Stellantis N.V. (NYSE:STLA) Receives $10.65 Consensus Price Target from Analysts

Shares of Stellantis N.V. (NYSE:STLA) have been given an average recommendation of “Hold” by the eighteen research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $10.65.

A number of research analysts have recently issued reports on STLA shares. Truist Financial set a $9.00 target price on Stellantis in a report on Friday, May 22nd. TD Cowen restated a “hold” rating on shares of Stellantis in a research report on Friday, May 22nd. Citigroup restated a “neutral” rating on shares of Stellantis in a research report on Tuesday, June 9th. Freedom Capital upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Loop Capital set a $8.00 price objective on shares of Stellantis in a research report on Monday, March 2nd.

Institutional Investors Weigh In On Stellantis

A number of hedge funds have recently added to or reduced their stakes in STLA. Norges Bank acquired a new stake in Stellantis in the fourth quarter valued at about $553,692,000. Viking Global Investors LP purchased a new position in Stellantis in the fourth quarter valued at about $434,320,000. Quadrature Capital Ltd increased its holdings in Stellantis by 6,148.4% in the third quarter. Quadrature Capital Ltd now owns 14,945,564 shares of the company’s stock valued at $137,891,000 after buying an additional 14,706,375 shares in the last quarter. Marshall Wace LLP increased its holdings in Stellantis by 353.2% in the fourth quarter. Marshall Wace LLP now owns 15,145,245 shares of the company’s stock valued at $167,481,000 after buying an additional 11,803,688 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Stellantis by 84.7% in the first quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock valued at $166,746,000 after buying an additional 10,783,370 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Trading Down 2.0%

NYSE:STLA opened at $5.57 on Thursday. The firm has a market cap of $20.95 billion, a P/E ratio of 22.26, a PEG ratio of 0.37 and a beta of 1.41. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.50. The stock’s 50 day simple moving average is $7.33 and its 200-day simple moving average is $8.33. Stellantis has a 12-month low of $5.56 and a 12-month high of $12.22.

Stellantis (NYSE:STLA) last released its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $44.14 billion during the quarter. Equities analysts anticipate that Stellantis will post 0.55 EPS for the current year.

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.