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

Wall Street Zen cut shares of Stellantis (NYSE:STLA) from a sell rating to a strong sell rating in a research report report published on Saturday morning,Wall Street Zen reports.

Other equities research analysts also recently issued research reports about the company. Freedom Broker dropped their price objective on Stellantis from $7.50 to $6.80 and set a “buy” rating for the company in a report on Tuesday, October 13th. Berenberg Bank cut Stellantis from a “buy” rating to a “hold” rating in a report on Wednesday, September 16th. Weiss Ratings lowered Stellantis from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 4th. TD Cowen reaffirmed a “hold” rating on shares of Stellantis in a research note on Wednesday, August 26th. Finally, Morgan Stanley downgraded shares of Stellantis from an “equal weight” rating to an “underweight” rating and set a $5.20 price target on the stock. in a research report on Monday, September 14th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and seven have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $7.38.

Stellantis Stock Performance

Shares of Stellantis stock opened at $4.08 on Friday. The firm has a fifty day moving average of $4.84 and a two-hundred day moving average of $6.73. The stock has a market capitalization of $15.38 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 0.35 and a beta of 1.49. Stellantis has a 52 week low of $3.92 and a 52 week high of $12.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.76 and a current ratio of 1.04.

Stellantis (NYSE:STLA) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $49.63 billion during the quarter. As a group, equities research analysts predict that Stellantis will post 0.41 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc raised its position in shares of Stellantis by 1,534.8% during the second quarter. IFP Advisors Inc now owns 4,463 shares of the company’s stock worth $26,000 after purchasing an additional 4,190 shares during the period. Apollon Wealth Management LLC acquired a new position in shares of Stellantis in the 3rd quarter valued at approximately $54,000. Versant Capital Management Inc grew its position in shares of Stellantis by 31.4% in the 3rd quarter. Versant Capital Management Inc now owns 14,496 shares of the company’s stock valued at $64,000 after purchasing an additional 3,467 shares during the period. MASTERINVEST Kapitalanlage GmbH acquired a new position in shares of Stellantis in the 2nd quarter valued at approximately $65,000. Finally, WealthPLAN Partners LLC bought a new stake in Stellantis during the 3rd quarter worth approximately $71,000. 59.48% of the stock is currently owned by institutional investors.

Stellantis Company Profile

Stellantis N.V. (NYSE: STLA) is a global automotive company formed in 2021 through the merger of Fiat Chrysler Automobiles and Groupe PSA. The company designs, engineers, manufactures and sells passenger cars, light commercial vehicles and mobility solutions across markets worldwide.

Stellantis operates a broad portfolio of automotive brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall. Its products range from mass-market cars and sport utility vehicles to commercial vans, performance vehicles and luxury automobiles.