Stellantis (NASDAQ:STLA) Receives a Consensus “Buy” Rating from Brokers

0

Stellantis (NASDAQ:STLA) shares received a consensus “Buy” recommendation from the twelve research firms that currently cover the company, MarketBeat.com reports. One research analyst rated the stock with a hold recommendation and eleven gave the company a buy recommendation. The 12-month average target price among brokerages that have updated their coverage on the stock over the past year is $22.75.

A number of research companies have recently published reports on STLA. Royal Bank of Canada began covering Stellantis in a research report on Wednesday, January 5. They attached an “industry performance” rating to the stock. Zacks Investment Research moved shares of Stellantis from a “hold” rating to a “buy” rating and set a price target of $22.00 for the stock in a Thursday, Jan. 6, report. Citigroup launched a hedge on Stellantis shares in a report on Monday, November 29. They set a “buy” rating and a price target of $22.00 for the company. Finally, UBS Group reissued a “buy” rating on Stellantis shares in a Thursday, October 21 research note.

Shares of STLA opened at $21.45 on Thursday. The stock’s 50-day moving average price is $19.40 and its 200-day moving average price is $19.66. The company has a quick ratio of 0.92, a current ratio of 1.12 and a leverage ratio of 0.53. The company has a market capitalization of $43.42 billion, a price/earnings ratio of 143.01, a P/E/G ratio of 0.14 and a beta of 1.70. Stellantis has a 12-month low of $14.88 and a 12-month high of $21.99.

Institutional investors have recently changed their positions in the stock. Strategic Blueprint LLC acquired a new position in Stellantis in the second quarter worth approximately $27,000. Creative Financial Designs Inc. ADV increased its equity stake in Stellantis by 39.0% in Q3. Creative Financial Designs Inc. ADV now owns 2,085 shares of the company worth $40,000 after acquiring an additional 585 shares in the last quarter. Koshinski Asset Management Inc. acquired a new stake in Stellantis during Q3 worth approximately $47,000. Thomas White International Ltd. increased its stake in Stellantis by 29.0% during the 2nd quarter. Thomas White International Ltd. now owns 5,389 shares of the company valued at $106,000 after purchasing an additional 1,213 shares last quarter. Finally, James Investment Research Inc. increased its position in Stellantis by 460.7% in the 3rd quarter. James Investment Research Inc. now owns 8,416 shares of the company valued at $161,000 after purchasing an additional 6,915 shares in the last quarter. Institutional investors and hedge funds hold 52.44% of the company’s shares.

(A d)

Other investors will focus on the biggest players in the industry – like Intel, Samsung or Qualcomm… But did you know…. There are potentially bigger opportunities with these four companies flying “under the radar”.

About Stellantis

Stellantis NV is an automotive company engaged in manufacturing automobiles and providing mobility solutions. It designs, designs, manufactures, distributes and sells vehicles under the brands Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Moper, Opel, Peugeot, Leasys, Free2move, Vauxhall and Ram.

Feature article: Cyclical stocks – What you need to know

Analyst Recommendations for Stellantis (NASDAQ: STLA)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Stellantis right now?

Before you consider Stellantis, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Stellantis wasn’t on the list.

Although Stellantis currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Share.

Comments are closed.