Stellantis (NYSE:STLA) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Stellantis (NYSE:STLA) from a hold rating to a sell rating in a research report sent to investors on Sunday.

Other research analysts have also issued reports about the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellantis in a research report on Wednesday, October 8th. Berenberg Bank upgraded Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price target on the stock in a research note on Friday, September 19th. BNP Paribas upgraded shares of Stellantis to a “hold” rating in a report on Tuesday, September 9th. BNP Paribas Exane assumed coverage on shares of Stellantis in a research report on Monday, September 8th. They issued a “neutral” rating and a $10.10 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Stellantis in a research report on Monday, October 13th. Two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.04.

Stellantis Price Performance

Shares of STLA stock opened at $10.77 on Friday. Stellantis has a 12-month low of $8.39 and a 12-month high of $14.28. The business’s fifty day simple moving average is $10.05 and its 200-day simple moving average is $9.90. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37.

Institutional Trading of Stellantis

Several institutional investors and hedge funds have recently bought and sold shares of STLA. TD Asset Management Inc boosted its holdings in shares of Stellantis by 5.3% in the 3rd quarter. TD Asset Management Inc now owns 677,134 shares of the company’s stock valued at $6,257,000 after acquiring an additional 33,868 shares during the last quarter. Monaco Asset Management SAM raised its holdings in shares of Stellantis by 162.7% during the third quarter. Monaco Asset Management SAM now owns 591,132 shares of the company’s stock worth $5,455,000 after purchasing an additional 366,132 shares during the last quarter. M&G PLC lifted its position in Stellantis by 30.5% during the third quarter. M&G PLC now owns 3,386,355 shares of the company’s stock valued at $31,797,000 after purchasing an additional 791,605 shares during the period. Vanguard Group Inc. boosted its holdings in Stellantis by 2.2% in the third quarter. Vanguard Group Inc. now owns 95,143,705 shares of the company’s stock valued at $883,126,000 after purchasing an additional 2,002,880 shares during the last quarter. Finally, Credit Industriel ET Commercial grew its position in Stellantis by 14.9% during the 3rd quarter. Credit Industriel ET Commercial now owns 160,841 shares of the company’s stock worth $1,485,000 after purchasing an additional 20,839 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

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.