Stellantis (NYSE:STLA) Earns Hold Rating from Analysts at TD Cowen

TD Cowen began coverage on shares of Stellantis (NYSE:STLA) in a report released on Friday morning, Marketbeat reports. The brokerage issued a hold rating and a $13.00 price objective on the stock.

Separately, Evercore ISI started coverage on Stellantis in a research note on Monday, November 11th. They set an “inline” rating on the stock. Eight investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $24.47.

Stellantis Stock Down 0.0 %

STLA opened at $12.75 on Friday. 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 firm has a market cap of $38.53 billion, a P/E ratio of 3.74 and a beta of 1.64. Stellantis has a 52 week low of $11.40 and a 52 week high of $29.51. The business’s fifty day simple moving average is $13.11 and its 200 day simple moving average is $13.70.

Hedge Funds Weigh In On Stellantis

Hedge funds and other institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. acquired a new position in shares of Stellantis in the 4th quarter valued at about $26,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Stellantis during the 4th quarter valued at about $29,000. Darwin Wealth Management LLC purchased a new stake in shares of Stellantis during the 3rd quarter valued at about $47,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Stellantis during the 4th quarter valued at about $47,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after buying an additional 1,489 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

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.