Stellantis (NYSE:STLA) Reaches New 12-Month Low – What’s Next?

Stellantis (NYSE:STLA)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $12.71 and last traded at $12.71, with a volume of 217085 shares trading hands. The stock had previously closed at $12.85.

Wall Street Analyst Weigh In

Several analysts recently weighed in on STLA shares. Evercore ISI initiated coverage on Stellantis in a research note on Monday, November 11th. They issued an “inline” rating on the stock. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Jefferies Financial Group restated a “hold” rating and set a $16.44 price objective (down previously from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Finally, Barclays downgraded Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.34.

Stellantis Stock Performance

The company has a market cap of $40.88 billion, a P/E ratio of 4.10, a price-to-earnings-growth ratio of 0.42 and a beta of 1.62. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average is $13.77 and its two-hundred day moving average is $17.28.

Hedge Funds Weigh In On Stellantis

Several large investors have recently modified their holdings of STLA. Sequoia Financial Advisors LLC boosted its position in shares of Stellantis by 4.6% in the second quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company’s stock valued at $288,000 after acquiring an additional 636 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Stellantis by 6.0% in the first quarter. EverSource Wealth Advisors LLC now owns 11,519 shares of the company’s stock valued at $326,000 after acquiring an additional 656 shares during the period. Legacy Capital Group California Inc. boosted its position in shares of Stellantis by 7.0% in the second quarter. Legacy Capital Group California Inc. now owns 10,777 shares of the company’s stock valued at $214,000 after acquiring an additional 707 shares during the period. CWM LLC boosted its position in shares of Stellantis by 7.6% in the second quarter. CWM LLC now owns 12,424 shares of the company’s stock valued at $247,000 after acquiring an additional 874 shares during the period. Finally, Evergreen Capital Management LLC boosted its position in shares of Stellantis by 2.4% in the second quarter. Evergreen Capital Management LLC now owns 41,257 shares of the company’s stock valued at $819,000 after acquiring an additional 971 shares during the period. Hedge funds and other institutional investors own 59.48% 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.