Stellantis (NYSE:STLA) Shares Gap Down – What’s Next?

Stellantis (NYSE:STLA)’s share price gapped down prior to trading on Friday . The stock had previously closed at $12.78, but opened at $12.49. Stellantis shares last traded at $12.47, with a volume of 1,149,621 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on STLA shares. Barclays downgraded shares of Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Finally, Evercore ISI initiated coverage on Stellantis in a report on Monday, November 11th. They set an “inline” rating on the stock. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $27.34.

Stellantis Trading Down 2.0 %

The company has a 50 day moving average of $13.23 and a 200 day moving average of $15.39. The firm has a market cap of $39.25 billion, a price-to-earnings ratio of 4.11, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. 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 Investors Weigh In On Stellantis

Large investors have recently made changes to their positions in the company. Evergreen Capital Management LLC lifted its holdings in Stellantis by 2.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 41,257 shares of the company’s stock valued at $819,000 after purchasing an additional 971 shares during the last quarter. Cromwell Holdings LLC raised its stake in shares of 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 acquiring an additional 1,036 shares during the last quarter. Sfmg LLC boosted its holdings in shares of Stellantis by 0.5% in the 2nd quarter. Sfmg LLC now owns 238,759 shares of the company’s stock worth $4,739,000 after acquiring an additional 1,090 shares in the last quarter. Prospera Financial Services Inc grew its position in Stellantis by 9.5% during the 3rd quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock worth $192,000 after acquiring an additional 1,192 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new stake in Stellantis during the 2nd quarter valued at $25,000. 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.