Stevanato Group S.p.A. (NYSE:STVN) Given Consensus Rating of “Hold” by Brokerages

Shares of Stevanato Group S.p.A. (NYSE:STVN) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company.

Several analysts have weighed in on the company. Morgan Stanley lowered their target price on Stevanato Group from $24.00 to $19.00 and set an “equal weight” rating on the stock in a report on Friday, March 6th. KeyCorp lowered their target price on Stevanato Group from $37.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Wall Street Zen lowered Stevanato Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Jefferies Financial Group set a $17.50 target price on Stevanato Group in a report on Tuesday, February 10th. Finally, Weiss Ratings lowered Stevanato Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 11th.

Institutional Trading of Stevanato Group

A number of large investors have recently made changes to their positions in STVN. Conestoga Capital Advisors LLC boosted its stake in shares of Stevanato Group by 7.6% during the first quarter. Conestoga Capital Advisors LLC now owns 8,491,751 shares of the company’s stock valued at $116,762,000 after acquiring an additional 602,050 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Stevanato Group during the fourth quarter valued at $9,269,000. Norges Bank acquired a new stake in shares of Stevanato Group during the fourth quarter valued at $8,185,000. Credit Agricole S A acquired a new stake in Stevanato Group in the 3rd quarter worth about $9,785,000. Finally, T. Rowe Price Investment Management Inc. boosted its stake in Stevanato Group by 10.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,923,632 shares of the company’s stock worth $78,944,000 after buying an additional 368,792 shares during the last quarter.

Stevanato Group Trading Up 0.2%

NYSE:STVN opened at €19.03 on Monday. The stock has a fifty day moving average price of €15.11 and a two-hundred day moving average price of €18.80. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 32.82, a PEG ratio of 1.63 and a beta of 0.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.26 and a current ratio of 1.76. Stevanato Group has a 1 year low of €12.89 and a 1 year high of €28.00.

Stevanato Group (NYSE:STVN) last released its quarterly earnings data on Saturday, February 14th. The company reported €0.18 earnings per share (EPS) for the quarter. The firm had revenue of €346.50 million during the quarter. Stevanato Group had a return on equity of 10.44% and a net margin of 11.83%. As a group, sell-side analysts anticipate that Stevanato Group will post 0.7 earnings per share for the current fiscal year.

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.