Stevanato Group S.p.A. (NYSE:STVN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Stevanato Group S.p.A. (NYSE:STVN) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have 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 reiterated an “equal weight” rating and set a $23.00 price target (down previously from $24.00) on shares of Stevanato Group in a report on Tuesday, December 3rd. William Blair reiterated an “outperform” rating on shares of Stevanato Group in a report on Friday, March 7th. Wolfe Research initiated coverage on shares of Stevanato Group in a report on Friday, December 13th. They set an “outperform” rating and a $28.00 price target for the company. UBS Group dropped their price objective on Stevanato Group from $24.00 to $23.50 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Finally, Bank of America raised their target price on Stevanato Group from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday, December 13th.

Hedge Funds Weigh In On Stevanato Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in STVN. Van Berkom & Associates Inc. acquired a new stake in shares of Stevanato Group during the 4th quarter worth approximately $39,000. Johnson Financial Group Inc. acquired a new stake in Stevanato Group during the fourth quarter worth $41,000. Wells Fargo & Company MN increased its holdings in Stevanato Group by 680.3% in the 4th quarter. Wells Fargo & Company MN now owns 3,246 shares of the company’s stock valued at $71,000 after buying an additional 2,830 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Stevanato Group by 1,457.6% in the 4th 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 in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Stevanato Group by 202.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,413 shares of the company’s stock worth $162,000 after acquiring an additional 4,965 shares during the period.

Stevanato Group Stock Down 3.4 %

Stevanato Group stock opened at €20.26 ($21.78) on Friday. The company has a market capitalization of $6.14 billion, a P/E ratio of 43.11, a P/E/G ratio of 7.18 and a beta of 0.60. Stevanato Group has a 1-year low of €16.56 ($17.81) and a 1-year high of €32.98 ($35.46). The firm’s fifty day simple moving average is €20.95 and its 200-day simple moving average is €20.59. The company has a current ratio of 1.81, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22.

Stevanato Group (NYSE:STVN) last announced its quarterly earnings results on Thursday, March 6th. The company reported €0.20 ($0.22) earnings per share for the quarter, hitting analysts’ consensus estimates of €0.20 ($0.22). The company had revenue of €352.68 million during the quarter, compared to analysts’ expectations of €346.26 million. Stevanato Group had a return on equity of 9.86% and a net margin of 10.47%. Sell-side analysts forecast that Stevanato Group will post 0.5 earnings per share for the current fiscal year.

Stevanato Group Company Profile

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.