Stellantis (NYSE:STLA) Downgraded by Barclays

Barclays downgraded shares of Stellantis (NYSE:STLA) from an overweight rating to an equal weight rating in a research report sent to investors on Thursday, MarketBeat.com reports.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group reiterated a hold rating and issued a $16.44 target price (down previously from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Wolfe Research reaffirmed a peer perform rating on shares of Stellantis in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft lowered shares of Stellantis from a buy rating to a hold rating in a research note on Monday, July 29th. Sanford C. Bernstein assumed coverage on shares of Stellantis in a research report on Friday, June 28th. They set a market perform rating and a $23.50 target price for the company. Finally, Nomura Securities raised Stellantis from a hold rating to a strong-buy rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Stellantis currently has an average rating of Hold and an average price target of $27.34.

Stellantis Stock Up 1.8 %

Stellantis stock opened at $13.32 on Thursday. The business’s 50-day simple moving average is $15.64 and its two-hundred day simple moving average is $20.42. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The company has a market cap of $41.73 billion, a PE ratio of 2.66, a PEG ratio of 0.27 and a beta of 1.62. Stellantis has a fifty-two week low of $12.98 and a fifty-two week high of $29.51.

Insiders Place Their Bets

In other news, major shareholder N.V. Stellantis bought 2,982,089 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $3.35 per share, for a total transaction of $9,989,998.15. Following the completion of the transaction, the insider now directly owns 59,734,962 shares in the company, valued at $200,112,122.70. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Stellantis

Hedge funds have recently modified their holdings of the business. Rothschild Investment LLC acquired a new position in Stellantis during the second quarter worth about $25,000. Central Pacific Bank Trust Division purchased a new stake in shares of Stellantis in the third quarter valued at approximately $35,000. Westend Capital Management LLC acquired a new stake in shares of Stellantis in the first quarter valued at approximately $38,000. ORG Partners LLC acquired a new stake in shares of Stellantis in the second quarter valued at approximately $38,000. Finally, Ridgewood Investments LLC acquired a new stake in shares of Stellantis in the 2nd quarter worth $54,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

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.