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

Stevanato Group S.p.A. (NYSE:STVN) has earned an average rating of “Buy” from the six analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company.

STVN has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Stevanato Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. TD Cowen upgraded shares of Stevanato Group to a “strong-buy” rating in a research note on Wednesday, June 17th. Finally, Wolfe Research began coverage on shares of Stevanato Group in a research report on Tuesday, June 2nd. They issued an “outperform” rating and a $21.00 price target for the company.

Stevanato Group Stock Performance

Shares of STVN opened at €19.71 on Friday. The stock has a 50 day moving average price of €18.38 and a 200 day moving average price of €17.04. The company has a quick ratio of 1.11, a current ratio of 1.63 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 33.41, a price-to-earnings-growth ratio of 1.79 and a beta of 0.78. Stevanato Group has a 52-week low of €12.89 and a 52-week high of €28.00.

Stevanato Group (NYSE:STVN) last announced its quarterly earnings results on Friday, May 8th. The company reported €0.11 EPS for the quarter, missing the consensus estimate of €0.12 by (€0.01). Stevanato Group had a net margin of 11.76% and a return on equity of 10.27%. The company had revenue of €273.57 million during the quarter. During the same quarter in the prior year, the company earned $0.10 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. Research analysts predict that Stevanato Group will post 0.68 EPS for the current fiscal year.

Insider Transactions at Stevanato Group

In related news, Director Donald E. Morel, Jr. sold 1,493 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of €17.09, for a total value of €25,515.37. Following the completion of the sale, the director directly owned 37,424 shares of the company’s stock, valued at €639,576.16. This represents a 3.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Madhavan Balachandran sold 1,493 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of €17.09, for a total value of €25,515.37. Following the completion of the sale, the director directly owned 69,458 shares of the company’s stock, valued at approximately €1,187,037.22. This trade represents a 2.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 5,972 shares of company stock worth $102,061 over the last three months. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Stevanato Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC grew its position 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 worth $116,762,000 after acquiring an additional 602,050 shares during the last quarter. Cooper Investors PTY Ltd. increased its holdings 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 valued at $13,988,000 after acquiring an additional 104,937 shares during the period. Van Berkom & Associates Inc. raised its position in Stevanato Group by 2,944.2% in the 1st quarter. Van Berkom & Associates Inc. now owns 170,994 shares of the company’s stock valued at $2,351,000 after purchasing an additional 165,377 shares during the last quarter. Jennison Associates LLC raised its position in Stevanato Group by 13.7% in the 4th quarter. Jennison Associates LLC now owns 1,772,896 shares of the company’s stock valued at $35,671,000 after purchasing an additional 213,602 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS acquired a new stake in Stevanato Group during the 1st quarter worth $1,856,000.

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.