RBC Capital analyst Tom Narayan maintained a Buy rating on Stellantis (STLA – Research Report) on May 8 and set a price target of €31.00. The company’s shares closed yesterday at $21.90.
According to TipRanks, Narayan is a 4-star analyst with an average return of 6.2% and a 50.89% success rate. Narayan covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Mercedes-Benz Group, and Stellantis.
In addition to RBC Capital, Stellantis also received a Buy from Piper Sandler’s Alexander Potter in a report issued on May 9. However, on May 7, DZ BANK AG maintained a Sell rating on Stellantis (NYSE: STLA).
STLA market cap is currently $65.75B and has a P/E ratio of 3.36.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of STLA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Stellantis (STLA) Company Description:
Stellantis N.V. is a leading automotive group that designs, manufactures, distributes, and sells vehicles, components, and production systems. It distributes and sells vehicles under Jeep, Alfa Romeo, Chrysler, Abarth, Dodge, Fiat, Citroën, DS, Peugeot, Opel, Ram, and Vauxhall brands.
Read More on STLA:
- Stellantis Pro One achieves number 1 spot in Middle East, Africa region
- Stellantis Pro One Achieves No. 1 Spot in Middle East & Africa Region and Strengthens Commercial Vehicle Leadership in Europe and South America
- Stellantis price target lowered to EUR 24 from EUR 28.50 at Barclays
- Stellantis NV put volume heavy and directionally bearish
- Stellantis price target lowered to EUR 25 from EUR 26 at JPMorgan
