Stellantis (NYSE:STLA) Reaches New 1-Year Low – Time to Sell?

Stellantis (NYSE:STLA)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $12.71 and last traded at $12.71, with a volume of 217085 shares. The stock had previously closed at $12.85.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on STLA shares. Jefferies Financial Group reiterated 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. Evercore ISI started coverage on Stellantis in a research report on Monday, November 11th. They set an “inline” rating for the company. Nomura Securities upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Finally, Barclays downgraded Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Stellantis has an average rating of “Hold” and a consensus target price of $27.34.

Stellantis Trading Down 0.5 %

The firm has a 50 day simple moving average of $13.85 and a two-hundred day simple moving average of $17.37. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Hedge Funds Weigh In On Stellantis

Several hedge funds have recently added to or reduced their stakes in STLA. Capital International Investors raised its position in shares of Stellantis by 329.3% during the first quarter. Capital International Investors now owns 22,503,781 shares of the company’s stock worth $639,609,000 after purchasing an additional 17,261,955 shares during the period. Capital World Investors raised its position in shares of Stellantis by 63.4% during the first quarter. Capital World Investors now owns 13,756,552 shares of the company’s stock worth $390,811,000 after purchasing an additional 5,336,868 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Stellantis by 0.4% during the second quarter. Canada Pension Plan Investment Board now owns 9,838,506 shares of the company’s stock worth $194,755,000 after purchasing an additional 43,159 shares during the period. AustralianSuper Pty Ltd raised its position in shares of Stellantis by 26.3% during the third quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock worth $125,597,000 after purchasing an additional 1,894,146 shares during the period. Finally, Conifer Management L.L.C. raised its position in shares of Stellantis by 26.4% during the third quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock worth $126,450,000 after purchasing an additional 1,880,000 shares during the period. Institutional investors and hedge funds 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.