Stellantis (NYSE:STLA) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Stellantis (NYSE:STLA) from a sell rating to a hold rating in a research note published on Monday.

STLA has been the topic of several other research reports. Zacks Research raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Stellantis in a report on Wednesday, October 8th. Berenberg Bank raised shares of Stellantis from a “hold” rating to a “buy” rating and set a $11.20 target price on the stock in a research report on Friday, September 19th. BNP Paribas raised shares of Stellantis to a “hold” rating in a research note on Tuesday, September 9th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Stellantis in a research report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Stellantis currently has an average rating of “Hold” and an average target price of $12.04.

Stellantis Stock Down 3.9%

Shares of STLA stock opened at $9.98 on Monday. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average is $10.16 and its two-hundred day moving average is $9.93. Stellantis has a 12 month low of $8.39 and a 12 month high of $14.28.

Hedge Funds Weigh In On Stellantis

A number of institutional investors and hedge funds have recently modified their holdings of STLA. Envestnet Asset Management Inc. raised its stake in Stellantis by 117.9% in the first quarter. Envestnet Asset Management Inc. now owns 106,736 shares of the company’s stock valued at $1,194,000 after buying an additional 57,750 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Stellantis by 31.8% in the 1st quarter. Private Advisor Group LLC now owns 23,677 shares of the company’s stock valued at $265,000 after acquiring an additional 5,712 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Stellantis by 58.6% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 10,664 shares of the company’s stock worth $124,000 after acquiring an additional 3,940 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Stellantis by 45.0% during the 1st quarter. Cetera Investment Advisers now owns 81,456 shares of the company’s stock worth $904,000 after acquiring an additional 25,274 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in Stellantis by 32.6% during the first quarter. LPL Financial LLC now owns 244,428 shares of the company’s stock worth $2,740,000 after purchasing an additional 60,097 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

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.