Stellantis (NYSE:STLA) Shares Gap Down – What’s Next?

Shares of Stellantis N.V. (NYSE:STLA) gapped down prior to trading on Thursday . The stock had previously closed at $7.53, but opened at $7.18. Stellantis shares last traded at $7.0550, with a volume of 9,664,727 shares trading hands.

Stellantis News Summary

Here are the key news stories impacting Stellantis this week:

• Positive Sentiment: Stellantis launched its FaSTLAne 2030 plan, a €60 billion strategy targeting growth, profit improvement, and about €6 billion in annual cost savings by 2028, which signals management is pushing hard to improve margins and cash generation. Article Title
• Positive Sentiment: The company said it plans to release 60 new models by 2030, including more affordable vehicles under key brands like Jeep, Ram, Chrysler, Peugeot and Fiat, which could help regain market share and broaden appeal. Article Title
• Positive Sentiment: Stellantis introduced STLA One, a new modular vehicle architecture designed to reduce complexity, improve component reuse, and support more than 2 million units by 2035, which could boost long-term efficiency. Article Title
• Positive Sentiment: Management expanded technology partnerships with Qualcomm, Applied Intuition and Wayve to advance software-defined vehicles and hands-free driving, strengthening Stellantis’ competitiveness in EVs and autonomous features. Article Title

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Stellantis from a “sell” rating to a “hold” rating in a report on Monday, March 9th. Morgan Stanley lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating and set a $10.90 price target for the company. in a report on Tuesday, February 3rd. Citigroup reissued a “buy” rating on shares of Stellantis in a report on Thursday, April 16th. Truist Financial set a $9.00 price target on shares of Stellantis in a report on Friday. Finally, Kepler Capital Markets lowered shares of Stellantis from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Stellantis presently has a consensus rating of “Hold” and an average target price of $10.91.

Stellantis Stock Performance

The stock has a market capitalization of $28.62 billion, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 0.26 and a beta of 1.39. 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 moving average is $7.48 and its two-hundred day moving average is $9.00.

Stellantis (NYSE:STLA) last announced its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The company had revenue of $44.14 billion during the quarter. Analysts expect that Stellantis N.V. will post 1.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stellantis

Large investors have recently modified their holdings of the business. Bank of Italy boosted its stake in shares of Stellantis by 11.6% during the 3rd quarter. Bank of Italy now owns 36,630,307 shares of the company’s stock worth $338,212,000 after buying an additional 3,800,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Stellantis by 19.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803,310 shares of the company’s stock worth $19,908,000 after buying an additional 298,611 shares during the last quarter. Leonteq Securities AG acquired a new position in shares of Stellantis during the 4th quarter worth about $77,209,000. Exane Asset Management boosted its stake in shares of Stellantis by 134.3% during the 3rd quarter. Exane Asset Management now owns 1,401,411 shares of the company’s stock worth $12,961,000 after buying an additional 803,186 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA boosted its stake in shares of Stellantis by 440.1% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 250,022 shares of the company’s stock worth $2,778,000 after buying an additional 203,731 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

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.