Stellantis (NYSE:STLA) Given Consensus Rating of “Hold” by Analysts

Stellantis (NYSE:STLA) has earned a consensus recommendation of “Hold” from the thirteen research firms that are covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $27.34.

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

Institutional Investors Weigh In On Stellantis

Hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. grew its stake in shares of Stellantis by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock worth $102,340,000 after acquiring an additional 3,252,492 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Stellantis by 464.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company’s stock worth $45,618,000 after purchasing an additional 2,671,500 shares during the last quarter. Banco Santander S.A. bought a new position in Stellantis in the third quarter valued at $26,679,000. AustralianSuper Pty Ltd increased its stake in Stellantis by 26.3% in the 3rd quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock valued at $125,597,000 after buying an additional 1,894,146 shares during the last quarter. Finally, Conifer Management L.L.C. lifted its position in Stellantis by 26.4% during the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock worth $126,450,000 after buying an additional 1,880,000 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Stock Down 2.0 %

Shares of Stellantis stock opened at $12.53 on Monday. The business has a fifty day simple moving average of $13.23 and a 200 day simple moving average of $15.43. The stock has a market cap of $39.25 billion, a PE ratio of 4.11, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. 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 has a 12 month low of $12.12 and a 12 month 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.