Analysts Set Stellantis (NYSE:STLA) Price Target at $27.34

Shares of Stellantis (NYSE:STLA) have received a consensus rating of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $27.34.

STLA has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Stellantis from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Barclays lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Jefferies Financial Group reissued a “hold” rating and issued a $16.44 price target (down previously from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Nomura Securities raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th.

Institutional Trading of Stellantis

Several large investors have recently added to or reduced their stakes in STLA. Janney Montgomery Scott LLC grew its stake in Stellantis by 3.2% during the first quarter. Janney Montgomery Scott LLC now owns 59,436 shares of the company’s stock worth $1,682,000 after buying an additional 1,818 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Stellantis by 5.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,508 shares of the company’s stock worth $298,000 after buying an additional 562 shares during the last quarter. Empowered Funds LLC grew its stake in Stellantis by 256.5% during the first quarter. Empowered Funds LLC now owns 33,756 shares of the company’s stock worth $955,000 after buying an additional 24,288 shares during the last quarter. Atomi Financial Group Inc. grew its stake in Stellantis by 22.7% during the first quarter. Atomi Financial Group Inc. now owns 13,394 shares of the company’s stock worth $379,000 after buying an additional 2,474 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Stellantis by 39.2% during the first quarter. Sei Investments Co. now owns 213,716 shares of the company’s stock valued at $6,048,000 after purchasing an additional 60,177 shares during the last quarter. 59.48% of the stock is owned by institutional investors.

Stellantis Stock Up 1.9 %

Shares of STLA opened at $13.38 on Friday. The company has a 50-day simple moving average of $14.07 and a 200-day simple moving average of $17.70. The firm has a market capitalization of $41.90 billion, a P/E ratio of 4.21, a P/E/G ratio of 0.40 and a beta of 1.62. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a 52 week low of $12.74 and a 52 week high of $29.51.

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.