Stellantis (NYSE:STLA) Receives Consensus Recommendation of “Hold” from Analysts

Stellantis (NYSE:STLA) has received an average rating of “Hold” from the eleven analysts that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $27.34.

A number of research firms have issued reports on STLA. Evercore ISI assumed coverage on Stellantis in a research note on Monday, November 11th. They issued an “inline” rating on the stock. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Finally, Barclays downgraded shares of Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd.

Stellantis Stock Up 0.8 %

Shares of NYSE STLA opened at $13.22 on Friday. Stellantis has a 52-week low of $12.12 and a 52-week 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. The firm’s fifty day moving average is $13.02 and its two-hundred day moving average is $14.71.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Cromwell Holdings LLC lifted its stake in Stellantis by 52.9% in the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock worth $42,000 after acquiring an additional 1,036 shares during the period. Prospera Financial Services Inc lifted its position in shares of Stellantis by 9.5% in the 3rd quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock worth $192,000 after purchasing an additional 1,192 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in Stellantis by 67.0% during the fourth 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. Caprock Group LLC raised its stake in Stellantis by 6.9% in the fourth quarter. Caprock Group LLC now owns 24,293 shares of the company’s stock worth $317,000 after buying an additional 1,558 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new stake in Stellantis during the fourth quarter worth $26,000. 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.