Stellantis (NASDAQ:STLA – Get Rating) had its target price increased by Royal Bank of Canada from €19.00 ($19.59) to €21.00 ($21.65) in a research note issued to investors on Tuesday, The Fly reports. They currently have a sector perform rating on the stock.
Several other research analysts also recently weighed in on the stock. DZ Bank raised shares of Stellantis from a hold rating to a buy rating in a research note on Friday, May 6th. Berenberg Bank started coverage on shares of Stellantis in a research note on Tuesday, May 10th. They set a buy rating for the company. Sanford C. Bernstein started coverage on shares of Stellantis in a research note on Tuesday, May 17th. They set a market perform rating for the company. Morgan Stanley dropped their price objective on shares of Stellantis from €20.00 ($20.62) to €18.50 ($19.07) and set an overweight rating for the company in a research note on Monday, May 9th. Finally, BNP Paribas downgraded shares of Stellantis from an outperform rating to a neutral rating in a research note on Tuesday, June 28th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $21.50.
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Stellantis Trading Up 0.1 %
Shares of STLA stock opened at $14.62 on Tuesday. The firm has a 50-day moving average price of $13.37 and a 200 day moving average price of $15.31. Stellantis has a twelve month low of $11.37 and a twelve month high of $21.99. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 0.98.
Institutional Trading of Stellantis
A number of institutional investors have recently modified their holdings of the company. Capital World Investors grew its holdings in shares of Stellantis by 5.8% during the 1st quarter. Capital World Investors now owns 84,503,092 shares of the company's stock worth $1,368,758,000 after purchasing an additional 4,658,513 shares during the period. Vanguard Group Inc. boosted its holdings in Stellantis by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 70,191,926 shares of the company's stock worth $1,142,023,000 after acquiring an additional 2,135,875 shares during the period. Alliancebernstein L.P. boosted its holdings in Stellantis by 3.5% in the 4th quarter. Alliancebernstein L.P. now owns 38,721,418 shares of the company's stock worth $726,414,000 after acquiring an additional 1,299,211 shares during the period. Bank of Italy boosted its holdings in Stellantis by 17.8% in the 2nd quarter. Bank of Italy now owns 35,437,872 shares of the company's stock worth $434,055,000 after acquiring an additional 5,365,181 shares during the period. Finally, Norges Bank purchased a new position in Stellantis in the 4th quarter worth approximately $607,517,000. Hedge funds and other institutional investors own 47.97% of the company's stock.
Stellantis Company Profile
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Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, and production systems worldwide. It provides luxury, premium, and mainstream passenger vehicles; pickup trucks, sport utility vehicles, and commercial vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.
Further Reading
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