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

Stevanato Group S.p.A. (NYSE:STVN) has received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

Separately, Stephens reaffirmed an “overweight” rating and issued a $38.00 target price on shares of Stevanato Group in a report on Monday, March 25th.

Institutional Investors Weigh In On Stevanato Group

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG raised its holdings in Stevanato Group by 834.5% during the first quarter. UBS Group AG now owns 1,056 shares of the company’s stock valued at $27,000 after acquiring an additional 943 shares during the period. SRS Capital Advisors Inc. raised its holdings in Stevanato Group by 327.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,593 shares of the company’s stock valued at $43,000 after acquiring an additional 1,220 shares during the period. PNC Financial Services Group Inc. bought a new stake in Stevanato Group during the third quarter valued at about $60,000. Fifth Third Bancorp raised its holdings in Stevanato Group by 70.1% during the third quarter. Fifth Third Bancorp now owns 2,473 shares of the company’s stock valued at $73,000 after acquiring an additional 1,019 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Stevanato Group in the third quarter worth about $115,000.

Stevanato Group Stock Down 1.6 %

STVN stock opened at €28.40 ($30.21) on Friday. Stevanato Group has a 1 year low of €23.00 ($24.47) and a 1 year high of €36.30 ($38.62). The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.06 and a current ratio of 1.50. The stock’s fifty day moving average price is €30.64 and its 200-day moving average price is €29.58.

Stevanato Group (NYSE:STVN) last released its quarterly earnings results on Thursday, March 7th. The company reported €0.18 ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of €0.19 ($0.20) by (€0.01) (($0.01)). Stevanato Group had a return on equity of 14.31% and a net margin of 13.43%. The firm had revenue of €320.60 million during the quarter, compared to analysts’ expectations of €326.85 million. During the same quarter last year, the business earned $0.19 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Equities analysts anticipate that Stevanato Group will post 0.67 earnings per share for the current year.

Stevanato Group Company Profile

Stevanato Group S.p.A. engages in the design, production, and distribution of products and processes to provide integrated solutions for bio-pharma and healthcare industries in Europe, the Middle East, Africa, North America, South America, and the Asia Pacific. The company operates in two segments, Biopharmaceutical and Diagnostic Solutions; and Engineering.