Stevanato Group (NYSE:STVN) Stock Price Up 0.5% – Should You Buy?

Stevanato Group S.p.A. (NYSE:STVN) shares shot up 0.5% during mid-day trading on Friday . The company traded as high as €20.61 ($21.93) and last traded at €20.25 ($21.54). 21,874 shares traded hands during trading, a decline of 96% from the average session volume of 502,786 shares. The stock had previously closed at €20.14 ($21.43).

Analyst Ratings Changes

Separately, Morgan Stanley reissued an “equal weight” rating and issued a $23.00 price objective (down from $24.00) on shares of Stevanato Group in a research report on Tuesday.

Stevanato Group Stock Performance

The company has a quick ratio of 1.21, a current ratio of 1.81 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average price of €19.48 and a 200 day moving average price of €19.60. The stock has a market cap of $5.90 billion, a PE ratio of 43.09, a price-to-earnings-growth ratio of 9.06 and a beta of 0.59.

Stevanato Group (NYSE:STVN) last released its quarterly earnings data on Tuesday, November 5th. The company reported €0.12 ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of €0.13 ($0.14) by (€0.01) (($0.01)). The business had revenue of €277.90 million for the quarter, compared to the consensus estimate of €274.36 million. Stevanato Group had a net margin of 10.47% and a return on equity of 9.86%. Stevanato Group’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 earnings per share. As a group, research analysts forecast that Stevanato Group S.p.A. will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On Stevanato Group

A number of institutional investors have recently added to or reduced their stakes in STVN. Tri Locum Partners LP purchased a new stake in shares of Stevanato Group during the second quarter valued at about $10,370,000. Thrivent Financial for Lutherans purchased a new stake in Stevanato Group during the second quarter valued at approximately $30,477,000. Thornburg Investment Management Inc. boosted its stake in Stevanato Group by 279.1% in the second quarter. Thornburg Investment Management Inc. now owns 746,218 shares of the company’s stock valued at $13,690,000 after acquiring an additional 549,378 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in Stevanato Group by 12.7% in the third quarter. Glenmede Trust Co. NA now owns 35,941 shares of the company’s stock worth $719,000 after purchasing an additional 4,050 shares during the last quarter. Finally, Comgest Global Investors S.A.S. grew its holdings in Stevanato Group by 56.8% in the second quarter. Comgest Global Investors S.A.S. now owns 394,120 shares of the company’s stock worth $7,228,000 after purchasing an additional 142,754 shares during the last quarter.

About Stevanato Group

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.