Stellantis (NYSE:STLA) Reaches New 12-Month Low – What’s Next?

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on STLA shares. Jefferies Financial Group reiterated a “hold” rating and set a $16.44 target price (down from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Evercore ISI started coverage on shares of Stellantis in a research report on Monday, November 11th. They set an “inline” rating for the company. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Nomura upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, Barclays lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.34.

Stellantis Trading Up 1.6 %

The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average price is $13.77 and its two-hundred day moving average price is $17.28. The stock has a market capitalization of $40.88 billion, a P/E ratio of 4.10, a price-to-earnings-growth ratio of 0.42 and a beta of 1.62.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in STLA. Capital Research Global Investors increased its stake in shares of Stellantis by 5.2% in the first quarter. Capital Research Global Investors now owns 1,203,915 shares of the company’s stock worth $34,218,000 after buying an additional 59,169 shares during the period. Ascent Group LLC purchased a new position in shares of Stellantis in the first quarter worth $1,509,000. Janus Henderson Group PLC increased its stake in shares of Stellantis by 67.5% in the first quarter. Janus Henderson Group PLC now owns 5,518,060 shares of the company’s stock worth $157,558,000 after buying an additional 2,223,151 shares during the period. Tidal Investments LLC increased its stake in shares of Stellantis by 8.2% in the first quarter. Tidal Investments LLC now owns 51,497 shares of the company’s stock worth $1,457,000 after buying an additional 3,911 shares during the period. Finally, SkyView Investment Advisors LLC increased its stake in shares of Stellantis by 9.6% in the first quarter. SkyView Investment Advisors LLC now owns 160,993 shares of the company’s stock worth $4,556,000 after buying an additional 14,139 shares during the period. 59.48% of the stock is owned by hedge funds and other institutional investors.

About Stellantis

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.