Stellantis (NYSE:STLA) Stock Gets Downgrade from Wall Street Zen

Stellantis (NYSE:STLA) was downgraded by investment analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other equities analysts have also issued research reports about the stock. UBS Group lowered shares of Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, August 3rd. TD Cowen reissued a “hold” rating on shares of Stellantis in a research report on Wednesday, August 26th. Weiss Ratings cut shares of Stellantis from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 4th. Morgan Stanley cut shares of Stellantis from an “equal weight” rating to an “underweight” rating and set a $5.20 price target on the stock. in a research note on Monday, September 14th. Finally, Berenberg Bank downgraded shares of Stellantis from a “buy” rating to a “hold” rating in a report on Wednesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $7.38.

Stellantis Stock Down 0.1%

STLA stock opened at $4.05 on Friday. The stock has a fifty day moving average of $4.87 and a 200-day moving average of $6.11. Stellantis has a fifty-two week low of $3.92 and a fifty-two week high of $12.22. The company has a market capitalization of $15.26 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 0.35 and a beta of 1.49. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.76 and a current ratio of 1.04.

Stellantis (NYSE:STLA) last announced its quarterly earnings data 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 research analysts predict that Stellantis will post 0.41 earnings per share for the current year.

Institutional Trading of Stellantis

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in Stellantis by 84.7% in the 1st quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock worth $166,746,000 after purchasing an additional 10,783,370 shares during the period. Swiss National Bank increased its position in shares of Stellantis by 26.8% during the first quarter. Swiss National Bank now owns 6,981,716 shares of the company’s stock valued at $48,774,000 after buying an additional 1,477,637 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Stellantis by 19.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,501,139 shares of the company’s stock valued at $24,810,000 after buying an additional 574,048 shares during the period. Renaissance Technologies LLC increased its position in shares of Stellantis by 118.4% during the first quarter. Renaissance Technologies LLC now owns 3,365,143 shares of the company’s stock valued at $23,540,000 after buying an additional 1,824,139 shares during the period. Finally, Pictet Asset Management Holding SA increased its position in shares of Stellantis by 3.3% during the first quarter. Pictet Asset Management Holding SA now owns 1,563,595 shares of the company’s stock valued at $10,916,000 after buying an additional 49,349 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Company Profile

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.