Stellantis (NYSE:STLA) Stock Rating Lowered by Freedom Capital

by · The Cerbat Gem

Stellantis (NYSE:STLA – Get Free Report) was downgraded by equities researchers at Freedom Capital from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other analysts have also weighed in on the stock. Piper Sandler set a $15.00 price objective on shares of Stellantis and gave the company an “overweight” rating in a research note on Thursday, January 8th. BNP Paribas Exane lowered shares of Stellantis from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. The Goldman Sachs Group raised shares of Stellantis to a “hold” rating in a research report on Monday, November 24th. Citigroup reaffirmed a “neutral” rating on shares of Stellantis in a research report on Tuesday, November 11th. Finally, Wolfe Research upgraded Stellantis from an “underperform” rating to a “peer perform” rating in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.31.

View Our Latest Research Report on STLA

Stellantis Stock Performance

NYSE STLA opened at $7.63 on Monday. Stellantis has a one year low of $7.03 and a one year high of $13.14. The company has a quick ratio of 0.74, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. The business has a 50 day simple moving average of $9.45 and a 200 day simple moving average of $10.00.

Hedge Funds Weigh In On Stellantis

Hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI raised its position in Stellantis by 3.7% in the 3rd quarter. National Bank of Canada FI now owns 32,949 shares of the company’s stock valued at $306,000 after buying an additional 1,186 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Stellantis by 2.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 59,263 shares of the company’s stock worth $594,000 after acquiring an additional 1,193 shares during the last quarter. Straightline Group LLC grew its stake in shares of Stellantis by 5.0% in the 2nd quarter. Straightline Group LLC now owns 28,248 shares of the company’s stock worth $283,000 after acquiring an additional 1,352 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Stellantis by 28.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 7,110 shares of the company’s stock valued at $77,000 after purchasing an additional 1,586 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Stellantis by 7.6% during the fourth quarter. Stifel Financial Corp now owns 23,100 shares of the company’s stock valued at $252,000 after purchasing an additional 1,624 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Company Profile

(Get Free Report)

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.

Featured Articles