Stellantis N.V. (NYSE:STLA) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Stellantis N.V. (NYSE:STLA) have been given a consensus rating of “Reduce” by the nineteen analysts that are covering the company, Marketbeat reports. Seven research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, one has given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $7.8667.

A number of brokerages have recently weighed in on STLA. UBS Group cut shares of Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, August 3rd. TD Cowen reaffirmed a “hold” rating on shares of Stellantis in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Stellantis in a research note on Tuesday, July 14th. Weiss Ratings cut shares of Stellantis from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 4th. Finally, Truist Financial set a $9.00 price target on Stellantis in a report on Friday, May 22nd.

Institutional Investors Weigh In On Stellantis

Institutional investors have recently modified their holdings of the business. IFP Advisors Inc grew its position in Stellantis by 1,534.8% during the second quarter. IFP Advisors Inc now owns 4,463 shares of the company’s stock worth $26,000 after buying an additional 4,190 shares in the last quarter. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Stellantis in the 4th quarter valued at approximately $52,000. MinichMacGregor Wealth Management LLC acquired a new stake in Stellantis in the first quarter valued at approximately $73,000. MASTERINVEST Kapitalanlage GmbH bought a new stake in Stellantis during the 2nd quarter worth $65,000. Finally, Summit Financial Strategies Inc. bought a new stake in shares of Stellantis during the first quarter worth about $83,000. Institutional investors own 59.48% of the company’s stock.

Stellantis Trading Down 2.3%

Shares of NYSE STLA opened at $5.28 on Tuesday. Stellantis has a fifty-two week low of $5.05 and a fifty-two week 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. The firm has a market capitalization of $19.85 billion, a P/E ratio of 13.53, a P/E/G ratio of 0.31 and a beta of 1.44. The company’s 50 day simple moving average is $5.52 and its 200 day simple moving average is $6.63.

Stellantis (NYSE:STLA) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.14 EPS for the quarter. The company had revenue of $49.63 billion for the quarter. On average, analysts predict that Stellantis will post 0.61 EPS for the current year.

Stellantis Company Profile

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.