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

Shares of Stevanato Group S.p.A. (NYSE:STVN) have been assigned a consensus rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating on the company.

STVN has been the topic of several analyst reports. Morgan Stanley lowered their price objective on Stevanato Group from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Friday, March 6th. Citigroup lowered their price objective on Stevanato Group from $32.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. TD Cowen raised Stevanato Group to a “strong-buy” rating in a research report on Wednesday, June 17th. Wolfe Research started coverage on Stevanato Group in a research report on Tuesday, June 2nd. They issued an “outperform” rating and a $21.00 price objective on the stock. Finally, KeyCorp decreased their target price on shares of Stevanato Group from $37.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th.

Stevanato Group Stock Performance

STVN stock opened at €17.28 on Tuesday. The stock has a market capitalization of $5.23 billion, a PE ratio of 29.28, a price-to-earnings-growth ratio of 1.64 and a beta of 0.78. Stevanato Group has a 12-month low of €12.89 and a 12-month high of €28.00. The company has a current ratio of 1.63, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. The stock’s 50 day simple moving average is €17.51 and its 200 day simple moving average is €17.21.

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

Stevanato Group Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.054 per share. The ex-dividend date is Thursday, June 11th. This represents a yield of 31.0%.

Insider Activity at Stevanato Group

In other Stevanato Group news, Director Karen Flynn sold 1,493 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of €17.09, for a total transaction of €25,515.37. Following the completion of the sale, the director directly owned 5,757 shares in the company, valued at approximately €98,387.13. The trade was a 20.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Donald E. Morel, Jr. sold 1,493 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of €17.09, for a total transaction of €25,515.37. Following the sale, the director owned 37,424 shares of the company’s stock, valued at approximately €639,576.16. This represents a 3.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 valued at $102,061 in the last quarter.

Institutional Investors Weigh In On Stevanato Group

Hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming raised its stake in Stevanato Group by 39,216.7% during the 2nd quarter. State of Wyoming now owns 2,359 shares of the company’s stock valued at $58,000 after buying an additional 2,353 shares during the last quarter. GW&K Investment Management LLC increased its stake in shares of Stevanato Group by 76.2% in the 4th quarter. GW&K Investment Management LLC now owns 2,440 shares of the company’s stock worth $49,000 after purchasing an additional 1,055 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Stevanato Group in the 3rd quarter worth $68,000. Fifth Third Bancorp increased its stake in shares of Stevanato Group by 22.6% in the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the company’s stock worth $58,000 after purchasing an additional 773 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Stevanato Group by 1,268.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,585 shares of the company’s stock worth $112,000 after purchasing an additional 4,250 shares in the last quarter.

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.