Stevanato Group (NYSE:STVN) Trading 1% Higher – Still a Buy?

Stevanato Group S.p.A. (NYSE:STVN)’s stock price shot up 1% during mid-day trading on Monday . The stock traded as high as €19.94 ($20.99) and last traded at €19.85 ($20.89). 79,507 shares were traded during mid-day trading, a decline of 84% from the average session volume of 510,434 shares. The stock had previously closed at €19.65 ($20.68).

Wall Street Analysts Forecast Growth

Separately, Citigroup decreased their price objective on Stevanato Group from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th.

Stevanato Group Stock Down 0.2 %

The firm has a 50-day simple moving average of €19.47 and a 200 day simple moving average of €19.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.81 and a quick ratio of 1.21.

Stevanato Group (NYSE:STVN) last announced its earnings results on Tuesday, November 5th. The company reported €0.12 ($0.13) EPS for the quarter, missing the consensus estimate of €0.13 ($0.14) by (€0.01) (($0.01)). The company had revenue of €277.90 million for the quarter, compared to analyst estimates of €274.36 million. Stevanato Group had a return on equity of 9.86% and a net margin of 10.47%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. On average, research analysts anticipate that Stevanato Group S.p.A. will post 0.5 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Pier Capital LLC raised its holdings in shares of Stevanato Group by 44.5% in the 3rd quarter. Pier Capital LLC now owns 370,997 shares of the company’s stock worth $7,420,000 after acquiring an additional 114,210 shares during the last quarter. Kensington Investment Counsel LLC purchased a new stake in shares of Stevanato Group in the third quarter valued at about $1,308,000. Wellington Management Group LLP boosted its stake 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 buying an additional 115,050 shares during the last quarter. Bamco Inc. NY lifted its holdings in Stevanato Group by 1.3% during the third quarter. Bamco Inc. NY now owns 1,685,181 shares of the company’s stock worth $33,704,000 after acquiring an additional 21,469 shares during the period. Finally, Fred Alger Management LLC grew its stake in Stevanato Group by 24.2% in the 3rd quarter. Fred Alger Management LLC now owns 1,070,557 shares of the company’s stock valued at $21,411,000 after purchasing an additional 208,830 shares during the period.

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.