Stevanato Group’s (STVN) “Overweight” Rating Reaffirmed at Stephens

Stephens reaffirmed their overweight rating on shares of Stevanato Group (NYSE:STVN) in a research report report published on Monday morning, Benzinga reports. They currently have a $38.00 price target on the stock.

Stevanato Group Stock Up 0.3 %

Stevanato Group stock opened at €31.87 ($34.64) on Monday. Stevanato Group has a 1 year low of €22.49 ($24.45) and a 1 year high of €36.30 ($39.46). The business has a 50-day moving average of €31.20 and a 200-day moving average of €29.46. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.06 and a current ratio of 1.50.

Stevanato Group (NYSE:STVN) last issued its quarterly earnings data on Thursday, March 7th. The company reported €0.18 ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of €0.19 ($0.21) by (€0.01) (($0.01)). Stevanato Group had a net margin of 13.43% and a return on equity of 14.31%. The business had revenue of €320.60 million during the quarter, compared to analyst estimates of €326.85 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. Stevanato Group’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, sell-side analysts expect that Stevanato Group will post 0.68 EPS for the current year.

Hedge Funds Weigh In On Stevanato Group

Several institutional investors and hedge funds have recently modified their holdings of STVN. UBS Group AG boosted its position in Stevanato Group by 834.5% during the 1st quarter. UBS Group AG now owns 1,056 shares of the company’s stock worth $27,000 after acquiring an additional 943 shares during the last quarter. SRS Capital Advisors Inc. boosted its position in Stevanato Group by 327.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,593 shares of the company’s stock worth $43,000 after acquiring an additional 1,220 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in Stevanato Group during the 3rd quarter worth approximately $60,000. Fifth Third Bancorp boosted its position in Stevanato Group by 70.1% during the 3rd quarter. Fifth Third Bancorp now owns 2,473 shares of the company’s stock worth $73,000 after acquiring an additional 1,019 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Stevanato Group during the 3rd quarter worth approximately $115,000.

About Stevanato Group

Stevanato Group S.p.A. engages in the design, production, and distribution of products and processes to provide integrated solutions for bio-pharma and healthcare industries in Europe, the Middle East, Africa, North America, South America, and the Asia Pacific. The company operates in two segments, Biopharmaceutical and Diagnostic Solutions; and Engineering.