Stevanato Group S.p.A. (NYSE:STVN) Given Average Rating of “Moderate Buy” by Analysts

Shares of Stevanato Group S.p.A. (NYSE:STVN) have been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company.

Several brokerages have commented on STVN. Morgan Stanley reissued an “equal weight” rating and issued a $23.00 price target (down from $24.00) on shares of Stevanato Group in a report on Tuesday, December 3rd. Wolfe Research initiated coverage on Stevanato Group in a research report on Friday, December 13th. They set an “outperform” rating and a $28.00 target price for the company. Finally, Bank of America raised their price target on Stevanato Group from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday, December 13th.

Institutional Investors Weigh In On Stevanato Group

A number of large investors have recently added to or reduced their stakes in STVN. Wellington Management Group LLP boosted its holdings in shares of Stevanato Group by 4.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,693,588 shares of the company’s stock worth $53,872,000 after purchasing an additional 115,050 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in Stevanato Group by 12.7% in the third quarter. Glenmede Trust Co. NA now owns 35,941 shares of the company’s stock worth $719,000 after buying an additional 4,050 shares in the last quarter. AMI Asset Management Corp bought a new position in Stevanato Group during the fourth quarter valued at approximately $1,089,000. Raymond James & Associates raised its stake in shares of Stevanato Group by 21.8% during the third quarter. Raymond James & Associates now owns 281,455 shares of the company’s stock worth $5,629,000 after acquiring an additional 50,380 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Stevanato Group by 20.3% in the 3rd quarter. Natixis Advisors LLC now owns 51,343 shares of the company’s stock worth $1,027,000 after acquiring an additional 8,669 shares during the last quarter.

Stevanato Group Stock Down 1.9 %

Shares of NYSE STVN opened at €22.06 ($22.74) on Friday. The company has a quick ratio of 1.21, a current ratio of 1.81 and a debt-to-equity ratio of 0.22. The company has a market cap of $6.68 billion, a P/E ratio of 46.94, a P/E/G ratio of 7.76 and a beta of 0.56. Stevanato Group has a 52 week low of €16.56 ($17.07) and a 52 week high of €34.35 ($35.41). The business has a 50-day simple moving average of €21.94 and a two-hundred day simple moving average of €20.53.

Stevanato Group (NYSE:STVN) last released its quarterly earnings data on Tuesday, November 5th. The company reported €0.12 ($0.12) EPS for the quarter, missing analysts’ consensus estimates of €0.13 ($0.13) by (€0.01) (($0.01)). The firm had revenue of €277.90 million during the quarter, compared to the consensus estimate of €274.36 million. Stevanato Group had a net margin of 10.47% and a return on equity of 9.86%. Stevanato Group’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 earnings per share. Research analysts anticipate that Stevanato Group will post 0.5 earnings per share for the current fiscal year.

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.