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

Stellantis (NYSE:STLA) has received an average rating of “Hold” from the eleven brokerages that are covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $27.34.

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

Hedge Funds Weigh In On Stellantis

Institutional investors and hedge funds have recently bought and sold shares of the business. Cromwell Holdings LLC raised its position in shares of Stellantis by 52.9% during the 3rd quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after buying an additional 1,036 shares in the last quarter. Prospera Financial Services Inc raised its position in Stellantis by 9.5% during the third quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock valued at $192,000 after purchasing an additional 1,192 shares during the period. Spire Wealth Management raised its position in Stellantis by 29.7% during the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock valued at $69,000 after purchasing an additional 1,211 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in Stellantis by 67.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after purchasing an additional 1,489 shares during the period. Finally, Caprock Group LLC raised its position in Stellantis by 6.9% during the fourth quarter. Caprock Group LLC now owns 24,293 shares of the company’s stock valued at $317,000 after purchasing an additional 1,558 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Trading Up 1.1 %

NYSE:STLA opened at $13.39 on Friday. The firm’s 50 day moving average is $13.02 and its two-hundred day moving average is $14.60. Stellantis has a fifty-two week low of $12.12 and a fifty-two week high of $29.51. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

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.