Stellantis (NYSE:STLA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Stellantis (NYSE:STLA) have earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $27.34.

A number of equities analysts have commented on STLA shares. Nomura Securities upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Barclays upgraded shares of Stellantis to a “strong-buy” rating in a research note on Monday, June 17th. Deutsche Bank Aktiengesellschaft downgraded shares of Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Nomura raised shares of Stellantis from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th.

Stellantis Price Performance

Shares of STLA stock opened at $16.06 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The company’s 50-day simple moving average is $16.21 and its two-hundred day simple moving average is $20.92. Stellantis has a one year low of $14.76 and a one year high of $29.51.

Insider Activity at Stellantis

In other news, major shareholder N.V. Stellantis bought 2,982,089 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $3.35 per share, with a total value of $9,989,998.15. Following the completion of the transaction, the insider now directly owns 59,734,962 shares of the company’s stock, valued at approximately $200,112,122.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Stellantis

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its position in Stellantis by 12.5% during the fourth quarter. Wells Fargo & Company MN now owns 596,174 shares of the company’s stock valued at $13,903,000 after acquiring an additional 66,427 shares during the last quarter. Cim LLC purchased a new position in shares of Stellantis in the fourth quarter worth $1,977,000. Freemont Management S.A. purchased a new position in shares of Stellantis in the fourth quarter worth $3,032,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Stellantis by 21.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 45,929 shares of the company’s stock worth $1,300,000 after buying an additional 8,027 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of Stellantis by 5.2% in the first quarter. Capital Research Global Investors now owns 1,203,915 shares of the company’s stock worth $34,218,000 after buying an additional 59,169 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

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.