Stellantis (NYSE:STLA) Earns Hold Rating from Analysts at TD Cowen

Equities researchers at TD Cowen started coverage on shares of Stellantis (NYSE:STLA) in a note issued to investors on Friday,Briefing.com Automated Import reports. The firm set a “hold” rating and a $13.00 price target on the stock. TD Cowen’s target price would indicate a potential upside of 1.92% from the stock’s previous close.

Separately, Evercore ISI started coverage on shares of Stellantis in a report on Monday, November 11th. They issued an “inline” rating on the stock. Eight research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $24.47.

Stellantis Trading Down 1.0 %

Shares of NYSE STLA opened at $12.76 on Friday. The stock has a market capitalization of $38.56 billion, a P/E ratio of 3.74 and a beta of 1.64. The business has a fifty day moving average price of $13.11 and a 200 day moving average price of $13.76. Stellantis has a 1-year low of $11.40 and a 1-year high of $29.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

Institutional Investors Weigh In On Stellantis

A number of institutional investors and hedge funds have recently modified their holdings of STLA. Geneos Wealth Management Inc. acquired a new position in Stellantis in the 4th quarter worth approximately $26,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Stellantis in the 4th quarter valued at about $29,000. Darwin Wealth Management LLC acquired a new position in Stellantis in the 3rd quarter worth about $47,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Stellantis in the fourth quarter valued at approximately $47,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after buying an additional 1,489 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

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.