Stellantis (NYSE:STLA) Now Covered by Sanford C. Bernstein

Investment analysts at Sanford C. Bernstein initiated coverage on shares of Stellantis (NYSE:STLA) in a research report issued on Friday, Marketbeat Ratings reports. The brokerage set a “market perform” rating and a $23.50 price target on the stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 18.39% from the company’s current price.

STLA has been the subject of several other research reports. Berenberg Bank reissued a “hold” rating on shares of Stellantis in a research report on Tuesday, March 26th. Barclays upgraded Stellantis to a “strong-buy” rating in a research note on Monday, June 17th. Morgan Stanley upped their target price on Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Piper Sandler started coverage on Stellantis in a research note on Friday, March 15th. They issued an “overweight” rating and a $39.00 target price for the company. Finally, Nomura reiterated a “neutral” rating on shares of Stellantis in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.55.

Stellantis Stock Performance

Stellantis stock opened at $19.85 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95. The stock has a fifty day moving average of $22.04 and a two-hundred day moving average of $23.94. Stellantis has a fifty-two week low of $17.19 and a fifty-two week high of $29.51.

Institutional Investors Weigh In On Stellantis

Several institutional investors and hedge funds have recently added to or reduced their stakes in STLA. Westend Capital Management LLC purchased a new stake in shares of Stellantis in the first quarter worth about $38,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Stellantis in the third quarter worth about $26,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Stellantis in the fourth quarter worth about $40,000. Cape Investment Advisory Inc. boosted its position in shares of Stellantis by 424.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company’s stock worth $50,000 after buying an additional 1,736 shares during the period. Finally, Solstein Capital LLC purchased a new stake in shares of Stellantis in the fourth quarter worth about $50,000. 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.