Stellantis (NYSE:STLA) Lifted to Strong-Buy at Barclays

Barclays upgraded shares of Stellantis (NYSE:STLA) to a strong-buy rating in a research report sent to investors on Monday morning, Zacks.com reports.

Several other brokerages have also issued reports on STLA. Sanford C. Bernstein lowered Stellantis from an outperform rating to a market perform rating in a report on Wednesday, February 28th. Piper Sandler assumed coverage on Stellantis in a report on Friday, March 15th. They set an overweight rating and a $39.00 price objective for the company. Berenberg Bank reiterated a hold rating on shares of Stellantis in a report on Tuesday, March 26th. Nomura reiterated a neutral rating on shares of Stellantis in a report on Wednesday, March 13th. Finally, Morgan Stanley increased their price objective on Stellantis from $26.00 to $30.40 and gave the stock an overweight rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Stellantis currently has an average rating of Moderate Buy and a consensus target price of $30.28.

Stellantis Trading Down 0.7 %

STLA opened at $20.40 on Monday. The stock has a fifty day moving average of $22.97 and a 200-day moving average of $24.07. Stellantis has a 12-month low of $16.41 and a 12-month high of $29.51. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.24.

Stellantis Dividend Announcement

The business also recently announced an annual dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were issued a dividend of $1.147 per share. The ex-dividend date was Monday, April 22nd. This represents a yield of 4.55%.

Hedge Funds Weigh In On Stellantis

A number of institutional investors have recently made changes to their positions in STLA. Cary Street Partners Investment Advisory LLC bought a new position in shares of Stellantis in the third quarter worth about $26,000. Westend Capital Management LLC acquired a new stake in Stellantis during the first quarter worth about $38,000. Bruce G. Allen Investments LLC acquired a new stake in Stellantis during the fourth quarter worth about $40,000. Solstein Capital LLC acquired a new stake in Stellantis during the fourth quarter worth about $50,000. Finally, Cape Investment Advisory Inc. grew its position in Stellantis by 424.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company’s stock worth $50,000 after buying an additional 1,736 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors.

Stellantis Company Profile

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.