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

Stevanato Group S.p.A. (NYSE:STVN) has been assigned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

A number of analysts recently weighed in on STVN shares. Citigroup cut their target price on shares of Stevanato Group from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Morgan Stanley dropped their price objective on shares of Stevanato Group from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, July 15th.

Institutional Investors Weigh In On Stevanato Group

Institutional investors have recently added to or reduced their stakes in the business. Truist Financial Corp increased its stake in Stevanato Group by 47.0% in the second quarter. Truist Financial Corp now owns 26,034 shares of the company’s stock valued at $477,000 after purchasing an additional 8,321 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Stevanato Group by 222.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 251,606 shares of the company’s stock valued at $4,614,000 after buying an additional 173,546 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of Stevanato Group by 65.6% in the 2nd quarter. Squarepoint Ops LLC now owns 17,302 shares of the company’s stock valued at $317,000 after buying an additional 6,853 shares during the last quarter. Fred Alger Management LLC raised its stake in Stevanato Group by 7.6% during the 2nd quarter. Fred Alger Management LLC now owns 861,727 shares of the company’s stock worth $15,804,000 after acquiring an additional 60,920 shares in the last quarter. Finally, Tri Locum Partners LP purchased a new stake in Stevanato Group in the second quarter valued at $10,370,000.

Stevanato Group Stock Performance

Shares of STVN stock opened at €19.26 ($21.40) on Monday. Stevanato Group has a 52 week low of €16.56 ($18.40) and a 52 week high of €35.56 ($39.51). The firm has a 50 day moving average of €20.34 and a two-hundred day moving average of €22.91. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.74 and a quick ratio of 1.13.

Stevanato Group (NYSE:STVN) last released its earnings results on Tuesday, August 6th. The company reported €0.09 ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of €0.10 ($0.11) by (€0.01) (($0.01)). Stevanato Group had a net margin of 11.27% and a return on equity of 10.89%. The company had revenue of €259.60 million during the quarter, compared to analysts’ expectations of €254.92 million. During the same quarter last year, the business posted $0.15 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities analysts predict that Stevanato Group will post 0.5 earnings per share for the current fiscal year.

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.