Stellantis (NYSE:STLA) Receives $27.34 Average Price Target from Brokerages

Shares of Stellantis (NYSE:STLA) have earned an average rating of “Hold” from the thirteen brokerages that are covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $27.34.

A number of equities analysts have recently issued reports on the company. Evercore ISI started coverage on Stellantis in a report on Monday, November 11th. They issued an “inline” rating for the company. Barclays lowered Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th.

Stellantis Stock Down 2.0 %

Shares of NYSE:STLA opened at $12.53 on Monday. The firm has a market capitalization of $39.25 billion, a PE ratio of 4.11, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a 52-week low of $12.12 and a 52-week high of $29.51. The firm has a fifty day moving average of $13.23 and a 200 day moving average of $15.36.

Institutional Investors Weigh In On Stellantis

Institutional investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new position in shares of Stellantis during the second quarter valued at about $25,000. Waldron Private Wealth LLC bought a new position in Stellantis during the 3rd quarter valued at approximately $33,000. Central Pacific Bank Trust Division purchased a new stake in Stellantis in the 3rd quarter worth approximately $35,000. Cromwell Holdings LLC grew its position in shares of Stellantis by 52.9% in the 3rd quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock worth $42,000 after buying an additional 1,036 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in shares of Stellantis during the third quarter valued at approximately $47,000. 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.