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Stellantis (STLA) Gets a Hold from Bernstein

Tipranks - Fri Jul 31, 7:34AM CDT

Bernstein analyst Stephen Reitman maintained a Hold rating on Stellantis today and set a price target of €6.20.

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Reitman covers the Consumer Cyclical sector, focusing on stocks such as Ferrari, Bayerische Motoren Werke Aktiengesellschaft, and Stellantis. According to TipRanks, Reitman has an average return of 1.0% and a 38.46% success rate on recommended stocks.

In addition to Bernstein, Stellantis also received a Hold from RBC Capital’s Tom Narayan in a report issued today. However, on July 27, Piper Sandler downgraded Stellantis (NYSE: STLA) to a Sell.

Based on Stellantis’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €79.25 billion and a GAAP net loss of €20.08 billion. In comparison, last year the company earned a revenue of €71.86 billion and had a GAAP net loss of €151 million

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of STLA in relation to earlier this year.

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