Stellantis (NYSE:STLA) Sets New 12-Month Low – What’s Next?

Stellantis (NYSE:STLA) reached a new 52-week low on Monday . The company traded as low as $12.29 and last traded at $12.29, with a volume of 1935590 shares. The stock had previously closed at $13.20.

Analysts Set New Price Targets

A number of brokerages have recently commented on STLA. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Jefferies Financial Group reiterated a “hold” rating and issued a $16.44 target price (down from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Evercore ISI began coverage on Stellantis in a research note on Monday, November 11th. They set an “inline” rating on the stock. Barclays lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. One 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 issued a strong buy rating to the stock. According to data from MarketBeat, Stellantis presently has an average rating of “Hold” and an average price target of $27.34.

Stellantis Trading Up 1.1 %

The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The firm’s fifty day moving average is $13.48 and its 200-day moving average is $16.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rothschild Investment LLC bought a new stake in Stellantis in the second quarter worth approximately $25,000. Waldron Private Wealth LLC bought a new stake in shares of Stellantis in the 3rd quarter valued at $33,000. Central Pacific Bank Trust Division acquired a new position in shares of Stellantis during the 3rd quarter valued at $35,000. ORG Partners LLC acquired a new position in shares of Stellantis during the 2nd quarter valued at $38,000. Finally, Cromwell Holdings LLC boosted its stake in Stellantis by 52.9% during the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock worth $42,000 after acquiring an additional 1,036 shares in the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

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.