Stellantis (NYSE:STLA) Upgraded at Wall Street Zen

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

A number of other brokerages also recently weighed in on STLA. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Stellantis in a report on Thursday, July 9th. Citigroup reissued a “neutral” rating on shares of Stellantis in a research note on Thursday, July 9th. Truist Financial set a $9.00 price objective on Stellantis in a research report on Friday, May 22nd. TD Cowen reaffirmed a “hold” rating on shares of Stellantis in a research note on Wednesday, August 26th. Finally, Piper Sandler downgraded Stellantis from an “overweight” rating to an “underweight” rating and set a $4.00 target price on the stock. in a report on Monday, July 27th. Two 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. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $7.45.

Stellantis Stock Performance

Stellantis stock opened at $4.82 on Friday. Stellantis has a 52 week low of $4.76 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. The firm has a market capitalization of $18.14 billion, a price-to-earnings ratio of 12.36, a P/E/G ratio of 0.33 and a beta of 1.44. The company has a 50 day moving average price of $5.47 and a 200 day moving average price of $6.53.

Stellantis (NYSE:STLA) last announced its earnings results on Tuesday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $49.63 billion for the quarter. Research analysts forecast that Stellantis will post 0.51 EPS for the current year.

Institutional Trading of Stellantis

Several large investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its stake in shares of Stellantis by 1,534.8% in the 2nd quarter. IFP Advisors Inc now owns 4,463 shares of the company’s stock valued at $26,000 after acquiring an additional 4,190 shares in the last quarter. Sarver Vrooman Wealth Advisors bought a new position in shares of Stellantis in the fourth quarter valued at approximately $52,000. MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Stellantis in the second quarter worth $65,000. MinichMacGregor Wealth Management LLC acquired a new stake in shares of Stellantis in the first quarter worth $73,000. Finally, Taylor & Morgan Wealth Management LLC acquired a new stake in shares of Stellantis in the second quarter worth $75,000. Institutional investors own 59.48% of the company’s stock.

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.