Wall Street Zen Downgrades Stellantis (NYSE:STLA) to Sell

Stellantis (NYSE:STLA) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

A number of other brokerages have also weighed in on STLA. Citigroup reiterated a “neutral” rating on shares of Stellantis in a report on Tuesday, November 11th. BNP Paribas downgraded shares of Stellantis from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th. DZ Bank upgraded Stellantis from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, December 4th. BNP Paribas Exane assumed coverage on Stellantis in a report on Monday, September 8th. They set a “neutral” rating and a $10.10 price objective on the stock. Finally, UBS Group raised Stellantis from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.75.

Stellantis Trading Down 0.1%

STLA opened at $11.04 on Friday. The business has a fifty day moving average of $10.85 and a 200 day moving average of $10.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06. Stellantis has a 52-week low of $8.39 and a 52-week high of $14.28.

Stellantis (NYSE:STLA) last released its earnings results on Thursday, October 30th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of $0.41 by ($1.32). The firm had revenue of $87.44 billion during the quarter, compared to analyst estimates of $87.94 billion. As a group, equities analysts predict that Stellantis will post 2.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Stellantis

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Stellantis in the second quarter worth $384,724,000. Amundi boosted its position in shares of Stellantis by 41.0% in the 2nd quarter. Amundi now owns 110,680,258 shares of the company’s stock worth $1,143,327,000 after purchasing an additional 32,206,884 shares in the last quarter. Quadrature Capital Ltd grew its stake in Stellantis by 6,148.4% during the 3rd quarter. Quadrature Capital Ltd now owns 14,945,564 shares of the company’s stock worth $137,891,000 after buying an additional 14,706,375 shares during the last quarter. Bank of Italy increased its position in Stellantis by 11.6% during the 3rd quarter. Bank of Italy now owns 36,630,307 shares of the company’s stock valued at $338,212,000 after buying an additional 3,800,000 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Stellantis by 137.2% in the third quarter. BNP Paribas Financial Markets now owns 5,832,266 shares of the company’s stock valued at $54,473,000 after buying an additional 3,373,933 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

About Stellantis

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.