Stellantis (NYSE:STLA) earns ‘Sector Perform’ rating from Royal Bank of Canada

Stellantis (NYSE:STLA – Get Free Report)Its stock was restated by investment analysts at Royal Bank of Canada in a note issued to investors on Friday, Benzinga reports.

Other research analysts have recently issued reports on the stock. Jefferies Financial Group restated a “hold” rating and set a $16.44 target price (down from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Nomura upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Sanford C. Bernstein started coverage on shares of Stellantis in a research note on Friday, June 28th. They issued a “market perform” rating and a $23.50 target price on the stock. Nomura Securities upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Barclays cut shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $27.34.

Read our latest research report on Stellantis

Stellantis trading down 4.0%

NYSE:STLA opened at $13.08 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14, and a quick ratio of 0.85. The firm has a 50-day moving average of $15.73 and a 200-day moving average of $20.52. The company has a market cap of $40.98 billion, a PE ratio of 2.62, a PEG ratio of 0.27 and a beta of 1.62. Stellantis has a one year low of $12.98 and a one year high of $29.51.

Insider buying and selling

In related news, major shareholder NV Stellantis purchased 2,982,089 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $3.35 per share, with a total value of $9,989,998.15. Following the purchase, the insider now directly owns 59,734,962 shares of the company’s stock, valued at $200,112,122.70. The acquisition was disclosed in a filing with the SEC, which is available via this hyperlink. 0.02% of shares are currently held by insiders.

Hedge funds influence Stellantis

Institutional investors have recently made changes to their positions in the stock. Rothschild Investment LLC acquired a new stake in shares of Stellantis in the second quarter valued at $25,000. Central Pacific Bank Trust Division bought a new position in shares of Stellantis in the third quarter valued at approximately $35,000. Westend Capital Management LLC bought a new position in shares of Stellantis in the first quarter worth approximately $38,000. ORG Partners LLC bought a new stake in Stellantis in the second quarter valued at about $38,000. Finally, Ridgewood Investments LLC bought a new stake in Stellantis in the 2nd quarter valued at approximately $54,000. Institutional investors own 59.48% of the company’s shares.

About Stellantis

(Get a free report)

Stellantis NV is engaged in the design, engineering, manufacturing, distribution and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services and manufacturing systems worldwide. Offers luxury and premium vehicles; Sports utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing and rental services.

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