Investing.com – Recent controversies with the Italian government and the race to cut production costs have stalled Stellantis (BIT:) than from the historic highs reached in March (27.35 euros) it lost around 25% on Piazza Affari. But after the bad stop, according to analysts the car company led by CEO Carlos Tavares is ready to restart.
According to InvestingPro’s Fair Value, calculated on the basis of 9 recognized investment models and adapted to the characteristics of Stellantis, the stock (traded at 20.93 euros per share on May 13th at the end of the morning) is now undervalued by 20.7% compared to its intrinsic value set at 25.28 euros.
Analysts are even more optimistic about the stock and estimate a target price of 27.26 euros per share, with a potential increase of over 30% compared to the current value.
Among the strengths of Stellantis is that financial healthwhich according to data collected by InvestingPro presents a excellent level with a score of 4 out of 5.
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Furthermore, Stellantis offers a P/E ratio of 4.2x significantly lower than the 10.7x that other companies in the same sector present on average.
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Buy rain for Stellantis
Based on these reasons according to most analysts the stock is a buy. The data collected by InvestingPro show that there are currently 17 market experts who evaluate Stellantis with a “Buy” rating, while 7 consider it “Hold” and only 1 expresses a “Sell” opinion.
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Pro Information
Here are our recommendations on Italian stocks undervalued in May.
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