Stellantis (NYSE:STLA) Upgraded to “Buy” at Nomura

Nomura upgraded shares of Stellantis (NYSE:STLA) from a neutral rating to a buy rating in a research report released on Wednesday, MarketBeat reports.

STLA has been the subject of several other research reports. Barclays upgraded shares of Stellantis to a strong-buy rating in a research note on Monday, June 17th. Deutsche Bank Aktiengesellschaft downgraded shares of Stellantis from a buy rating to a hold rating in a research report on Monday, July 29th. Sanford C. Bernstein initiated coverage on Stellantis in a report on Friday, June 28th. They issued a market perform rating and a $23.50 price target on the stock. Finally, Morgan Stanley lifted their price objective on Stellantis from $26.00 to $30.40 and gave the stock an overweight rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $30.97.

Stellantis Trading Down 1.1 %

Stellantis stock opened at $16.14 on Wednesday. Stellantis has a one year low of $15.82 and a one year high of $29.51. The business has a fifty day moving average of $20.20 and a two-hundred day moving average of $23.27. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.95.

Institutional Trading of Stellantis

Large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its stake in Stellantis by 4.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,863 shares of the company’s stock valued at $253,000 after purchasing an additional 430 shares during the last quarter. Hexagon Capital Partners LLC grew 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 worth $387,000 after buying an additional 463 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Stellantis by 5.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,508 shares of the company’s stock valued at $298,000 after buying an additional 562 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Stellantis by 4.6% during the second quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company’s stock valued at $288,000 after buying an additional 636 shares during the period. Finally, Janiczek Wealth Management LLC boosted its position in Stellantis by 2.4% during the first quarter. Janiczek Wealth Management LLC now owns 28,441 shares of the company’s stock worth $805,000 after acquiring an additional 660 shares during the last quarter. Institutional investors and hedge funds 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.