Stellantis (NYSE:STLA) Sets New 1-Year Low at $15.28

Stellantis (NYSE:STLA) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $15.28 and last traded at $15.33, with a volume of 769037 shares. The stock had previously closed at $15.52.

Wall Street Analyst Weigh In

Several brokerages have recently commented on STLA. Nomura Securities upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lowered shares of Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 31st. Jefferies Financial Group reiterated a “hold” rating and set a $16.44 price target (down previously from $27.30) on shares of Stellantis in a research report on Wednesday. Finally, Barclays raised shares of Stellantis to a “strong-buy” rating in a report on Monday, June 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $27.34.

Stellantis Stock Down 1.1 %

The firm has a market capitalization of $48.09 billion, a PE ratio of 3.06, a price-to-earnings-growth ratio of 0.24 and a beta of 1.63. The company has a quick ratio of 0.95, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $19.67 and a 200-day moving average price of $23.10.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in STLA. Rothschild Investment LLC purchased a new position in Stellantis during the second quarter worth about $25,000. Westend Capital Management LLC purchased a new position in shares of Stellantis during the 1st quarter worth approximately $38,000. ORG Partners LLC acquired a new stake in Stellantis in the 2nd quarter valued at approximately $38,000. Cape Investment Advisory Inc. raised its position in Stellantis by 424.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company’s stock valued at $50,000 after purchasing an additional 1,736 shares during the period. Finally, Scarborough Advisors LLC acquired a new position in Stellantis during the fourth quarter worth $59,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

About Stellantis

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.