Stellantis (STLA) to Release Earnings on Thursday

Stellantis (NYSE:STLA) will announce its earnings results before the market opens on Thursday, October 31st.

Stellantis Stock Up 1.4 %

STLA opened at $13.31 on Thursday. The stock has a market cap of $41.70 billion, a PE ratio of 3.72, a price-to-earnings-growth ratio of 0.35 and a beta of 1.62. The stock’s fifty day simple moving average is $14.97 and its 200 day simple moving average is $19.02. Stellantis has a 1-year low of $12.74 and a 1-year high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

Analyst Ratings Changes

STLA has been the topic of several recent research reports. Nomura raised shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Sanford C. Bernstein began coverage on Stellantis in a report on Friday, June 28th. They set a “market perform” rating and a $23.50 price objective on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Stellantis from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Barclays cut Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $27.34.

Insider Buying and Selling at Stellantis

In other news, major shareholder N.V. Stellantis acquired 2,982,089 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $3.35 per share, with a total value of $9,989,998.15. Following the completion of the purchase, the insider now owns 59,734,962 shares in the company, valued at approximately $200,112,122.70. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.02% of the company’s stock.

About Stellantis

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.