Stellantis (NYSE:STLA) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Stellantis (NYSE:STLA) have been given an average recommendation of “Hold” by the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $30.28.

STLA has been the topic of a number of recent research reports. Berenberg Bank reissued a “hold” rating on shares of Stellantis in a research report on Tuesday, March 26th. Nomura reaffirmed 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 research note on Wednesday, February 28th. Piper Sandler assumed coverage on shares of Stellantis in a research note on Friday, March 15th. They issued an “overweight” rating and a $39.00 price objective for the company. Finally, Morgan Stanley upped their price objective on shares of Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a research note on Thursday, April 11th.

Hedge Funds Weigh In On Stellantis

A number of large investors have recently added to or reduced their stakes in STLA. EverSource Wealth Advisors LLC increased its holdings 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 valued at $253,000 after acquiring an additional 430 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Stellantis by 3.5% during the first quarter. Hexagon Capital Partners LLC now owns 13,677 shares of the company’s stock valued at $387,000 after acquiring an additional 463 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Stellantis by 5.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,508 shares of the company’s stock valued at $298,000 after acquiring an additional 562 shares in the last quarter. Five Oceans Advisors increased its holdings in shares of Stellantis by 5.0% during the fourth quarter. Five Oceans Advisors now owns 12,410 shares of the company’s stock valued at $289,000 after acquiring an additional 593 shares in the last quarter. Finally, Janiczek Wealth Management LLC increased its holdings in shares of Stellantis by 2.4% during the first quarter. Janiczek Wealth Management LLC now owns 28,441 shares of the company’s stock valued at $805,000 after acquiring an additional 660 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors.

Stellantis Trading Up 1.7 %

Shares of NYSE STLA opened at $20.55 on Thursday. Stellantis has a 52-week low of $16.41 and a 52-week high of $29.51. The stock has a 50 day moving average price of $23.11 and a 200 day moving average price of $24.08. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24.

Stellantis Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were issued a $1.147 dividend. The ex-dividend date was Monday, April 22nd. This represents a yield of 4.55%.

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.