Analysts Set Stellantis N.V. (NYSE:STLA) Target Price at $11.77

Stellantis N.V. (NYSE:STLA) has earned a consensus recommendation of “Hold” from the seventeen brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $11.7688.

STLA has been the subject of a number of analyst reports. The Goldman Sachs Group raised shares of Stellantis to a “hold” rating in a research note on Monday, November 24th. Wall Street Zen upgraded Stellantis from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Stellantis in a report on Monday, October 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Stellantis in a research report on Wednesday, January 21st. Finally, BNP Paribas Exane cut shares of Stellantis from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 11th.

Stellantis Stock Down 0.5%

Shares of STLA stock opened at $9.71 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. Stellantis has a 12 month low of $8.39 and a 12 month high of $14.28. The company has a 50 day simple moving average of $10.79 and a two-hundred day simple moving average of $10.18.

Stellantis (NYSE:STLA) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.32). The firm had revenue of $87.44 billion for the quarter, compared to analysts’ expectations of $87.94 billion. On average, analysts expect that Stellantis will post 2.3 EPS for the current fiscal year.

Institutional Trading of Stellantis

Several hedge funds have recently made changes to their positions in STLA. National Bank of Canada FI grew its position in Stellantis by 3.7% in the third quarter. National Bank of Canada FI now owns 32,949 shares of the company’s stock worth $306,000 after acquiring an additional 1,186 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Stellantis by 2.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 59,263 shares of the company’s stock valued at $594,000 after purchasing an additional 1,193 shares during the last quarter. Straightline Group LLC boosted its holdings in shares of Stellantis by 5.0% in the 2nd quarter. Straightline Group LLC now owns 28,248 shares of the company’s stock worth $283,000 after purchasing an additional 1,352 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Stellantis by 28.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 7,110 shares of the company’s stock valued at $77,000 after purchasing an additional 1,586 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Stellantis by 2.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 83,148 shares of the company’s stock valued at $834,000 after buying an additional 1,599 shares during the period. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

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.