Stellantis (NYSE:STLA) Receives $30.28 Average Target Price from Analysts

Stellantis (NYSE:STLA) has been given an average recommendation of “Hold” by the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $30.28.

A number of research firms have issued reports on STLA. Berenberg Bank restated a “hold” rating on shares of Stellantis in a research report on Tuesday, March 26th. HSBC lowered shares of Stellantis from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. Nomura reaffirmed a “neutral” rating on shares of Stellantis in a research note on Wednesday, March 13th. Sanford C. Bernstein lowered shares of Stellantis from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 28th. Finally, Redburn Atlantic began coverage on shares of Stellantis in a research note on Wednesday, January 24th. They set a “buy” rating on the stock.

Insider Buying and Selling

In other Stellantis news, major shareholder N.V. Stellantis acquired 800,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average price of $4.83 per share, with a total value of $3,864,000.00. Following the completion of the purchase, the insider now directly owns 36,251,720 shares of the company’s stock, valued at approximately $175,095,807.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 3,150,000 shares of company stock valued at $15,724,500 over the last quarter. Corporate insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STLA. Cary Street Partners Investment Advisory LLC purchased a new position in Stellantis in the third quarter worth about $26,000. Westend Capital Management LLC purchased a new position in shares of Stellantis during the first quarter valued at approximately $38,000. Bruce G. Allen Investments LLC purchased a new position in shares of Stellantis during the fourth quarter valued at approximately $40,000. Global Retirement Partners LLC raised its holdings in shares of Stellantis by 953.6% during the third quarter. Global Retirement Partners LLC now owns 2,318 shares of the company’s stock valued at $43,000 after purchasing an additional 2,098 shares during the last quarter. Finally, Solstein Capital LLC purchased a new position in shares of Stellantis during the fourth quarter valued at approximately $50,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Trading Up 0.6 %

STLA stock opened at $24.74 on Wednesday. The firm’s 50-day moving average price is $26.95 and its two-hundred day moving average price is $23.42. Stellantis has a 12-month low of $15.07 and a 12-month high of $29.51. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.24.

Stellantis Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be paid a dividend of $1.147 per share. This represents a yield of 4.55%. The ex-dividend date of this dividend is Monday, April 22nd.

Stellantis Company Profile

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.