Stellantis (NYSE:STLA) Earns Inline Rating from Analysts at Evercore ISI

Evercore ISI started coverage on shares of Stellantis (NYSE:STLA) in a research note published on Monday, Marketbeat reports. The brokerage issued an inline rating on the stock.

A number of other equities analysts have also commented on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $16.44 price objective (down from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. Nomura raised Stellantis from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 31st. Barclays cut Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $27.34.

Stellantis Stock Performance

Shares of STLA opened at $13.12 on Monday. The company has a market capitalization of $41.10 billion, a PE ratio of 4.13, a price-to-earnings-growth ratio of 0.40 and a beta of 1.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a one year low of $12.74 and a one year high of $29.51. The company’s fifty day moving average price is $14.13 and its 200 day moving average price is $17.73.

Institutional Investors Weigh In On Stellantis

Several institutional investors and hedge funds have recently bought and sold shares of STLA. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Stellantis by 5.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,508 shares of the company’s stock worth $298,000 after acquiring an additional 562 shares during the period. Sequoia Financial Advisors LLC raised its position in Stellantis by 4.6% in the second quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company’s stock worth $288,000 after purchasing an additional 636 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Stellantis by 6.0% during the first quarter. EverSource Wealth Advisors LLC now owns 11,519 shares of the company’s stock worth $326,000 after purchasing an additional 656 shares during the period. Legacy Capital Group California Inc. boosted its holdings in Stellantis by 7.0% during the second quarter. Legacy Capital Group California Inc. now owns 10,777 shares of the company’s stock valued at $214,000 after purchasing an additional 707 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Stellantis by 7.6% in the 2nd quarter. CWM LLC now owns 12,424 shares of the company’s stock valued at $247,000 after purchasing an additional 874 shares during the period. 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.