Stellantis (NYSE:STLA) Stock Rating Lowered by Piper Sandler

Stellantis (NYSE:STLA) was downgraded by investment analysts at Piper Sandler from an “overweight” rating to a “neutral” rating in a research report issued on Thursday, Marketbeat reports. They currently have a $13.00 price objective on the stock, down from their previous price objective of $23.00. Piper Sandler’s target price points to a potential upside of 7.75% from the company’s previous close.

STLA has been the subject of a number of other reports. TD Cowen initiated coverage on Stellantis in a research report on Friday, March 7th. They set a “hold” rating and a $13.00 price objective for the company. Cowen started coverage on shares of Stellantis in a research report on Thursday, March 6th. They set a “hold” rating for the company. Ten equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $19.27.

Stellantis Price Performance

Shares of NYSE:STLA opened at $12.07 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a one year low of $11.40 and a one year high of $29.51. The company has a 50-day simple moving average of $13.01 and a 200-day simple moving average of $13.44. The stock has a market capitalization of $36.47 billion, a price-to-earnings ratio of 3.54 and a beta of 1.64.

Institutional Investors Weigh In On Stellantis

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