Shares of Stellantis (NASDAQ:STLA – Get Rating) have received an average recommendation of “Buy” from the twelve analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $20.90.
STLA has been the topic of several analyst reports. Zacks Investment Research upgraded Stellantis from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Tuesday, May 17th. Bank of America downgraded shares of Stellantis from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 26th. JPMorgan Chase & Co. lowered their price objective on shares of Stellantis from €27.00 ($28.72) to €21.00 ($22.34) and set an “overweight” rating on the stock in a research note on Thursday, February 24th. Sanford C. Bernstein began coverage on shares of Stellantis in a research note on Tuesday, May 17th. They issued a “market perform” rating on the stock. Finally, Societe Generale raised their price objective on shares of Stellantis from €23.00 ($24.47) to €28.00 ($29.79) and gave the stock a “buy” rating in a research note on Friday, February 25th.
Several hedge funds and other institutional investors have recently modified their holdings of STLA. Norges Bank bought a new position in shares of Stellantis during the fourth quarter valued at $607,517,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Stellantis by 70.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 44,764,971 shares of the company’s stock valued at $857,064,000 after acquiring an additional 18,479,588 shares during the period. Abeille Asset Management SA bought a new position in shares of Stellantis in the fourth quarter valued at about $126,072,000. Deutsche Bank AG raised its holdings in shares of Stellantis by 23.8% in the fourth quarter. Deutsche Bank AG now owns 28,356,811 shares of the company’s stock valued at $531,973,000 after buying an additional 5,442,296 shares during the last quarter. Finally, Capital World Investors raised its holdings in shares of Stellantis by 5.8% in the first quarter. Capital World Investors now owns 84,503,092 shares of the company’s stock valued at $1,368,758,000 after buying an additional 4,658,513 shares during the last quarter. 47.97% of the stock is owned by institutional investors.
The business also recently disclosed an annual dividend, which was paid on Friday, April 29th. Shareholders of record on Wednesday, April 20th were issued a dividend of $1.04 per share. The ex-dividend date was Tuesday, April 19th. This represents a dividend yield of 7.44%.
About Stellantis (Get Rating)
Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, and production systems worldwide. It provides luxury, premium, and mainstream passenger vehicles; pickup trucks, sport utility vehicles, and commercial vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.
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