Stevanato Group S.p.A. (NYSE:STVN) Given Average Recommendation of “Moderate Buy” by Brokerages

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

Several equities research analysts have commented on STVN shares. Jefferies Financial Group set a $17.50 price objective on Stevanato Group in a research report on Tuesday, February 10th. Wall Street Zen cut shares of Stevanato Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings restated a “hold (c)” rating on shares of Stevanato Group in a research report on Monday, December 29th. Finally, Morgan Stanley started coverage on shares of Stevanato Group in a research note on Monday, December 1st. They set an “equal weight” rating and a $24.00 target price on the stock.

Stevanato Group Stock Down 1.9%

Shares of STVN opened at €15.99 on Wednesday. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 1.32 and a beta of 0.58. Stevanato Group has a 52 week low of €13.91 and a 52 week high of €28.00. The stock’s 50-day moving average price is €18.62 and its 200-day moving average price is €22.14. The company has a quick ratio of 1.30, a current ratio of 1.89 and a debt-to-equity ratio of 0.26.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Pembroke Management LTD boosted its stake in shares of Stevanato Group by 11.9% in the third quarter. Pembroke Management LTD now owns 1,283,216 shares of the company’s stock worth $33,043,000 after acquiring an additional 136,710 shares during the last quarter. Cooper Investors PTY Ltd. raised 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 valued at $15,200,000 after purchasing an additional 422,478 shares during the last quarter. Thrivent Financial for Lutherans lifted 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 purchasing an additional 156,733 shares in the last quarter. Ranger Investment Management L.P. lifted its holdings in Stevanato Group by 125.6% in 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 purchasing an additional 735,417 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in 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 purchasing an additional 455,323 shares during the last quarter.

Stevanato Group Company Profile

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.