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

Shares of Stevanato Group S.p.A. (NYSE:STVN) have received an average rating of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company.

Several research firms have weighed in on STVN. Morgan Stanley began coverage on Stevanato Group in a research report on Monday, December 1st. They set an “equal weight” rating and a $24.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stevanato Group in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Stevanato Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Jefferies Financial Group set a $17.50 target price on shares of Stevanato Group in a report on Tuesday, February 10th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Pembroke Management LTD increased its stake in Stevanato Group by 11.9% in the third quarter. Pembroke Management LTD now owns 1,283,216 shares of the company’s stock valued at $33,043,000 after purchasing an additional 136,710 shares during the last quarter. Cooper Investors PTY Ltd. boosted its stake in Stevanato Group by 251.7% in the 3rd quarter. Cooper Investors PTY Ltd. now owns 590,308 shares of the company’s stock worth $15,200,000 after buying an additional 422,478 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Stevanato Group by 7.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,372,390 shares of the company’s stock valued at $61,089,000 after buying an additional 156,733 shares during the period. Ranger Investment Management L.P. increased its stake in shares of Stevanato Group by 125.6% during the 2nd quarter. Ranger Investment Management L.P. now owns 1,321,030 shares of the company’s stock valued at $32,273,000 after acquiring an additional 735,417 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in shares of Stevanato Group by 20.0% during the 2nd quarter. Artisan Partners Limited Partnership now owns 2,733,782 shares of the company’s stock worth $66,786,000 after acquiring an additional 455,323 shares during the period.

Stevanato Group Stock Down 1.9%

Shares of NYSE STVN opened at €15.99 on Wednesday. The firm’s 50-day moving average is €18.62 and its two-hundred day moving average is €22.16. The company has a market capitalization of $4.84 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 1.34 and a beta of 0.58. Stevanato Group has a 12-month low of €13.91 and a 12-month high of €28.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.89 and a quick ratio of 1.30.

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.