financetom
Personal Finance
financetom
/
Personal Finance
/
Research Alert: CFRA Lowers Opinion On Shares Of Stellantis N.v. To Hold From Buy
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Research Alert: CFRA Lowers Opinion On Shares Of Stellantis N.v. To Hold From Buy
Mar 22, 2024 6:14 AM

08:30 AM EDT, 03/22/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target by $2 to $30, based on a '25 P/E of 4.7x, a justified premium to its historical average forward P/E of 4.3x. Our estimates are unchanged. We lower our opinion to Hold on valuation after a big run-up for the shares over the past several weeks, which are now up 25% YTD versus a 10% gain for the S&P 500. Going back to last fall, we think the stock has benefited first from resolution of the UAW strike, and more recently from positive momentum following much better-than-expected earnings. We have growing concerns about more difficult comps ahead and the impact of a higher-for-longer interest rate environment on sales, particularly in its key markets of North America and Europe (46% and 35% of total revenue, respectively, in 2023). In North America, higher costs from the new UAW deal should weigh on margins, and in Europe, we think sales volumes are likely to be sluggish following a strong rebound in 2023 (see recent guidance from Volkswagen).

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Research Alert: CFRA Maintains Hold Opinion On Shares Of Patterson Companies, Inc.
Research Alert: CFRA Maintains Hold Opinion On Shares Of Patterson Companies, Inc.
Jun 18, 2024
12:20 PM EDT, 06/18/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month price target price by $2 to $27, 11.3x our FY 2025 adjusted EPS estimate (down by $0.10 to $2.39), a discount to peers and below PDCO's...
Citi Diamond Preferred Card benefits guide
Citi Diamond Preferred Card benefits guide
Jun 14, 2024
Key takeaways The Citi(R) Diamond Preferred(R) Card comes with an exceptionally long intro APR offer on balance transfers, making it one of the best balance transfer cards on the market. This card also includes an intro APR offer on purchases, which can be useful if you have a large purchase coming up. Other notable card benefits include no annual...
Research Alert: CFRA Maintains Buy Opinion On Shares Of Qualcomm Incorporated
Research Alert: CFRA Maintains Buy Opinion On Shares Of Qualcomm Incorporated
Jun 18, 2024
02:35 PM EDT, 06/18/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We boost our 12-month target to $260 from $200 on a revised P/E of 22.2x our CY 25 EPS view of $11.68, within peers but above historical. We raise our...
Research Alert: CFRA Maintains Sell Opinion On Shares Of Virgin Galactic Holdings, Inc.
Research Alert: CFRA Maintains Sell Opinion On Shares Of Virgin Galactic Holdings, Inc.
Jun 17, 2024
03:25 PM EDT, 06/17/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our 12-month target price by $9.50 to $10 to reflect a 1-for-20 reverse stock split. We move our 2024 loss per share (LPS) estimate to -$18.60 from a...
Copyright 2023-2025 - www.financetom.com All Rights Reserved