Stellantis (NYSE:STLA) Downgraded to “Hold” Rating by Berenberg Bank

Stellantis (NYSE:STLA) was downgraded by Berenberg Bank from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Briefing.com reports.

A number of other equities research analysts have also weighed in on STLA. UBS Group lowered Stellantis from a “buy” rating to a “neutral” rating in a report on Monday, August 3rd. HSBC downgraded Stellantis from a “hold” rating to a “reduce” rating in a research report on Friday, July 3rd. Piper Sandler lowered shares of Stellantis from an “overweight” rating to an “underweight” rating and set a $4.00 target price on the stock. in a research report on Monday, July 27th. Sanford C. Bernstein downgraded shares of Stellantis from a “market perform” rating to an “underperform” rating in a research note on Friday, August 7th. Finally, Morgan Stanley cut shares of Stellantis from an “equal weight” rating to an “underweight” rating and set a $5.20 target price on the stock. in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $7.87.

Stellantis Price Performance

Stellantis stock opened at $5.12 on Wednesday. Stellantis has a 52-week low of $5.05 and a 52-week high of $12.22. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.59. The company has a fifty day simple moving average of $5.51 and a 200-day simple moving average of $6.61. The firm has a market capitalization of $19.25 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 0.30 and a beta of 1.44.

Stellantis (NYSE:STLA) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $49.63 billion for the quarter. On average, equities analysts anticipate that Stellantis will post 0.61 EPS for the current fiscal year.

Institutional Trading of Stellantis

A number of institutional investors and hedge funds have recently made changes to their positions in STLA. Norges Bank bought a new stake in Stellantis in the fourth quarter valued at approximately $553,692,000. Bank of America Corp DE raised its holdings in Stellantis by 84.7% in the 1st quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock valued at $166,746,000 after acquiring an additional 10,783,370 shares in the last quarter. Franklin Resources Inc. raised its holdings in Stellantis by 122.8% in the 4th quarter. Franklin Resources Inc. now owns 18,753,235 shares of the company’s stock valued at $205,019,000 after acquiring an additional 10,337,920 shares in the last quarter. Banco Santander S.A. lifted its position in shares of Stellantis by 99.9% during the 4th quarter. Banco Santander S.A. now owns 19,046,160 shares of the company’s stock valued at $207,413,000 after acquiring an additional 9,520,576 shares during the period. Finally, Leonteq Securities AG bought a new stake in shares of Stellantis during the 4th quarter valued at $77,209,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

About Stellantis

Stellantis N.V. (NYSE: STLA) is a global automaker that designs, develops, manufactures and sells passenger cars, light commercial vehicles and related mobility products and services. The company serves customers across North America, Europe, South America, the Middle East, Africa and other international markets.

Stellantis’ portfolio includes a broad range of vehicle brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall.