Stevanato Group (NYSE:STVN) Lowered to “Hold” Rating by Wall Street Zen

Stevanato Group (NYSE:STVN) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other research analysts have also weighed in on STVN. Jefferies Financial Group set a $17.50 price objective on shares of Stevanato Group in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stevanato Group in a research report on Monday, December 29th. Finally, Morgan Stanley began coverage on shares of 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. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Stevanato Group has a consensus rating of “Moderate Buy”.

Stevanato Group Stock Performance

Stevanato Group stock opened at €16.10 on Friday. The stock has a fifty day moving average price of €19.13 and a 200 day moving average price of €22.47. Stevanato Group has a 52 week low of €13.91 and a 52 week high of €28.00. The firm has a market capitalization of $4.88 billion, a P/E ratio of 28.25, a PEG ratio of 1.28 and a beta of 0.58. The company has a current ratio of 1.89, a quick ratio of 1.30 and a debt-to-equity ratio of 0.26.

Institutional Investors Weigh In On Stevanato Group

Several institutional investors have recently bought and sold shares of the business. Pembroke Management LTD boosted its holdings in Stevanato Group by 11.9% in the 3rd quarter. Pembroke Management LTD now owns 1,283,216 shares of the company’s stock worth $33,043,000 after acquiring an additional 136,710 shares during the period. Cooper Investors PTY Ltd. lifted its position in shares of Stevanato Group by 251.7% during the third quarter. Cooper Investors PTY Ltd. now owns 590,308 shares of the company’s stock worth $15,200,000 after purchasing an additional 422,478 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Stevanato Group by 7.1% in the third quarter. Thrivent Financial for Lutherans now owns 2,372,390 shares of the company’s stock valued at $61,089,000 after purchasing an additional 156,733 shares during the period. Mutual of America Capital Management LLC grew its holdings in Stevanato Group by 6.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 707,123 shares of the company’s stock valued at $17,275,000 after purchasing an additional 43,389 shares in the last quarter. Finally, Ranger Investment Management L.P. increased its stake 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 buying an additional 735,417 shares during the period.

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.