Stellantis (NYSE:STLA) Stock Falls 7.1% – What’s Next?

Stellantis N.V. (NYSE:STLA) was down 7.1% on Friday. The stock traded as low as $3.95 and last traded at $3.9650. Approximately 8,576,426 shares were traded during trading, a decline of 59% from the average daily volume of 20,896,822 shares. The stock had previously closed at $4.27.

Analysts Set New Price Targets

STLA has been the subject of several recent research reports. Morgan Stanley cut Stellantis from an “equal weight” rating to an “underweight” rating and set a $5.20 price objective for the company. in a research note on Monday, September 14th. Weiss Ratings downgraded Stellantis from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 4th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Stellantis in a report on Thursday, July 9th. Berenberg Bank cut shares of Stellantis from a “buy” rating to a “hold” rating in a report on Wednesday, September 16th. Finally, Wall Street Zen raised shares of Stellantis from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $7.38.

Stellantis Stock Down 6.7%

The business has a 50-day simple moving average of $4.90 and a two-hundred day simple moving average of $6.13. The company has a market capitalization of $15.00 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 0.36 and a beta of 1.49. 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 released its quarterly earnings results on Tuesday, June 30th. The company reported $0.14 EPS for the quarter. The company had revenue of $49.63 billion for the quarter. As a group, equities analysts predict that Stellantis N.V. will post 0.41 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STLA. Bank of America Corp DE raised its position in Stellantis by 84.7% in the first quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock worth $166,746,000 after acquiring an additional 10,783,370 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Stellantis by 118.4% during the 1st quarter. Renaissance Technologies LLC now owns 3,365,143 shares of the company’s stock worth $23,540,000 after purchasing an additional 1,824,139 shares in the last quarter. Swiss National Bank boosted its position in shares of Stellantis by 26.8% during the 1st quarter. Swiss National Bank now owns 6,981,716 shares of the company’s stock worth $48,774,000 after purchasing an additional 1,477,637 shares in the last quarter. Chou Associates Management Inc. acquired a new position in shares of Stellantis during the 2nd quarter worth $8,003,000. Finally, Groupama Asset Managment grew its stake in shares of Stellantis by 308.2% during the 1st quarter. Groupama Asset Managment now owns 964,571 shares of the company’s stock worth $6,839,000 after purchasing an additional 728,301 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

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.