Stellantis (STLA) Scheduled to Post Earnings on Thursday

Stellantis (NYSE:STLA) will be releasing its earnings data before the market opens on Thursday, October 31st.

Stellantis Trading Up 1.4 %

STLA stock opened at $13.31 on Thursday. The firm has a fifty day moving average price of $14.97 and a 200 day moving average price of $19.02. 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 firm has a market cap of $41.70 billion, a PE ratio of 3.72, a price-to-earnings-growth ratio of 0.35 and a beta of 1.62. Stellantis has a fifty-two week low of $12.74 and a fifty-two week high of $29.51.

Insiders Place Their Bets

In related news, major shareholder N.V. Stellantis bought 2,982,089 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following the completion of the acquisition, the insider now owns 59,734,962 shares in the company, valued at approximately $200,112,122.70. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.02% of the stock is owned by insiders.

Analysts Set New Price Targets

STLA has been the subject of a number of research analyst reports. Sanford C. Bernstein assumed coverage on Stellantis in a research note on Friday, June 28th. They set a “market perform” rating and a $23.50 price target for the company. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft lowered shares of Stellantis from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Nomura Securities upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Nomura upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Stellantis has a consensus rating of “Hold” and a consensus target price 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.