Piper Sandler Initiates Coverage on Stellantis (NYSE:STLA)

Piper Sandler started coverage on shares of Stellantis (NYSE:STLAFree Report) in a research report released on Friday, Marketbeat.com reports. The brokerage issued an overweight rating and a $39.00 price target on the stock.

STLA has been the topic of several other research reports. Nomura reissued a neutral rating on shares of Stellantis in a research note on Wednesday, March 13th. Sanford C. Bernstein lowered shares of Stellantis from an outperform rating to a market perform rating in a report on Wednesday, February 28th. Wolfe Research assumed coverage on shares of Stellantis in a report on Thursday, February 1st. They issued an outperform rating on the stock. Redburn Atlantic assumed coverage on shares of Stellantis in a report on Wednesday, January 24th. They issued a buy rating on the stock. Finally, Wells Fargo & Company began coverage on shares of Stellantis in a report on Monday, December 11th. They issued an underweight rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $30.23.

Check Out Our Latest Stock Report on STLA

Stellantis Stock Performance

Shares of Stellantis stock opened at $28.50 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95. Stellantis has a twelve month low of $15.07 and a twelve month high of $28.50. The company’s fifty day moving average is $24.33 and its 200 day moving average is $21.73.

Insider Activity

In related news, major shareholder N.V. Stellantis acquired 800,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were purchased at an average price of $4.83 per share, for a total transaction of $3,864,000.00. Following the completion of the acquisition, the insider now owns 36,251,720 shares of the company’s stock, valued at $175,095,807.60. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have purchased 2,400,000 shares of company stock worth $11,832,000. Company insiders own 0.02% of the company’s stock.

Institutional Investors Weigh In On Stellantis

Several hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its position in shares of Stellantis by 4.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,863 shares of the company’s stock worth $253,000 after acquiring an additional 430 shares in the last quarter. Rhumbline Advisers increased its position in shares of Stellantis by 2.3% during the third quarter. Rhumbline Advisers now owns 25,711 shares of the company’s stock worth $492,000 after acquiring an additional 580 shares in the last quarter. Five Oceans Advisors increased its position in shares of Stellantis by 5.0% during the fourth quarter. Five Oceans Advisors now owns 12,410 shares of the company’s stock worth $289,000 after acquiring an additional 593 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Stellantis by 2.9% during the third quarter. Stratos Wealth Partners LTD. now owns 21,305 shares of the company’s stock worth $408,000 after acquiring an additional 596 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of Stellantis by 20.6% during the third quarter. IFP Advisors Inc now owns 3,495 shares of the company’s stock worth $67,000 after acquiring an additional 598 shares in the last quarter. 28.17% of the stock is owned by institutional investors.

About Stellantis

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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.

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Analyst Recommendations for Stellantis (NYSE:STLA)

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