Stellantis (STLA) to Release Quarterly Earnings on Thursday

Stellantis (NYSE:STLA) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, October 31st.

Stellantis Stock Down 2.9 %

Stellantis stock opened at $13.35 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The company has a 50-day moving average price of $14.73 and a 200 day moving average price of $18.56. Stellantis has a 12-month low of $12.74 and a 12-month high of $29.51.

Insider Activity

In other Stellantis news, major shareholder N.V. Stellantis bought 2,982,089 shares of Stellantis stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following the acquisition, the insider now directly owns 59,734,962 shares in the company, valued at $200,112,122.70. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on STLA. Nomura Securities upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft cut Stellantis from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Finally, Nomura raised shares of Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Stellantis presently has an average rating of “Hold” and an average price target of $27.34.

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.