Stevanato Group (NYSE:STVN) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Stevanato Group (NYSE:STVN) from a buy rating to a hold rating in a report published on Saturday.

Several other equities research analysts also recently weighed in on STVN. Morgan Stanley initiated coverage on Stevanato Group in a report on Monday, December 1st. They issued an “equal weight” rating and a $24.00 price target on the stock. Jefferies Financial Group set a $17.50 price objective on Stevanato Group in a research report on Tuesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Stevanato Group in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Stevanato Group Stock Performance

Stevanato Group stock opened at €16.10 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.89 and a quick ratio of 1.30. Stevanato Group has a 1-year low of €13.91 and a 1-year high of €28.00. The firm has a market capitalization of $4.88 billion, a P/E ratio of 28.25, a price-to-earnings-growth ratio of 1.32 and a beta of 0.58. The company’s 50-day moving average is €19.13 and its 200 day moving average is €22.45.

Hedge Funds Weigh In On Stevanato Group

Institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new stake in Stevanato Group in the third quarter worth about $44,000. GW&K Investment Management LLC lifted its position in shares of Stevanato Group by 76.2% in the 4th quarter. GW&K Investment Management LLC now owns 2,440 shares of the company’s stock worth $49,000 after purchasing an additional 1,055 shares during the period. First Horizon Corp bought a new position in shares of Stevanato Group during the third quarter valued at approximately $50,000. State of Wyoming boosted its stake in shares of Stevanato Group by 39,216.7% during the second quarter. State of Wyoming now owns 2,359 shares of the company’s stock valued at $58,000 after purchasing an additional 2,353 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Stevanato Group during the third quarter valued at approximately $68,000.

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.