Stellantis (NYSE:STLA) Upgraded to Buy by Nomura

Nomura upgraded shares of Stellantis (NYSE:STLA) from a neutral rating to a buy rating in a research report released on Wednesday, Marketbeat.com reports.

Other analysts have also issued research reports about the stock. Morgan Stanley lifted their price objective on shares of Stellantis from $26.00 to $30.40 and gave the company an overweight rating in a research note on Thursday, April 11th. Barclays raised shares of Stellantis to a strong-buy rating in a research report on Monday, June 17th. Deutsche Bank Aktiengesellschaft downgraded shares of Stellantis from a buy rating to a hold rating in a research report on Monday, July 29th. Finally, Sanford C. Bernstein started coverage on shares of Stellantis in a research report on Friday, June 28th. They issued a market perform rating and a $23.50 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $30.97.

Stellantis Trading Down 1.2 %

NYSE:STLA opened at $16.13 on Wednesday. The company has a fifty day moving average of $20.20 and a 200-day moving average of $23.28. The company has a current ratio of 1.14, a quick ratio of 0.95 and a debt-to-equity ratio of 0.26. Stellantis has a twelve month low of $15.82 and a twelve month high of $29.51.

Hedge Funds Weigh In On Stellantis

A number of hedge funds have recently bought and sold shares of STLA. Norges Bank purchased a new position in Stellantis during the 4th quarter worth $832,785,000. Capital International Investors boosted its holdings in shares of Stellantis by 329.3% in the 1st quarter. Capital International Investors now owns 22,503,781 shares of the company’s stock worth $639,609,000 after buying an additional 17,261,955 shares during the last quarter. Capital World Investors boosted its holdings in shares of Stellantis by 63.4% in the 1st quarter. Capital World Investors now owns 13,756,552 shares of the company’s stock worth $390,811,000 after buying an additional 5,336,868 shares during the last quarter. M&G Plc purchased a new position in shares of Stellantis in the 1st quarter worth about $128,254,000. Finally, TOMS Capital Investment Management LP purchased a new position in shares of Stellantis in the 4th quarter worth about $106,339,000. 59.48% of the stock is owned by hedge funds and other 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.