Stellantis (NASDAQ:STLA) Receives $20.90 Average Target Price from Analysts

Shares of Stellantis (NASDAQ:STLAGet Rating) have earned a consensus recommendation of “Buy” from the twelve brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $20.90.

Several research firms have recently weighed in on STLA. Sanford C. Bernstein began coverage on shares of Stellantis in a research note on Tuesday, May 17th. They set a “market perform” rating for the company. JPMorgan Chase & Co. reduced their price objective on shares of Stellantis from €27.00 ($28.72) to €21.00 ($22.34) and set an “overweight” rating for the company in a research note on Thursday, February 24th. Zacks Investment Research raised shares of Stellantis from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Tuesday, May 17th. Berenberg Bank assumed coverage on shares of Stellantis in a research note on Tuesday, May 10th. They issued a “buy” rating for the company. Finally, Bank of America downgraded shares of Stellantis from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 26th.

A number of hedge funds have recently added to or reduced their stakes in the business. Walleye Capital LLC acquired a new stake in Stellantis in the 1st quarter valued at about $1,538,000. WealthTrust Asset Management LLC acquired a new stake in Stellantis in the 1st quarter valued at about $951,000. Kestra Private Wealth Services LLC raised its holdings in Stellantis by 15.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 23,257 shares of the company’s stock valued at $378,000 after acquiring an additional 3,145 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in Stellantis by 26.0% in the 1st quarter. Neuberger Berman Group LLC now owns 3,229,440 shares of the company’s stock valued at $53,180,000 after acquiring an additional 666,435 shares during the last quarter. Finally, Toroso Investments LLC grew its stake in shares of Stellantis by 10.1% in the 1st quarter. Toroso Investments LLC now owns 61,522 shares of the company’s stock valued at $1,001,000 after buying an additional 5,653 shares during the period. Institutional investors own 47.97% of the company’s stock.

Shares of NASDAQ:STLA opened at $14.80 on Wednesday. Stellantis has a 1 year low of $13.06 and a 1 year high of $21.99. The business has a 50 day simple moving average of $14.71 and a two-hundred day simple moving average of $17.35. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.98 and a current ratio of 1.15.

The firm also recently disclosed an annual dividend, which was paid on Friday, April 29th. Shareholders of record on Wednesday, April 20th were issued a $1.04 dividend. The ex-dividend date of this dividend was Tuesday, April 19th. This represents a 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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Analyst Recommendations for Stellantis (NASDAQ:STLA)

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