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

Stevanato Group S.p.A. (NYSE:STVN) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company.

STVN has been the topic of a number of analyst reports. Stephens reaffirmed an “overweight” rating and set a $38.00 price objective on shares of Stevanato Group in a research report on Monday, March 25th. BNP Paribas initiated coverage on Stevanato Group in a research report on Monday. They set an “outperform” rating on the stock. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $30.00 price objective on shares of Stevanato Group in a research report on Monday.

Stevanato Group Price Performance

Shares of NYSE:STVN opened at €27.22 ($28.96) on Friday. The stock’s 50-day simple moving average is €30.29 and its two-hundred day simple moving average is €29.48. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.50 and a quick ratio of 1.06. Stevanato Group has a 52-week low of €23.00 ($24.47) and a 52-week high of €36.30 ($38.62).

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. raised its holdings in shares of Stevanato Group by 327.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,593 shares of the company’s stock worth $43,000 after acquiring an additional 1,220 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of Stevanato Group during the 3rd quarter worth approximately $60,000. Fifth Third Bancorp raised its holdings in shares of Stevanato Group by 70.1% during the 3rd quarter. Fifth Third Bancorp now owns 2,473 shares of the company’s stock worth $73,000 after acquiring an additional 1,019 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Stevanato Group during the 3rd quarter worth approximately $115,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Stevanato Group by 14.1% during the 4th quarter. First Horizon Advisors Inc. now owns 5,311 shares of the company’s stock worth $145,000 after acquiring an additional 657 shares in the last quarter.

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.