Stevanato Group (NYSE:STVN) Stock Price Down 5.8% – Should You Sell?

Stevanato Group S.p.A. (NYSE:STVN) was down 5.8% during trading on Thursday . The company traded as low as €18.37 ($19.14) and last traded at €18.92 ($19.71). Approximately 148,637 shares traded hands during trading, a decline of 53% from the average daily volume of 318,198 shares. The stock had previously closed at €20.09 ($20.93).

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on STVN shares. Morgan Stanley restated an “equal weight” rating and issued a $23.00 target price (down previously from $24.00) on shares of Stevanato Group in a report on Tuesday, December 3rd. Bank of America lifted their price objective on Stevanato Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Wolfe Research initiated coverage on Stevanato Group in a report on Friday, December 13th. They issued an “outperform” rating and a $28.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Stevanato Group presently has a consensus rating of “Moderate Buy” and a consensus price target of €28.60 ($29.79).

Stevanato Group Stock Down 3.2 %

The firm has a market capitalization of $5.89 billion, a PE ratio of 41.38, a PEG ratio of 7.89 and a beta of 0.56. The company has a fifty day moving average price of €21.97 and a 200-day moving average price of €20.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.21 and a current ratio of 1.81.

Institutional Trading of Stevanato Group

Hedge funds have recently modified their holdings of the company. Van Berkom & Associates Inc. bought a new position in shares of Stevanato Group during the 4th quarter valued at approximately $39,000. Wells Fargo & Company MN lifted its stake in shares of Stevanato Group by 680.3% during the 4th quarter. Wells Fargo & Company MN now owns 3,246 shares of the company’s stock worth $71,000 after purchasing an additional 2,830 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Stevanato Group during the 3rd quarter worth $84,000. PNC Financial Services Group Inc. raised its stake in Stevanato Group by 1,457.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,654 shares of the company’s stock valued at $123,000 after buying an additional 5,291 shares during the last quarter. Finally, US Bancorp DE raised its stake in Stevanato Group by 17.9% in the fourth quarter. US Bancorp DE now owns 8,527 shares of the company’s stock valued at $186,000 after buying an additional 1,295 shares during the last quarter.

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.