Stellantis (NYSE:STLA) Upgraded at DZ Bank

Stellantis (NYSE:STLA) was upgraded by DZ Bank from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also commented on STLA. UBS Group lowered shares of Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, April 14th. Cowen started coverage on Stellantis in a research report on Thursday, March 6th. They set a “hold” rating for the company. Redburn Atlantic downgraded Stellantis from a “buy” rating to a “neutral” rating in a research report on Tuesday. TD Cowen started coverage on Stellantis in a report on Friday, March 7th. They issued a “hold” rating and a $13.00 price objective for the company. Finally, Piper Sandler cut shares of Stellantis from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. Twelve analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Stellantis has an average rating of “Hold” and an average price target of $16.49.

Stellantis Trading Down 5.9 %

NYSE STLA opened at $8.94 on Tuesday. The stock has a market cap of $27.03 billion, a PE ratio of 2.62 and a beta of 1.44. Stellantis has a 12 month low of $8.39 and a 12 month high of $25.05. The company’s 50-day moving average price is $11.51 and its 200-day moving average price is $12.60. 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 Inflows and Outflows

Several large investors have recently modified their holdings of STLA. Wealthquest Corp purchased a new position in Stellantis in the first quarter worth $102,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Stellantis by 19.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 26,094 shares of the company’s stock worth $290,000 after purchasing an additional 4,159 shares in the last quarter. Manning & Napier Advisors LLC boosted its position in shares of Stellantis by 1.6% in the 1st quarter. Manning & Napier Advisors LLC now owns 207,849 shares of the company’s stock worth $2,330,000 after purchasing an additional 3,346 shares in the last quarter. Altrius Capital Management Inc grew its stake in Stellantis by 13.2% during the 1st quarter. Altrius Capital Management Inc now owns 668,525 shares of the company’s stock worth $7,494,000 after buying an additional 78,164 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Stellantis by 16.8% during the 1st quarter. Blue Trust Inc. now owns 18,063 shares of the company’s stock valued at $202,000 after buying an additional 2,595 shares in the last quarter. 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.