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

Shares of Stevanato Group S.p.A. (NYSE:STVN) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

STVN has been the subject of several research reports. Citigroup reduced their price objective on Stevanato Group from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. KeyCorp cut their target price on Stevanato Group from $37.00 to $32.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. Weiss Ratings downgraded Stevanato Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Wall Street Zen lowered Stevanato Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Morgan Stanley dropped their price target on Stevanato Group from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Friday, March 6th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Ranger Investment Management L.P. grew its position in Stevanato Group by 125.6% during the 2nd quarter. Ranger Investment Management L.P. now owns 1,321,030 shares of the company’s stock worth $32,273,000 after purchasing an additional 735,417 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in Stevanato Group during the 2nd quarter valued at $13,729,000. Champlain Investment Partners LLC lifted its holdings in shares of Stevanato Group by 68.7% in the second quarter. Champlain Investment Partners LLC now owns 1,300,799 shares of the company’s stock valued at $31,779,000 after purchasing an additional 529,950 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Stevanato Group in the fourth quarter valued at $9,269,000. Finally, Artisan Partners Limited Partnership boosted its position in shares of Stevanato Group by 20.0% in the second quarter. Artisan Partners Limited Partnership now owns 2,733,782 shares of the company’s stock worth $66,786,000 after buying an additional 455,323 shares during the period.

Stevanato Group Trading Up 2.7%

Shares of NYSE:STVN opened at €15.03 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.26 and a current ratio of 1.76. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 1.34 and a beta of 0.57. Stevanato Group has a 1-year low of €13.91 and a 1-year high of €28.00. The company has a 50 day moving average price of €17.06 and a 200 day moving average price of €21.40.

About Stevanato Group

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.