Stellantis (NYSE:STLA) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Stellantis (NYSE:STLA) have been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $27.34.

A number of equities research analysts recently issued reports on the company. Evercore ISI assumed coverage on Stellantis in a research report on Monday, November 11th. They set an “inline” rating on the stock. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a report 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.

Stellantis Stock Up 1.2 %

NYSE:STLA opened at $13.52 on Friday. The firm’s fifty day moving average price is $13.06 and its two-hundred day moving average price is $14.49. Stellantis has a one year low of $12.12 and a one year high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. bought a new position in shares of Stellantis in the fourth quarter worth about $26,000. Waldron Private Wealth LLC acquired a new position in Stellantis during the 3rd quarter worth approximately $33,000. Central Pacific Bank Trust Division bought a new position in Stellantis in the 3rd quarter valued at approximately $35,000. Cromwell Holdings LLC boosted its position in Stellantis by 52.9% in the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after buying an additional 1,036 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of Stellantis during the third quarter worth $47,000. 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.