Stellantis (NYSE:STLA) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Stellantis (NYSE:STLA) have been assigned an average rating of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $19.27.

A number of brokerages have commented on STLA. Cowen assumed coverage on Stellantis in a research note on Thursday, March 6th. They issued a “hold” rating on the stock. Piper Sandler lowered shares of Stellantis from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $13.00 in a report on Thursday, March 20th. Finally, TD Cowen assumed coverage on shares of Stellantis in a report on Friday, March 7th. They issued a “hold” rating and a $13.00 price target on the stock.

Stellantis Stock Down 0.9 %

STLA opened at $11.23 on Tuesday. Stellantis has a 12 month low of $11.02 and a 12 month high of $28.49. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average price is $12.92 and its 200-day moving average price is $13.26. The company has a market cap of $33.96 billion, a P/E ratio of 3.29 and a beta of 1.64.

Hedge Funds Weigh In On Stellantis

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. purchased a new stake in Stellantis in the fourth quarter worth about $26,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Stellantis in the 4th quarter valued at approximately $29,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Stellantis during the fourth quarter valued at approximately $47,000. MassMutual Private Wealth & Trust FSB grew its stake in Stellantis by 67.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after purchasing an additional 1,489 shares during the period. Finally, WealthCollab LLC raised its holdings in Stellantis by 96.5% in the fourth quarter. WealthCollab LLC now owns 4,594 shares of the company’s stock worth $60,000 after purchasing an additional 2,256 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

About Stellantis

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.