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

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

A number of research firms have recently issued reports on STVN. Wall Street Zen downgraded shares of Stevanato Group from a “buy” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group set a $17.50 target price on shares of Stevanato Group in a report on Tuesday, February 10th. Morgan Stanley initiated coverage on Stevanato Group in a research note on Monday, December 1st. They set an “equal weight” rating and a $24.00 price target on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Stevanato Group in a research report on Monday, December 29th.

Stevanato Group Price Performance

STVN stock opened at €15.98 on Wednesday. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 1.32 and a beta of 0.58. Stevanato Group has a 52-week low of €13.91 and a 52-week high of €28.00. The business has a fifty day moving average of €18.92 and a two-hundred day moving average of €22.31. The company has a quick ratio of 1.30, a current ratio of 1.89 and a debt-to-equity ratio of 0.26.

Institutional Trading of Stevanato Group

A number of institutional investors and hedge funds have recently bought and sold shares of STVN. Farther Finance Advisors LLC purchased a new position in shares of Stevanato Group in the third quarter valued at approximately $44,000. GW&K Investment Management LLC lifted its holdings in Stevanato Group by 76.2% during the 4th quarter. GW&K Investment Management LLC now owns 2,440 shares of the company’s stock worth $49,000 after buying an additional 1,055 shares in the last quarter. First Horizon Corp acquired a new stake in Stevanato Group during the 3rd quarter worth approximately $50,000. State of Wyoming boosted its position in Stevanato Group by 39,216.7% in the 2nd quarter. State of Wyoming now owns 2,359 shares of the company’s stock valued at $58,000 after buying an additional 2,353 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Stevanato Group in the third quarter worth $68,000.

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.