Stellantis (NYSE:STLA) Receives $27.34 Average Price Target from Analysts

Stellantis (NYSE:STLA) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $24.47.

STLA has been the topic of a number of research reports. Evercore ISI initiated coverage on Stellantis in a report on Monday, November 11th. They issued an “inline” rating on the stock. TD Cowen initiated coverage on Stellantis in a report on Friday. They issued a “hold” rating and a $13.00 price objective on the stock.

Institutional Investors Weigh In On Stellantis

Large investors have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in Stellantis by 4.9% in the third quarter. FMR LLC now owns 3,137,594 shares of the company’s stock worth $44,083,000 after acquiring an additional 145,583 shares in the last quarter. Four Tree Island Advisory LLC bought a new stake in Stellantis during the fourth quarter worth $2,019,000. World Investment Advisors LLC bought a new stake in Stellantis during the third quarter worth $1,324,000. Sound Income Strategies LLC lifted its holdings in Stellantis by 13.4% during the fourth quarter. Sound Income Strategies LLC now owns 317,637 shares of the company’s stock worth $4,145,000 after acquiring an additional 37,627 shares during the period. Finally, Te Ahumairangi Investment Management Ltd lifted its holdings in Stellantis by 28.3% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company’s stock worth $7,408,000 after acquiring an additional 118,635 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Stock Down 0.0 %

NYSE:STLA opened at $12.75 on Friday. The firm has a market capitalization of $38.53 billion, a price-to-earnings ratio of 3.74 and a beta of 1.64. Stellantis has a twelve month low of $11.40 and a twelve month high of $29.51. The stock’s 50 day moving average price is $13.11 and its two-hundred day moving average price is $13.70. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

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.