Berenberg Bank Begins Coverage on Stellantis (NASDAQ:STLA)

Berenberg Bank began coverage on shares of Stellantis (NASDAQ:STLAGet Rating) in a research report released on Tuesday morning, The Fly reports. The brokerage issued a buy rating on the stock.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. cut their price objective on Stellantis from €27.00 ($28.42) to €21.00 ($22.11) and set an overweight rating for the company in a research report on Thursday, February 24th. Zacks Investment Research cut Stellantis from a hold rating to a sell rating in a research report on Wednesday, April 27th. Bank of America cut Stellantis from a buy rating to a neutral rating in a research report on Tuesday, April 26th. DZ Bank raised Stellantis from a hold rating to a buy rating in a report on Friday, May 6th. Finally, Societe Generale lifted their price target on Stellantis from €23.00 ($24.21) to €28.00 ($29.47) and gave the stock a buy rating in a report on Friday, February 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Stellantis currently has a consensus rating of Buy and an average target price of $22.10.

STLA opened at $14.37 on Tuesday. Stellantis has a 12-month low of $13.06 and a 12-month high of $21.99. The business has a 50 day moving average of $14.95 and a 200-day moving average of $17.76. 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 business also recently disclosed an annual dividend, which was paid on Friday, April 29th. Shareholders of record on Wednesday, April 20th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Tuesday, April 19th. This represents a yield of 7.44%.

A number of institutional investors have recently bought and sold shares of STLA. San Luis Wealth Advisors LLC bought a new position in Stellantis during the 1st quarter worth $28,000. UMB Bank N A MO bought a new position in shares of Stellantis in the 4th quarter valued at $33,000. CWM LLC increased its stake in shares of Stellantis by 129.8% in the 1st 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. Allworth Financial LP increased its stake in shares of Stellantis by 3,112.0% in the 4th quarter. Allworth Financial LP now owns 3,212 shares of the company’s stock valued at $60,000 after purchasing an additional 3,112 shares during the last quarter. Finally, Addison Advisors LLC bought a new position in shares of Stellantis in the 4th quarter valued at $104,000. Hedge funds and other institutional investors own 47.97% of the company’s stock.

Stellantis Company Profile (Get Rating)

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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