Stevanato Group (NYSE:STVN) Sees Large Volume Increase – Should You Buy?

Shares of Stevanato Group S.p.A. (NYSE:STVN) saw unusually-strong trading volume on Tuesday . Approximately 1,227,900 shares changed hands during trading, an increase of 69% from the previous session’s volume of 725,119 shares.The stock last traded at €15.55 and had previously closed at €15.58.

Wall Street Analyst Weigh In

A number of research firms have recently commented on STVN. Wall Street Zen raised shares of Stevanato Group from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Morgan Stanley initiated coverage on Stevanato Group in a research report on Monday, December 1st. They set an “equal weight” rating and a $24.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Stevanato Group in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Stevanato Group Price Performance

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 stock’s 50-day moving average price is €20.48 and its 200-day moving average price is €23.07. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 1.28 and a beta of 0.58.

Institutional Investors Weigh In On Stevanato Group

Several institutional investors have recently modified their holdings of STVN. First Horizon Advisors Inc. grew its holdings in Stevanato Group by 14.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,833 shares of the company’s stock worth $94,000 after acquiring an additional 497 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Stevanato Group by 7.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,893 shares of the company’s stock valued at $242,000 after buying an additional 711 shares in the last quarter. First Bank & Trust lifted its holdings in 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 acquiring an additional 904 shares in the last quarter. Pathstone Holdings LLC grew its stake in Stevanato Group by 1.5% in the third quarter. Pathstone Holdings LLC now owns 71,178 shares of the company’s stock valued at $1,833,000 after acquiring an additional 1,067 shares during the period. Finally, Van Berkom & Associates Inc. raised its position in shares of Stevanato Group by 50.6% during the third quarter. Van Berkom & Associates Inc. now owns 3,615 shares of the company’s stock worth $93,000 after purchasing an additional 1,215 shares during the period.

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.