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

Shares of Stevanato Group S.p.A. (NYSE:STVN) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

STVN has been the topic of several recent analyst reports. Wolfe Research began coverage on Stevanato Group in a research note on Friday. They issued an “outperform” rating and a $28.00 target price on the stock. Bank of America lifted their price objective on Stevanato Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $23.00 price target (down previously from $24.00) on shares of Stevanato Group in a research note on Tuesday, December 3rd.

Institutional Investors Weigh In On Stevanato Group

Several hedge funds have recently made changes to their positions in the company. Schwartz Investment Counsel Inc. boosted its holdings in shares of Stevanato Group by 12.3% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 126,281 shares of the company’s stock valued at $2,316,000 after buying an additional 13,800 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Stevanato Group by 18.7% during the second quarter. Raymond James Trust N.A. now owns 10,239 shares of the company’s stock worth $188,000 after acquiring an additional 1,613 shares in the last quarter. Liontrust Investment Partners LLP purchased a new stake in Stevanato Group in the second quarter worth about $6,104,000. Conestoga Capital Advisors LLC increased its stake in shares of Stevanato Group by 7.3% during the second quarter. Conestoga Capital Advisors LLC now owns 7,275,823 shares of the company’s stock valued at $133,439,000 after purchasing an additional 496,930 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Stevanato Group by 27.3% during the second quarter. Natixis Advisors LLC now owns 42,674 shares of the company’s stock valued at $783,000 after purchasing an additional 9,146 shares during the last quarter.

Stevanato Group Stock Up 3.7 %

STVN opened at €23.31 ($24.54) on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.21 and a current ratio of 1.81. Stevanato Group has a 1 year low of €16.56 ($17.43) and a 1 year high of €34.73 ($36.56). The stock’s 50 day simple moving average is €19.67 and its 200 day simple moving average is €19.68.

Stevanato Group (NYSE:STVN) last issued its earnings results on Tuesday, November 5th. The company reported €0.12 ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of €0.13 ($0.14) by (€0.01) (($0.01)). The firm had revenue of €277.90 million during the quarter, compared to the consensus estimate of €274.36 million. Stevanato Group had a return on equity of 9.86% and a net margin of 10.47%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 EPS. As a group, sell-side analysts anticipate that Stevanato Group will post 0.5 EPS for the current fiscal year.

About Stevanato Group

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.