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

Shares of Stevanato Group S.p.A. (NYSE:STVN) have received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

A number of research analysts recently issued reports on STVN shares. Wolfe Research started coverage on Stevanato Group in a report on Friday, December 13th. They set an “outperform” rating and a $28.00 price target on the stock. Morgan Stanley restated an “equal weight” rating and set a $23.00 price target (down previously from $24.00) on shares of Stevanato Group in a report on Tuesday, December 3rd. Finally, Bank of America boosted their price target on Stevanato Group from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday, December 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in shares of Stevanato Group by 4.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,693,588 shares of the company’s stock worth $53,872,000 after acquiring an additional 115,050 shares during the period. Jennison Associates LLC bought a new stake in shares of Stevanato Group in the 4th quarter worth approximately $20,239,000. Glenmede Trust Co. NA boosted its position in shares of Stevanato Group by 12.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 35,941 shares of the company’s stock worth $719,000 after purchasing an additional 4,050 shares in the last quarter. AMI Asset Management Corp bought a new stake in shares of Stevanato Group in the 4th quarter worth approximately $1,089,000. Finally, Conestoga Capital Advisors LLC boosted its position in shares of Stevanato Group by 5.3% in the 4th quarter. Conestoga Capital Advisors LLC now owns 8,082,996 shares of the company’s stock worth $176,128,000 after purchasing an additional 407,086 shares in the last quarter.

Stevanato Group Stock Down 1.7 %

Shares of NYSE:STVN opened at €20.76 ($21.85) on Wednesday. Stevanato Group has a 1 year low of €16.56 ($17.43) and a 1 year high of €34.00 ($35.79). The company has a market cap of $6.29 billion, a PE ratio of 44.17, a P/E/G ratio of 7.18 and a beta of 0.56. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.81 and a quick ratio of 1.21. The stock’s 50-day moving average is €21.66 and its 200 day moving average is €20.56.

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.