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

Shares of Stellantis (NYSE:STLA) have been given an average rating of “Hold” by the eleven research firms that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $27.34.

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

Stellantis Trading Up 1.2 %

Shares of STLA stock opened at $13.52 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a 12-month low of $12.12 and a 12-month high of $29.51. The firm has a fifty day moving average of $13.06 and a 200-day moving average of $14.49.

Hedge Funds Weigh In On Stellantis

Hedge funds have recently made changes to their positions in the business. Cromwell Holdings LLC lifted its position in shares of 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 purchasing an additional 1,036 shares in the last quarter. Prospera Financial Services Inc increased its stake in Stellantis by 9.5% in the 3rd quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock valued at $192,000 after buying an additional 1,192 shares during the last quarter. Spire Wealth Management lifted its position in Stellantis by 29.7% during the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after buying an additional 1,211 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after buying an additional 1,489 shares during the last quarter. Finally, Caprock Group LLC boosted its stake in shares of Stellantis by 6.9% during the 4th quarter. Caprock Group LLC now owns 24,293 shares of the company’s stock worth $317,000 after buying an additional 1,558 shares during the last quarter. 59.48% of the stock is owned by institutional investors.

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.