Analysts Set Stellantis (NYSE:STLA) Price Target at $27.34

Stellantis (NYSE:STLA) has been given a consensus rating of “Hold” by the thirteen analysts that are presently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $27.34.

STLA has been the subject of a number of analyst reports. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Wolfe Research reissued a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Evercore ISI began coverage on shares of Stellantis in a research report on Monday, November 11th. They issued an “inline” rating on the stock. Finally, Barclays lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd.

Stellantis Trading Up 0.1 %

Shares of STLA stock opened at $13.05 on Monday. The business has a 50-day moving average of $13.27 and a 200 day moving average of $15.52. 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 1-year low of $12.12 and a 1-year high of $29.51. The stock has a market capitalization of $40.88 billion, a PE ratio of 4.28, a P/E/G ratio of 0.45 and a beta of 1.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. increased its stake in shares of Stellantis by 74.7% in the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock worth $102,340,000 after acquiring an additional 3,252,492 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of Stellantis during the third quarter valued at approximately $1,324,000. Te Ahumairangi Investment Management Ltd lifted its holdings in shares of Stellantis by 28.3% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company’s stock valued at $7,408,000 after purchasing an additional 118,635 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in shares of Stellantis by 5.2% during the third quarter. SkyView Investment Advisors LLC now owns 181,148 shares of the company’s stock valued at $2,552,000 after purchasing an additional 8,988 shares during the last quarter. Finally, Virtu Financial LLC boosted its position in shares of Stellantis by 148.8% in the 3rd quarter. Virtu Financial LLC now owns 48,303 shares of the company’s stock worth $679,000 after purchasing an additional 28,891 shares in the last quarter. 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.