Stevanato Group S.p.A. (NYSE:STVN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Stevanato Group S.p.A. (NYSE:STVN) have been given an average recommendation of “Moderate Buy” by the five brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company.

A number of research analysts recently commented on the stock. Wall Street Zen upgraded shares of Stevanato Group from a “hold” rating to a “buy” rating in a research note on Friday. Morgan Stanley initiated coverage on Stevanato Group in a research report on Monday, December 1st. They issued an “equal weight” rating and a $24.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Stevanato Group in a research note on Monday, December 29th.

Hedge Funds Weigh In On Stevanato Group

A number of hedge funds have recently made changes to their positions in the stock. Cooper Investors PTY Ltd. lifted its stake in shares of Stevanato Group by 251.7% during the 3rd quarter. Cooper Investors PTY Ltd. now owns 590,308 shares of the company’s stock valued at $15,200,000 after buying an additional 422,478 shares in the last quarter. Pembroke Management LTD raised its holdings in Stevanato Group by 11.9% during the 3rd quarter. Pembroke Management LTD now owns 1,283,216 shares of the company’s stock valued at $33,043,000 after acquiring an additional 136,710 shares during the period. Bar Harbor Wealth Management bought a new stake in Stevanato Group during the 2nd quarter valued at $9,081,000. Mutual of America Capital Management LLC lifted its position in shares of Stevanato Group by 6.5% during the second quarter. Mutual of America Capital Management LLC now owns 707,123 shares of the company’s stock worth $17,275,000 after acquiring an additional 43,389 shares in the last quarter. Finally, Ranger Investment Management L.P. boosted its holdings in shares of Stevanato Group by 125.6% in the second quarter. Ranger Investment Management L.P. now owns 1,321,030 shares of the company’s stock worth $32,273,000 after acquiring an additional 735,417 shares during the period.

Stevanato Group Price Performance

Stevanato Group stock opened at €17.22 on Friday. The business’s 50-day simple moving average is €21.14 and its 200 day simple moving average is €23.49. The company has a quick ratio of 1.30, a current ratio of 1.89 and a debt-to-equity ratio of 0.26. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 30.21, a P/E/G ratio of 1.58 and a beta of 0.58. Stevanato Group has a 12-month low of €16.30 and a 12-month high of €28.00.

Stevanato Group Company Profile

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.