2nd quarter valued at about $1,936,000. Engineers Gate Manager LP raised its holdings in shares of Stellantis by 439.1% in the 2nd quarter. Engineers Gate Manager LP now owns 333,091 shares of the company’s stock valued at $1,894,000 after acquiring an additional 271,303 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Stellantis by 122.8% during the 4th quarter. Franklin Resources Inc. now owns 18,753,235 shares of the company’s stock valued at $205,019,000 after acquiring an additional 10,337,920 shares during the last quarter. Institutional investors 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.