Stellantis (NYSE:STLA) Cut to Neutral at UBS Group

Stellantis (NYSE:STLA) was downgraded by analysts at UBS Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday,Briefing.com Automated Import reports.

Other research analysts have also recently issued research reports about the stock. Piper Sandler cut shares of Stellantis from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. Cowen started coverage on shares of Stellantis in a research report on Thursday, March 6th. They set a “hold” rating for the company. Finally, TD Cowen assumed coverage on Stellantis in a research note on Friday, March 7th. They issued a “hold” rating and a $13.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.49.

Stellantis Price Performance

STLA stock opened at $8.88 on Monday. Stellantis has a one year low of $8.39 and a one year high of $27.04. The firm has a 50 day simple moving average of $12.14 and a two-hundred day simple moving average of $12.84. The stock has a market cap of $26.83 billion, a PE ratio of 2.60 and a beta of 1.44. 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 Inflows and Outflows

A number of hedge funds have recently made changes to their positions in STLA. Chemistry Wealth Management LLC grew its holdings in Stellantis by 34.2% during the 1st quarter. Chemistry Wealth Management LLC now owns 62,239 shares of the company’s stock worth $698,000 after acquiring an additional 15,846 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Stellantis by 422.3% in the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company’s stock worth $35,000 after purchasing an additional 2,538 shares during the period. Versant Capital Management Inc boosted its stake in shares of Stellantis by 1,938.6% during the first quarter. Versant Capital Management Inc now owns 10,132 shares of the company’s stock valued at $112,000 after purchasing an additional 9,635 shares in the last quarter. Greenhaven Associates Inc. purchased a new position in Stellantis during the first quarter valued at approximately $336,000. Finally, Lansforsakringar Fondforvaltning AB publ bought a new position in Stellantis in the fourth quarter worth approximately $815,000. 59.48% of the stock is currently owned by institutional investors.

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.