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

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

Several research firms have recently commented on STVN. Wall Street Zen raised Stevanato Group from a “hold” rating to a “buy” rating in a research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Stevanato Group in a research note on Monday, December 29th. Finally, Morgan Stanley started coverage on shares of Stevanato Group in a research report on Monday, December 1st. They set an “equal weight” rating and a $24.00 price target for the company.

Institutional Investors Weigh In On Stevanato Group

Several institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in Stevanato Group by 391.4% in the fourth quarter. Farther Finance Advisors LLC now owns 8,324 shares of the company’s stock worth $167,000 after purchasing an additional 6,630 shares during the last quarter. Cooper Investors PTY Ltd. boosted its position in shares of Stevanato Group by 17.8% in the 4th quarter. Cooper Investors PTY Ltd. now owns 695,245 shares of the company’s stock worth $13,988,000 after purchasing an additional 104,937 shares in the last quarter. First Bank & Trust boosted its position in shares of Stevanato Group by 5.6% in the 4th quarter. First Bank & Trust now owns 17,109 shares of the company’s stock worth $344,000 after purchasing an additional 904 shares in the last quarter. SG Americas Securities LLC grew its stake in Stevanato Group by 90.8% during the 4th 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 during the last quarter. Finally, Diversified Trust Co. grew its stake in Stevanato Group by 12.5% during the 4th quarter. Diversified Trust Co. now owns 16,200 shares of the company’s stock worth $326,000 after buying an additional 1,800 shares during the last quarter.

Stevanato Group Stock Performance

Shares of NYSE:STVN opened at €17.20 on Friday. The firm has a 50 day moving average of €21.06 and a 200 day moving average of €23.41. 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 company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 1.42 and a beta of 0.58. Stevanato Group has a 52 week low of €16.30 and a 52 week 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.