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

Stevanato Group S.p.A. (NYSE:STVN) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

A number of research analysts have recently issued reports on STVN shares. William Blair reiterated an “outperform” rating on shares of Stevanato Group in a research note on Friday, March 7th. Wolfe Research assumed coverage on Stevanato Group in a research report on Friday, December 13th. They issued an “outperform” rating and a $28.00 price objective for the company. Bank of America increased their target price on Stevanato Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, December 13th. UBS Group cut their price target on Stevanato Group from $24.00 to $23.50 and set a “neutral” rating for the company in a report on Friday, March 7th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $23.00 price objective (down previously from $24.00) on shares of Stevanato Group in a report on Tuesday, December 3rd.

Institutional Trading of Stevanato Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC boosted its stake in shares of Stevanato Group by 114.6% in the 4th quarter. TimesSquare Capital Management LLC now owns 3,288,529 shares of the company’s stock valued at $71,657,000 after purchasing an additional 1,756,100 shares during the last quarter. Jennison Associates LLC bought a new position in Stevanato Group in the fourth quarter valued at approximately $20,239,000. Frontier Capital Management Co. LLC raised its position in shares of Stevanato Group by 1,012.0% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,003,235 shares of the company’s stock valued at $21,860,000 after acquiring an additional 913,019 shares during the last quarter. Mutual of America Capital Management LLC acquired a new position in shares of Stevanato Group in the 4th quarter valued at $13,848,000. Finally, Ranger Investment Management L.P. bought a new position in shares of Stevanato Group in the 4th quarter worth $12,940,000.

Stevanato Group Stock Performance

Shares of NYSE:STVN opened at €20.26 ($21.78) on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.81 and a quick ratio of 1.21. The business’s fifty day moving average price is €20.95 and its two-hundred day moving average price is €20.59. Stevanato Group has a fifty-two week low of €16.56 ($17.81) and a fifty-two week high of €32.98 ($35.46). The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 43.11, a price-to-earnings-growth ratio of 7.18 and a beta of 0.60.

Stevanato Group (NYSE:STVN) last posted its earnings results on Thursday, March 6th. The company reported €0.20 ($0.22) earnings per share for the quarter, hitting the consensus estimate of €0.20 ($0.22). Stevanato Group had a net margin of 10.47% and a return on equity of 9.86%. The business had revenue of €352.68 million for the quarter, compared to analyst estimates of €346.26 million. As a group, analysts predict that Stevanato Group will post 0.5 EPS for the current fiscal year.

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.