Stellantis (NASDAQ:STLA) Price Target Raised to €21.00 at Royal Bank of Canada

Stellantis (NASDAQ:STLAGet Rating) had its price objective upped by Royal Bank of Canada from €19.00 ($19.59) to €21.00 ($21.65) in a report published on Tuesday, The Fly reports. The brokerage currently has a sector perform rating on the stock.

Other analysts have also issued reports about the company. Sanford C. Bernstein initiated coverage on Stellantis in a report on Tuesday, May 17th. They set a market perform rating for the company. Berenberg Bank initiated coverage on Stellantis in a report on Tuesday, May 10th. They set a buy rating for the company. Exane BNP Paribas lowered Stellantis from an outperform rating to a neutral rating in a report on Wednesday, June 29th. Bank of America lowered Stellantis from a buy rating to a neutral rating in a report on Tuesday, April 26th. Finally, Morgan Stanley decreased their price objective on Stellantis from €20.00 ($20.62) to €18.50 ($19.07) and set an overweight rating for the company in a report on Monday, May 9th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $21.50.

Stellantis Price Performance

STLA stock opened at $14.55 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 0.40. The stock’s 50 day simple moving average is $13.36 and its 200 day simple moving average is $15.36. Stellantis has a fifty-two week low of $11.37 and a fifty-two week high of $21.99.

Hedge Funds Weigh In On Stellantis

Institutional investors have recently bought and sold shares of the company. San Luis Wealth Advisors LLC purchased a new position in Stellantis in the first quarter valued at approximately $28,000. UMB Bank N A MO purchased a new position in Stellantis in the fourth quarter valued at approximately $33,000. CWM LLC lifted its stake in Stellantis by 129.8% in the first quarter. CWM LLC now owns 2,859 shares of the company’s stock valued at $47,000 after purchasing an additional 1,615 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in Stellantis by 1,656.4% in the second quarter. Rosenberg Matthew Hamilton now owns 4,268 shares of the company’s stock valued at $53,000 after purchasing an additional 4,025 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Stellantis by 1,165.7% in the second quarter. EverSource Wealth Advisors LLC now owns 7,240 shares of the company’s stock valued at $89,000 after purchasing an additional 6,668 shares during the last quarter. Hedge funds and other institutional investors own 47.97% of the company’s stock.

Stellantis Company Profile

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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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