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

Shares of Stellantis (NYSE:STLA) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven 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 company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $27.34.

Several equities analysts have issued reports on STLA shares. Barclays lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Evercore ISI started coverage on Stellantis in a research note on Monday, November 11th. They set an “inline” rating on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th.

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 in the fourth quarter valued at $26,000. Waldron Private Wealth LLC purchased a new stake in shares of Stellantis in the third quarter worth about $33,000. Central Pacific Bank Trust Division acquired a new stake in Stellantis during the third quarter worth about $35,000. Cromwell Holdings LLC raised its position in Stellantis by 52.9% during the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after acquiring an additional 1,036 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Stellantis in the third quarter valued at approximately $47,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Stock Performance

Shares of Stellantis stock opened at $13.22 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’s 50 day moving average price is $13.02 and its 200-day moving average price is $14.71. Stellantis has a 52-week low of $12.12 and a 52-week high of $29.51.

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.