Stevanato Group (NYSE:STVN) Reaches New 1-Year Low – What’s Next?

Shares of Stevanato Group S.p.A. (NYSE:STVN) hit a new 52-week low during trading on Thursday . The company traded as low as €13.82 and last traded at €13.88, with a volume of 174568 shares. The stock had previously closed at €14.18.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on STVN shares. Citigroup lowered their target price on Stevanato Group from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. KeyCorp cut their price target on Stevanato Group from $37.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Wall Street Zen lowered Stevanato Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Morgan Stanley dropped their price objective on Stevanato Group from $24.00 to $19.00 and set an “equal weight” rating on the stock in a report on Friday, March 6th. Finally, Jefferies Financial Group set a $17.50 target price on Stevanato Group in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Stevanato Group Price Performance

The company has a market cap of $4.13 billion, a P/E ratio of 23.54, a P/E/G ratio of 1.28 and a beta of 0.57. The company’s 50-day moving average price is €16.06 and its two-hundred day moving average price is €20.94. The company has a current ratio of 1.76, a quick ratio of 1.26 and a debt-to-equity ratio of 0.23.

Institutional Trading of Stevanato Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in Stevanato Group by 7.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,893 shares of the company’s stock worth $242,000 after buying an additional 711 shares during the last quarter. First Bank & Trust increased its holdings in shares of Stevanato Group by 5.6% in the 4th quarter. First Bank & Trust now owns 17,109 shares of the company’s stock valued at $344,000 after acquiring an additional 904 shares during the last quarter. GW&K Investment Management LLC raised its position in shares of Stevanato Group by 76.2% during the 4th quarter. GW&K Investment Management LLC now owns 2,440 shares of the company’s stock valued at $49,000 after acquiring an additional 1,055 shares in the last quarter. Pathstone Holdings LLC lifted its stake in Stevanato Group by 1.5% during the third quarter. Pathstone Holdings LLC now owns 71,178 shares of the company’s stock worth $1,833,000 after purchasing an additional 1,067 shares during the last quarter. Finally, Van Berkom & Associates Inc. lifted its stake in Stevanato Group by 50.6% during the third quarter. Van Berkom & Associates Inc. now owns 3,615 shares of the company’s stock worth $93,000 after purchasing an additional 1,215 shares during the last quarter.

About Stevanato Group

Stevanato Group is a global provider of primary packaging solutions and related services for the pharmaceutical and biotech industries. The company specializes in the design, development and manufacturing of glass drug containers such as vials, cartridges and pre-fillable syringes, as well as advanced inspection systems and assembly equipment. Its integrated offerings cover the entire packaging supply chain, from component production to bespoke filling lines and serialization technology.

In addition to its core glass business, Stevanato Group delivers engineering services and process validation support to pharmaceutical customers.