KeyCorp Has Lowered Expectations for Stevanato Group (NYSE:STVN) Stock Price

Stevanato Group (NYSE:STVNGet Free Report) had its price objective reduced by stock analysts at KeyCorp from $37.00 to $32.00 in a report released on Thursday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the stock.

A number of other equities research analysts have also recently weighed in on STVN. Wall Street Zen cut Stevanato Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Jefferies Financial Group set a $17.50 target price on shares of Stevanato Group in a report on Tuesday, February 10th. Morgan Stanley started coverage on shares of Stevanato Group in a report on Monday, December 1st. They issued an “equal weight” rating and a $24.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stevanato Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Stevanato Group presently has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on STVN

Stevanato Group Stock Down 8.5%

Stevanato Group stock traded down €1.49 during mid-day trading on Thursday, reaching €16.01. 194,477 shares of the company were exchanged, compared to its average volume of 736,905. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.30 and a current ratio of 1.89. The firm has a market cap of $4.85 billion, a P/E ratio of 28.18, a PEG ratio of 1.18 and a beta of 0.57. The business has a fifty day moving average of €17.79 and a 200 day moving average of €21.75. Stevanato Group has a 12-month low of €13.91 and a 12-month high of €28.00.

Institutional Trading of Stevanato Group

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new position in shares of Stevanato Group in the third quarter worth $44,000. First Horizon Corp acquired a new position in shares of Stevanato Group in the 3rd quarter valued at $50,000. State of Wyoming raised its stake in Stevanato Group by 39,216.7% in the 2nd quarter. State of Wyoming now owns 2,359 shares of the company’s stock worth $58,000 after acquiring an additional 2,353 shares during the last quarter. GW&K Investment Management LLC lifted its position in Stevanato Group by 76.2% during 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 period. Finally, Quantbot Technologies LP purchased a new stake in Stevanato Group during the 3rd quarter valued at about $68,000.

Stevanato Group News Roundup

Here are the key news stories impacting Stevanato Group this week:

About Stevanato Group

(Get Free Report)

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.

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Analyst Recommendations for Stevanato Group (NYSE:STVN)

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