Stevanato Group (NYSE:STVN) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Stevanato Group (NYSE:STVN) from a buy rating to a hold rating in a report released on Saturday morning.

Other equities analysts have also issued reports about the company. Jefferies Financial Group set a $17.50 price objective on Stevanato Group in a research report on Tuesday, February 10th. Morgan Stanley started coverage on Stevanato Group in a research note on Monday, December 1st. They issued an “equal weight” rating and a $24.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Stevanato Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Stevanato Group Stock Up 3.2%

Shares of NYSE:STVN opened at €16.10 on Friday. The firm has a market capitalization of $4.88 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 1.32 and a beta of 0.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.30 and a current ratio of 1.89. Stevanato Group has a 52-week low of €13.91 and a 52-week high of €28.00. The firm has a fifty day moving average of €19.02 and a 200 day moving average of €22.38.

Institutional Trading of Stevanato Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. grew its holdings in shares of Stevanato Group by 14.9% in the second quarter. First Horizon Advisors Inc. now owns 3,833 shares of the company’s stock worth $94,000 after purchasing an additional 497 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Stevanato Group by 7.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,893 shares of the company’s stock valued at $242,000 after buying an additional 711 shares during the period. First Bank & Trust grew its holdings in Stevanato Group by 5.6% in the 4th quarter. First Bank & Trust now owns 17,109 shares of the company’s stock worth $344,000 after acquiring an additional 904 shares during the last quarter. GW&K Investment Management LLC grew its holdings in 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 acquiring an additional 1,055 shares during the last quarter. Finally, Pathstone Holdings LLC increased its position in shares of Stevanato Group by 1.5% in the third quarter. Pathstone Holdings LLC now owns 71,178 shares of the company’s stock valued at $1,833,000 after acquiring an additional 1,067 shares during the period.

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.