Stevanato Group (NYSE:STVN) Stock Rating Upgraded by Wall Street Zen

Stevanato Group (NYSE:STVN) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Friday.

Several other analysts have also recently weighed in on the company. Morgan Stanley started coverage on Stevanato Group in a report on Monday, December 1st. They set an “equal weight” rating and a $24.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Stevanato Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Stevanato Group Price Performance

Shares of NYSE:STVN opened at €17.22 on Friday. The business’s 50 day moving average is €21.14 and its 200-day moving average is €23.49. The company has a current ratio of 1.89, a quick ratio of 1.30 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.21 billion, a PE ratio of 30.21, a PEG ratio of 1.58 and a beta of 0.58. Stevanato Group has a 1-year low of €16.30 and a 1-year high of €28.00.

Institutional Investors Weigh In On Stevanato Group

A number of hedge funds have recently made changes to their positions in STVN. Farther Finance Advisors LLC grew its holdings in shares of Stevanato Group by 391.4% during the 4th quarter. Farther Finance Advisors LLC now owns 8,324 shares of the company’s stock valued at $167,000 after purchasing an additional 6,630 shares during the last quarter. Cooper Investors PTY Ltd. boosted its position in Stevanato Group by 17.8% in the fourth quarter. Cooper Investors PTY Ltd. now owns 695,245 shares of the company’s stock valued at $13,988,000 after buying an additional 104,937 shares in the last quarter. First Bank & Trust grew its stake in shares of Stevanato Group by 5.6% during the fourth quarter. First Bank & Trust now owns 17,109 shares of the company’s stock worth $344,000 after buying an additional 904 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Stevanato Group by 90.8% during the fourth quarter. SG Americas Securities LLC now owns 24,325 shares of the company’s stock worth $489,000 after buying an additional 11,574 shares in the last quarter. Finally, Diversified Trust Co. increased its holdings in shares of Stevanato Group by 12.5% during the fourth quarter. Diversified Trust Co. now owns 16,200 shares of the company’s stock worth $326,000 after buying an additional 1,800 shares in the last quarter.

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.