Stellantis stock leads the CAC 40, buoyed by its quarterly results
The multi-brand manufacturer posts the best performance on the Paris index, in a market that is nonetheless almost at a standstill. The stock reacts to quarterly results published this morning, as it was emerging from a long decline that had brought it to unprecedented lows in five years.
Third quarter results showing improvement, with North America back in the black
The Stellantis stock gains 4.94% to €3.90 in trading, well ahead of Danone (+2.53%), the second-largest gainer on the CAC 40, while the index falls 0.06%. The group published this morning third quarter results showing year-on-year improvement across all its indicators. It confirmed its 2026 targets, including positive industrial free cash flow in 2027.
The regional picture has nevertheless reversed: North America, which was in deficit a year earlier, has returned to a positive adjusted operating result, while broader Europe has swung into losses despite higher volumes. This rebound must be viewed against a decline of 21.5% over three months and 58.7% over one year, and the stock had hit a five-year low of €3.71 on October 22.
Based on earnings expected by the consensus of surveyed analysts, the stock is trading at approximately 6.6 times current fiscal year earnings.
A stock that returns to its 20-day moving average, below the 50-day average
After the low on October 22, the price has climbed back toward its 20-day MA at €3.89. The 50-day MA, at €4.21, remains 7.5% above the current price, measuring the distance to travel to regain the trend of recent weeks.
On the analyst side, Kepler Cheuvreux lowered its target on October 26 from €5.50 to €4.00, while maintaining a hold rating; this target implies a potential upside of approximately 2.7% from the current price.
In a market where the 10-year OAT at 4.94% remains close to its highest level since 2002, the CAC 40 is nonetheless moving without clear direction. The next key level is support at €3.55, below the recent low, with resistance at €4.44.
